I went to a leading commercial bank and inquired about long-term Fixed Deposit rates. They offer up to 3 years in tenor but also mentioned that long-term rates are lower than short-term rates. They expect rates to decline in 6 months.
READ MORETax season is around the corner. Two popular ways to get investment tax rebates are via investing in Savings Certificates and T-Bonds.
READ MOREBBS reported inflation numbers for May 2024. CPI rose to 9.89% from 9.74% (April). Food inflation rose to 10.76% from 10.22% and non-food inflation fell to 9.19% from 9.34%.
READ MOREQuick update on the food inflation per the Khichuri Index.
READ MOREWhen borrowing rates are high, it's smarter to borrow less in longer durations and borrow more in shorter. That means the borrower is not locking up high rates for long term.
READ MOREUPS, Sanchaypatra or Mutual Funds? A 25-Year-Old's Guide to Retirement Planning
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