Between FD rate cuts and ATM fee hikes, the financial landscape is getting more expensive, and your wallet is feeling the pinch.
The Reserve Bank of India (RBI) has announced that it’s lowering FD (Fixed Deposit) rates, and the impact is already being felt. While FDs have long been a safe haven for risk-averse investors, the new rates are less attractive, especially for those who rely on interest income. The average FD rate has dropped from around 7.1% to 6.5%, making it harder for savers to see returns on their money.
On the flip side, ATM withdrawal charges are on the rise. From ₹21 to ₹25 per transaction, these charges may seem minor, but for those who rely on ATM withdrawals for day-to-day
