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Post Office Term Deposit Vs Tax-Saver FDs: Interest rates compared - which one should you opt for?

IndiaTimes Tuesday, 19 March 2024
Government updates small savings schemes rates quarterly. 5-year Post Office Time Deposit (POTD) rates remain steady. Banks offer tax-saving benefits on 5-year fixed deposits with varying interest rates, such as DCB Bank at 7.75% and IndusInd Bank at 7.25%.
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News video: Japan raises interest rates for the first time in 17 years

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In a bid to revive stagnant post-financial crisis economies and spur inflation, central bankers globally ventured into uncharted territory in the 2010s by pushing interest rates into negative territory.

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