Not happy with FD returns? Here are other investment options
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Interest rates are on a downward trajectory. In fact, majority of banks have also cut their fixed deposit rates. State Bank of India, the biggest lender, has cut interest rates twice recently. Currently, it is offering an interest of 6.50 per cent on one-year fixed deposit. It can be financially stressful, especially for retirees, who depend on bank fixed deposits for regular income.
Here are some of the other investment options in the current scenario.