The Reserve Bank of India (RBI) in its latest monetary policy review has projected retail inflation at 5.3 per cent for the current financial year.
Growth in recent times is led by savings products, poised to give better returns that bank FDs
The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request
The recent spate of rate cuts by the Reserve Bank of India could be bad news for savers
SBI's new product offers good rates but SCSS and RBI's savings bonds are more attractive
Choose a higher compounding frequency, and invest across multiple tenures and banks
Many financial planners advise using this instrument for investment as well as meeting short-term goals
Investors in the 20 and 30 per cent tax bracket should calculate the post-tax return