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Personal Finance: Are fixed deposits really your safety blanket?

Keep only as much as you need in three-five years in fixed deposits but secure your financial future through calculated risks of wealth creation 

June 10, 2022 / 10:36 AM IST
Personal Finance: Are fixed deposits really your safety blanket?

The Reserve Bank of India (RBI) has raised its benchmark repo rate yet again taking the total hike to 90 basis points within a period of just over a month. Private sector banks have been quick to raise their marginal lending rate, which only means higher loan rates for you and a potential increase in your equated monthly instalments. As an optimistic lot, we tend to look for the silver lining and some say that could well lie in...

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