With the newly licensed banks offering higher rates on their deposits, savers still have good deals

The last two years has been particularly trying for depositors. Rates on bank deposits have fallen sharply, more so after the Centre’s demonetisation move last November. On an average, rates on your fixed deposits have plummeted by nearly two percentage points over the last two years.The unkind cut in savings deposit rates a few months back, has also come as a hard blow for savers. Savings deposi...