Every bank wants the number of its customers to increase within it so that the brand value of its bank will be greatly affected. Due to this, it keeps increasing its interest rates continuously so that its customers can reach it in more quantity and The Small Finance Bank, which is a small finance bank, has just come out with a policy to keep its money with them, that is, those who are from senior citizens, they will return their money in 888 days by paying an interest rate of up to 9%, in which the small finance bank will benefit greatly.
This is going to happen because he has the same number of citizens. His number will increase very much, which is a small finance bank. He has asked to invest this FD for at least 888 days because the senior citizen score 888 days in a small finance bank will give an interest rate from 8:30% to 9%, so the general public has liked it very much because where the Reserve Bank had put a lot of burden on the general public by increasing the repo rate, now the new- New banks or old banks, they aim to increase the interest rate for the public, it is going to be very much liked by the public and the public is going to take full advantage of this offer because the higher the interest rate to the general public.
Elderly people will get benefit, now keeping money in bank is very safe and beneficial
She is happier in the same because she feels good leaving her money safe with the bank, as well as if she gets interested from there, she will feel very good, although, at different times, the bank offers many offers to the public. Keep withdrawing, which the public takes full advantage of and can use their money properly, and banks use such FDs and other offers to woo the public to increase the number of their customers. The way the Bank of India has continuously increased the repo rate is very worrying for the public because the public has suffered a lot and is not even ready to bear that loss. Hence, other banks are not very tolerant of it.
In this way, by increasing the repo rate on the public, the Reserve Bank is causing a lot of loss to the public, and it will bring some good offers for the public so that they can get some benefit, the economic condition of India is not very good. But gradually, it is moving forward so that the Reserve Bank of India keeps making such offers to the public to increase itself, and the public also has to obey the Reserve Bank of India considering the economic condition of India. Understands because the common people of India also want that the economic condition of India should be very strong and India can go in a good direction.
