Senior citizens and retired employees deposits their money in Fixed deposits for their survival.  Now SBI has reducted the fixed deposits interest rate drastically.  SBI FD gives 5.7% per annum and 10% TDS would be deducted from the earning.  Take a consideration of 4% inflation rates and 10% deduction, it would be worst option to … Continue reading SBI FD 5.7%, Inflation 4%. where to put retirement money after retirement.