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Talk to your parents and find out the fixed deposit rates of their bank. You can also refer to the bank’s website.

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Upon checking major public and private banks, current fixed deposit interest rates range between 6.5% and 7.2% annually for regular citizens, with senior citizens receiving an additional 0.50% interest bonus on term deposits.

Cbse Class 9 Social Science Part 2 Solutions

Class 9 Social Science part 2 chapter 5 question answer

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  1. Inquiries with parents and public banking portals indicate that fixed deposit interest rates currently hover between 6.50% and 7.25% per annum for tenures ranging from one to three years. Senior citizens receive an additional premium of approximately 0.50%. These fixed deposits remain popular family choices because they provide guaranteed, risk-free returns along with capital safety.

     

    For more NCERT Solutions of Class 9 Social Science Part 2 Chapter 5 Managing Your Personal Finances Question Answer (2026-27)

    https://www.tiwariacademy.com/ncert-solutions/class-9/social-science/part-2-chapter-5/

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