Fixed deposit interest rates start seeing a dip in banks; how to select FD tenure now for maximum returns

Bank fixed deposit interest rates have started to dip, with major banks like Bank of Baroda and Kotak Mahindra recently reducing rates across select tenures. To maximize returns in a falling rate scenario, consider locking in longer tenures now to secure current higher rates, especially for special tenure FDs offering the best rates. Shorter tenures may be less attractive as rates could fall further, so compare across banks and choose the tenure that balances your liquidity needs with the best available rates.