Retail inflation at 6.3%. Real returns from FD could be negative
SBI offer the highest rate of 5.4% on of 5-10-year FDs. The highest fixed deposit rates for ICICI Bank and HDFC Bank are 5.5% for a tenure of five years, one day to 10 years
The rising inflation directly impacts your investments and lifestyle. If you have parked money in fixed deposits of one of the big banks, your returns will be below zero if you consider inflation.