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RBI has decided to hold the policy repo rate for the third consecutive time in its monetary policy meeting held on August 10. Prior to this the central bank had raised the repo rate by 2.5% since 2022 however banks were yet to transmit the full hike to fixed deposit investors when interest rate cycle seems to be taking a turn. What should FD investors do now?
Bank FD vs NSC: The National Saving Certificate (NSC) offers a higher interest rate of 7.7% compared to banks' FD rates of 3% to 7.25%. NSC is a low-risk investment backed by the government, while FD rates vary
Investors should conduct proper risk analysis before choosing a mutual fund. Flexi-cap funds have been performing well, with top options including JM Flexicap, HDFC Flexi Cap, and ICICI Prudential Flexicap
FD interest rates: If you want to invest in fixed deposits, the following banks have lowered their interest rates.
Experts also said that another pause in the repo rate hike cycle is expected from the monetary policy committee on June 8.