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

Karthik Jerome
Last Updated at November 10, 2022 19:04 IST

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 fixed deposit (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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