The FD Trap — Why Your Parents' Strategy is Failing You
"Beta, FD mein daal do. Safe rehega."
Every Indian parent has said this.
And they meant well — truly.
In 1995, FD rates were 12-13%. That was genuinely great advice.
But it's 2024. FD rates are 6.5-7%.
Inflation is still 6%.
Your parents' safe strategy now barely keeps your money alive.
It doesn't grow it.
This isn't their fault. The world changed. The strategy didn't.
Key Takeaway
FDs made sense at 12% returns. At 6.5%, they barely fight inflation.
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