Fixed deposit interest rates start seeing a dip in banks; how to select FD tenure now for maximum returns
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said that with a laddered set of fixed deposits, investors can also benefit if banks raise FD rates soon.
More of Abhishek's views on saving and deposits
Economic Times explains why some banks had begun trimming FD rates in August 2023, after the RBI held the repo rate for a third straight meeting and the withdrawal of ₹2,000 notes added liquidity. It discusses which tenures paid most at the time, laddering deposits across maturities, and limiting small finance bank deposits within the ₹5 lakh insurance cover. Abhishek Kumar is among the experts quoted.
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Fixed deposit interest rates start seeing a dip in banks; how to select FD tenure now for maximum returns
