Widely read:
On the last day of 2016, Narendra Modi made a series of announcements for different sections of society. For home buyers, he instituted interest rate cuts. For women, he offered money during pregnancy. And perhaps, most importantly of them all, he guaranteed senior citizens 8% interest for 10 years on fixed deposits upto Rs 7.5 lakhs. So should you go for it? Or should you reconfigure your post-retirement investment strategy? Keeping the past & anticipated rate cuts in mind, we would advise senior citizens to reconfigure their investment strategies.
This article was originally published on January 11, 2017.
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