Why senior citizens need to invest in Bajaj Finance Fixed Deposit?4 min read 12 May 2020, 05:11 PM IST
Market volatilities pose risk of capital depreciation in market-linked instruments, which is not a preferred measure by senior citizens with low risk appetite.
With the Reserve Bank of India’s announcements to boost liquidity and ease financial stress, financiers wouldn’t need to increase rates on conventional options like savings accounts or deposit rates. Leading banks have reduced their deposit rates several times and FD interest rates are averaging below 6% during these times.
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