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The highest increase of 0.3 per cent was for the five-year recurring deposit (RD).
Agents make an offer to ordinary people to make them open current accounts and sell them to fraudsters.
With the reduction, term deposits of 1-3 years will now earn an interest rate of 5.5 per cent as against 6.9 per cent, down 1.4 percentage points
Like usual financial planning methods, the mobilisation of a contingency fund does not take a chartered route.
To ensure a smooth banking experience, knowledge of some key facts is essential.
Banks these days offer life insurance, health insurance and accident insurance.
Balance Tech is a Bengaluru-based smart-savings management start-up.