Hi

The interest rates for FD have been reduced to 7% by the India's largest lender SBI (from Sept 1) and the news says that its an indication that the rates will fall more. FD's have always been considered as a safe and steady income option specially for the retired people. So now with the reducing rates and increasing inflation, what else is the next best investment option that we can look at?

http://www.livemint.com/Money/89WFPIl4K9ZDCgLZ7QOl4H/7-the-interest-rate-on-State-Bank-of-India-fixed-deposits.html

 


Life is really simple, but we insist on making it complicated - Confucius

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