Tagged: fixed deposits

fixed deposits

All About the Fixed Deposit Interest Rates 2020

Fixed Deposits are well known for security of funds and substantial interest. FDs have a fixed maturity, usually preventing early withdrawals. The interest rate on FDs are fixed in advance. Surplus liquidity has forced financial institutions to cut rates of most deposits. Fixed deposit interest rates are also declining in...


Know About The Best Fixed Deposit Interest Rates 2020

Last year, RBI announced a slash in the repo rate five times. Recently, it again reduced the repo rate by 40 basis points to 4%. This is considered the lowest repo rate in the last two decades. In a ripple effect, most banks have also lowered their fixed deposit interest...