What Is Inflation? A rise in prices is called inflation. This means that the value of a given currency decreases over time, which is known as inflation. A way to get a sense of how quickly purchasing power is going down in an economy is to look at how muchContinue Reading

Concerned about the FD rate’s drop? Here are four possibilities. Fixed deposit interest rates were already falling, and major banks have reduced their FD interest rates still again. SBI, HDFC Bank, and Kotak Mahindra Bank have all reduced their fixed deposit interest rates. SBI has slashed the interest rate onContinue Reading