FD investors: Final call to book fixed deposits at high interest rates? All eyes on RBI MPC meeting on February 8, 2024

With the RBI cutting the repo rate by 25 basis points in its February 2025 MPC meeting, banks have started reducing fixed deposit (FD) interest rates, signaling the end of the high-rate cycle. Investors now have a final window to lock in FDs at attractive rates-many banks are still offering 7% to 8% for select tenures, especially for senior citizens, but these rates are expected to drop further soon. Acting quickly can help you secure higher returns before more banks revise their FD rates downward in response to the RBI’s accommodative policy stance