Hellow Friends,aja again
I am 52yrs old.
Last few days I had a good discussion with some of my oldie friends.
Whoever have a pension have no issue.But some us are really worried because of these constant falling of interest rates on fixed deposits.
For example-
I have 50L and I used to get 9% ROI in year 2014-15.But then it started to fall and now its 6.25%
50L=9%=4.5L yearly
Vs
50L=6.25%=3L yearly
Interest Rates dropping down more due to NPA's,RBI's Low Rate Loan Schemes to recover NPA and some of the unclear policies of Govt.Well,you know all the economics better than me.
So if it dropped down more to 5% then?
Some senior in our group informed us that Govt will make FD Interest=Saving Interest which will be 3%
I really dont know how to face this and its really affecting my trading and a personal life.I dont have any other income source.
(I dont consider myself a trader now.Thats a different topic)
I am 52yrs old.
Last few days I had a good discussion with some of my oldie friends.
Whoever have a pension have no issue.But some us are really worried because of these constant falling of interest rates on fixed deposits.
For example-
I have 50L and I used to get 9% ROI in year 2014-15.But then it started to fall and now its 6.25%
50L=9%=4.5L yearly
Vs
50L=6.25%=3L yearly
Interest Rates dropping down more due to NPA's,RBI's Low Rate Loan Schemes to recover NPA and some of the unclear policies of Govt.Well,you know all the economics better than me.
So if it dropped down more to 5% then?
Some senior in our group informed us that Govt will make FD Interest=Saving Interest which will be 3%
I really dont know how to face this and its really affecting my trading and a personal life.I dont have any other income source.
(I dont consider myself a trader now.Thats a different topic)