First time in many years, fixed deposit rates turn positive at 8%

As banks' chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and state-run banks led by Punjab & Sind Bank top the chart offering a cool 8-8.50 per cent per annum.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/b7NWe4j
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