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Special FD rates, while attractive, lose the medium to long-term race

While you may begin allocating to them, keep some powder dry as rates could rise further

Topics
fixed deposit rates | Fixed deposits | monetary policy committee

Karthik Jerome 



Fixed deposit, Finance, Savings, Personal finance
Pankaj Bansal, CBO, BankBazaar.com, suggests investing for one-two years and reinvesting at higher rates later

Many banks have announced special (FD) schemes for specific tenures on which they are offering attractive rates. While you may begin allocating to them, keep some powder dry as rates could rise further.

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First Published: Wed, November 09 2022. 19:31 IST

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