FD interest rate hikes not over yet; this RBI rule can push banks to increase fixed deposit rates

Fixed deposit interest rate hike: The era of rising interest rates on fixed deposits is not over yet. Some factors that indicate this is credit growth remaining much higher than deposit growth; the recent decision of the Reserve Bank of India (RBI) to increase the investment limit of non-callable deposits to Rs 1 crore. As an FD investor, you can take advantage of rising interest rates to invest in term deposits. Know how your FD interest rate will be impacted in the short term and long term.

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