Bank FD to fetch negative real interest with elevated inflation
"The present average savings deposit rate offered by banks which is around 3.5 per cent and less than five per cent rate on one year deposit indicates a negative return
"The present average savings deposit rate offered by banks which is around 3.5 per cent and less than five per cent rate on one year deposit indicates a negative return, not even covering the expected inflation rate," Resurgent India Managing Director Jyoti Prakash Gadia said.
- Contact Email
- [email protected]
- Issued By
- Resurgent India
- Phone
- 07840000667
- Business Address
- 903-906, 09th Floor, Tower C, Unitech Business Zone
- Country
- India
- Categories
- Banking · Finance · Services
- Last Updated
- May 16, 2022