Post stock market crises, banks look to woo FD investors
INDIA: In a scenario where negative investor sentiment is pulling down stock markets, fixed deposits – the tried and trusted medium – is seeing renewed interest from investors. And cashing in on this are banks and NBFCs, offering innovative products and higher interest rates.
As the cliche goes, the only thing constant is change and so are interest rates. In the last one year, returns on fixed deposits have been revised frequently. From 8%, interest rates have gone up to as …
