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Why this is not the time to take on very long-term fixed deposit investment

For periods longer than 3 years, it is a good idea to explore debt mutual funds that offer indexation benefits and lower the tax outgo

Bindisha Sarang and Sanjay Kumar Singh |Business Standard | Mumbai and New Delhi
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Why this is not the time to take on very long-term fixed deposit investment

6 min read Last Updated : Oct 16 2022 | 8:02 PM IST
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Banks have raised their fixed deposit (FD) interest rates following the central bank's 190 basis point increase in the repo rate since May. Retail inflation in the country was at a five-month high at

Topics :Fixed Depositfixed deposit ratesPersonal Finance Mutual FundsRBI repo rateInterest rate hikeinterest rateBanksRupeeMPCConsumer Price Index

First Published: Oct 14 2022 | 5:29 PM IST

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