FD interest rates cut blow to middle class: Kejriwal
NEW DELHI: Delhi Chief Minister Arvind Kejriwal on Monday slammed the Centre after interest rates for fixed deposits were slashed by the SBI and said it is a “huge blow” to the middle class.
“Is this true? FD interest rates reduced drastically? Huge blow to middle class,” the Aam Aadmi Party (AAP) leader tweeted.
Media reports said the FD interest rates were slashed by 1.9 per cent by the State Bank of India (SBI) following a surge in deposits.
The AAP has denounced the ban on high value currency that has caused a cash chaos.