Lower Bank Interest Rates - Savers Lose, Borrowers Gain
Photo: LiveMint

Lower Bank Interest Rates – Savers Lose, Borrowers Gain

As wholesale and retail inflation rates come down, Reserve Bank of India like reserve banks around the world lower policy or benchmark interest rates. In India, fixed deposit rates are down from nearly 10% to below 8% for one or more years, and this clearly hurts savers and retired people living off these savings. On the other hand, borrowers from the government to those for… Read More

  • http://www.livemint.com/Money/4S14XRTxhs4LQ9EJxFAJLO/Bank-depositors-lose-govt-gains-most-from-lower-interest-ra.html
  • 17 Jun 2016
  • WerIndia
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