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Mysuru's Evening Daily · Since 1978
Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Voice of The Reader

Decreasing deposit rates, a concern for seniors

Sir, The interest rates on deposits and savings accounts are moving in a downward trend due to various financial and economic reasons. If the trend continues, the day may not be too…

By Author
Published May 15, 2020 · 1 min read
decreasing deposit rates, a co

Sir,

The interest rates on deposits and savings accounts are moving in a downward trend due to various financial and economic reasons. If the trend continues, the day may not be too far, for banks and financial institutions to start charging their customers for safe-keeping the money in these accounts, instead of paying the interest, as they incur expenditure to handle the accounts like manpower, space, printing various documents related to these accounts, etc.

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