Anurag Goel, Director, Goel Ganga Developments
1 year ago
RBI holds repo rate steady, signaling stable interest rates. Lock in long-term FDs now and diversify across banks for better, safer returns.
Due to the RBI holding the repo rate as is, it suggests interest rates will be unchanged in the medium term. Fixed Deposit investors ought to make the most of the current rates especially with longer term FDs before any downward revisions. Spreading deposits across various banks, including small finance banks which offer marginally better rates, will ensure maximum gains without much risk.
