Punjab National Bank (PNB) has reduced interest rate on its savings account for balances below ₹10 lakh to 2.75% per annum.
When rate of return on investment is less than inflation - over time one actually loses savings.
Where do people with small savings go - Stock Markets?
Congress President, Smt. Sonia Gandhi has expressed deep concern about the health of India’s singing legend, Lata Mangeshkar & has prayed for her early recovery.
Smt. Gandhi said, “Generations have grown up listening to her melodious voice. India needs her".