RBI rate cut to hit Fixed Deposit returns: What investors can do now

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The story "RBI rate cut to hit Fixed Deposit returns: What investors can do now" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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RBI rate cut to hit Fixed Deposit returns: What investors can do now - Business Standard

Quick Summary:

Banks had earlier introduced special schemes to attract deposits.“Now they are discontinuing them or lowering the rates on them,” said Santosh Agarwal, CEO of Paisabazaar.

He also pointed to hybrid options.“Channel a portion of the savings towards instruments such as arbitrage or conservative hybrid funds which offer better stability than equities but tend to be volatile relative to bonds,” he said.

Gupta said tax treatment also plays a role.“Post FD returns after the tax slab are not inflation-indexed; tax saving FDs or Senior Citizen Savings Scheme (SCSS) outperform inflation post taxation and therefore are better alternatives,” he said.