Why now is the right time to invest in FD3 min read 06 Feb 2020, 07:10 PM IST
While the government has kept interest rates unchanged for small savings schemes for the fourth quarter of FY20, it may be a smarter choice to invest in fixed deposits, offering lucrative interest rates.
In the Monetary Policy Review on February 6, 2020, no changes were made to the repo rates. The repo rate stands at 5.15%, and reverse repo rate stands at 4.90%, which is great news for fixed deposit investors, as there wouldn’t be any downward pressure on interest rates in the economy.
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