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Podcast: Moneylife News Bites
Episode: Bank FD Sahi Hai
Description: With Finance Minister Nirmala Sitharaman urging public sector banks to boost deposit growth, a shift from debt mutual funds to bank fixed deposits (FDs) is becoming increasingly attractive. In this video, Debashis Basu explains why bank FDs are now more appealing than ever, thanks to recent tax changes and the inherent safety they offer. Discover how these factors could lead to a significant inflow of funds into bank deposits and what needs to be done to encourage this trend. Hosted on Acast. See acast.com/privacy for more information.