with the indian central bank reducing the interest rates , the indian banks have also reduced the savings rates ..
are indian banks going the us way in terms of interest rates ? one of the best banks for high savings rates , kotak mahindra bank dropped it’s savings rate from 6 percent to 4 percent.
usa is known to have low interest rates for savings and loans / mortgages .
now it makes less sense to keep cash in banks – you will need to diversify .
for this , it could mean buying homes for rentals and diversify into gold and silver since all countries all printing currencies like there is no tomorrow.Add to favorites