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Last Updated : Aug 03, 2020 07:12 PM IST | Source: Moneycontrol.com

Business Insight | Why are bank FDs surging despite falling rates?

In this edition of Business Insight, find out what the shift towards FDs could mean.

Money parked in fixed deposits (FDs) rose by Rs 6.1 lakh crore during the period April to July 3, twice the amount recorded during the same period in 2019-20. In the same period last year, banks had recorded fresh FDs worth Rs 3 lakh crore.

In this edition of Business Insight, find out what the shift towards FDs could mean.
First Published on Aug 3, 2020 07:12 pm
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