Finance
Sock JohnsonRBI Repo Rate Holds: Fixed Deposits Ready to Rock Hard
Listen up, folks! The Reserve Bank of India just dropped the repo rate to 5.25 percent, keeping those fixed deposit rates hotter than a championship belt! Small finance banks are flexing with rates up to 7.9 percent! But don’t just chase the shiny gold—check that deposit insurance and penalties, or The Rock will lay the smackdown on your finances!
few days ago | Amit Kumar
Quick rundown
1.RBI keeps repo rate steady at 5.25%.
2.FD rates remain high across banks.
3.Small finance banks offer top FD rates.
4.Public sector banks have lower FD rates.
5.Review bank's credit profile before investing.
