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Finance Minister Nirmala Sitharaman on Thursday said the government will withdraw orders to cut interest rate on small savings schemes and assured to restore the rates to last quarter of the financial year ending on March 31
The government on March 31 announced big cuts in small saving rates for the first quarter of 2021-22. The rates have been cut by up to 1.1 percentage points.
With rising costs of living nibbling at their savings fund, here are a few options for senior citizens that offer better returns than bank deposits
With interest rate of 7.4%, Pradhan Mantri Vaya Vandana Yojana is one of the best schemes for senior citizens to earn regular income.
Concerned by falling FD interest rates? Check out these options to ensure better returns
Have you ever wondered what to choose while opening an account in the bank? Having a bank account inculcates the habit of saving and you also end up getting returns. It is wise to keep your money in a bank account than keeping it in our houses. To make it simple for you, Money9’s Hemanshi […]
Many risk-averse investors also use fixed deposits to achieve their long-term goals. However, low investor awareness regarding bank fixed deposits often lead depositors to make sub-optimal investment decisions while opening fixed deposits
RBI keeps key rates unchanged repo rate at 4% & reverse repo rate 3.35%.
Despite low rates, there’s no need for retirees to recklessly chase yields in high-risk asset classes, according to Kalpesh Ashar, certified financial planner at Full Circle Financial Planners and Advisors.
Follow the 50/30/20 rule and live your life goals, says Pranjal Kamra.