Have you deposited money in this bank? But bad news for you

Have you deposited money in this bank? But bad news for you



It is true that the lockdown has affected the world economy. And that is why many banks in India are reducing interest rates on various schemes one by one. This includes savings accounts as well as fixed deposits. Economists say the lockdown will cause the country's banks to face a Great Depression. As a result, customers will not get the same benefits as before.

Large scale private banks like ICICI, HDFC, HSBC, Bondan Bank, Axis Bank can reduce the interest rate on their savings accounts. Besides, new interest rate will be applicable for making new fixed deposit. Which is much less than before. This means that there will be no change in the fixed deposit that you have made before the lockdown. But the interest rate will be reduced on the new fixed deposit. As a result, if you go for a fixed deposit now, the loss will be yours.

#business #bandhan_bank #icici_bank

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