Fixed Deposit interest rates cut blow to middle class: Kejriwal | india-news | Hindustan Times
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Fixed Deposit interest rates cut blow to middle class: Kejriwal

Delhi chief minister Arvind Kejriwal on Monday slammed the Centre after interest rates for fixed deposits were slashed by State Bank of India and said it is a “huge blow” to the middle class.

india Updated: Nov 28, 2016 13:58 IST
Delhi chief minister Arvind Kejriwal on Monday slammed the Centre after interest rates for fixed deposits were slashed by SBI on Monday.
Delhi chief minister Arvind Kejriwal on Monday slammed the Centre after interest rates for fixed deposits were slashed by SBI on Monday.(HT File Photo)

Delhi chief minister Arvind Kejriwal on Monday slammed the Centre after interest rates for fixed deposits were slashed by State Bank of India 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% by SBI following a surge in deposits.

The AAP has denounced the ban on high-value currency that has caused a cash chaos.

Read | Demonetisation a big scam, surgical strike on poor: Kejriwal demands rollback