Day Trading Stocks & Futures

siddhant4u

Well-Unknown Member
Say, for instance, one year the bank does not pay you 8% interest on your 1L FD. Bank says it will pay you after 5 years.

After 5 years, would you be okay if the bank pays 8k for the one missed payment five years ago?
Customers of banks had various lockdown imposed recently. Depositors couldn’t get principle amount back (yet in case of PMC bank) so they should be happy to get interest back after 5 yr.

But moratorium was imposed by RBI, I’m sure they could come up with something to compensate for the loss of interest on interest.
disclosure: don’t own any bank nor loans.
 

Similar threads