NEWS & ADVICE : FIXED DEPOSITS
Inflation misfortune slumped by growth of deposit demand
By Neelima Shankar
Dec 16, 2013
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There is an impressive lull in Development of demand deposits in the course of recent months, with high Inflation, increase in rural spending and tax charges being referred as the expected reasons. Demand deposits are the funds held in a record which might be withdrawn whenever customer wishes, without any early notification recognize to banks, which typically comprise of current and bank accounts (Casa).

In spite of the fact that generally speaking deposits development was much higher at 16.12% throughout the same fortnight. This was the slowest development popular deposits in four months. Investors say that with term deposits offering higher premium rates, clients are deciding to move their cash far from interest deposits keeping in mind the end goal to show signs of improvement yield.

Financiers, then again, feel that inflationary weights may not be the head reason for more level development in growth to deposits. Seasonal variables, for example, development assess installments due by mid-December, are likewise being seen as a purpose behind the steep fall popular deposits development in the most recent fortnight.


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