Falling FD rates set to hit 4 crore senior citizens hard
India Business News: On Wednesday, SBI cut the FD rates for senior citizens for 1-2 years bracket to 6.9% from 7% while savings bank rate was cut to 3.25% from 3.5% for de
MUMBAI: Senior citizens and retirees who primarily depend on income from fixed deposits in banks, may soon need to look at shifting part of their life's savings into debt mutual funds.
On Wednesday, along with a cut in lending rates, banking major SBI also
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