09/10/2019
Money is an indispensable article in the present day world. It is the ’money’ that pays your bills, takes care of children education, family medical, buys you comforts, amenities and a glass of champagne at 'Bar A Champagne' on the top floor of Eiffel Tower.
“Money is a great servant but a bad master.” – Francis Bacon
For some, money works harder than others if they are put to work judiciously. They treat money as resource and make optimum use of the available resource, does not matter whether big or small in amount. Money doesn’t sleep; it works even in weekends when you relax with your family or on holidays. It takes a smart investment to make a good return. Money is a great servant if you’re a good master, but trying it the other way around will have money fleeing to someone better in no time.
SBI announced revision in interest rate on savings accounts with balances up to Rs 1 lakh from 3.50% to 3.25% w.e.f. November 1. Bank also slashed its retail and bulk term deposit rates by 10 bps and 30 bps respectively for 1 year to less than 2 years tenor w.e.f. October 10. Now the term deposit interest rates from October 10 would be 6.25% and 6.75% (senior citizen) for a term of 2 to 10 years. Remember return from term deposits are taxable and liquidity is compromised.
Finitor Financial Services Private Limited may help you with better cash management solution compare to your savings account, current account, fixed deposit returns and put your money to work for better returns. After all money makes money.
Finitor Financial Services Private Limited
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