In this edition of Business Insight, find out if fall in fixed deposits (FD) and savings account interest rates is moving to the negative territory.
Since March, the Reserve Bank of India (RBI) has cut the repo rate by 115 basis points, which has led to lower deposit rates.
This has resulted in banks’ fixed deposits losing their shine. A spike in consumer inflation and the sharp drop in bank deposit rates means your real return on FDs are negative.
In this edition of Business Insight, find out if the fall in fixed deposits (FD) and savings account interest rates is moving into negative territory.First Published on Jul 16, 2020 10:06 pm
