Home / Finance / Personal Finance / Don't chase higher yields, avoid risk and stick to safer categories

Don't chase higher yields, avoid risk and stick to safer categories

Stick to solid banks and shun both credit and duration risk in debt funds

Premium

Fixed deposits, mutual funds, interest rates

5 min read Last Updated : Apr 30 2020 | 1:57 AM IST

Declining interest rates have got Helen Anthony, 76, a Patna-based retired school teacher, worried. “I have been rolling over my bank fixed deposits (FDs) at lower interest rates for some time now. If this trend continues, I do worry about the impact it will have on my lifestyle,” she says.

Interest rates are declining, not just in India but globally, as central banks try to support faltering economies. Bank FD rates have come down. Interest on the one-year State Bank of India (SBI) FD has fallen from 7.15 per cent in September 2016 to 5.70 per cent now (6.20

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in