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Begin locking into best FD rates available, take limited exposure to SFBs

Since predicting peak rate is impossible, deploy in tranches over the next few months

Topics
Fixed Deposit

Sanjay Kumar Singh 



banks, bank rate cuts, lending rates, deposits, savings, investment, schemes, shares, insurance

With credit growth expected to pick up during the festive season, banks, which until now have been slow to hike their (FD) rates, are now wooing depositors with better rates. Many of them, like State Bank of India, Bank of Baroda, Canara Bank, etc. have announced branded schemes (Utsav, Tiranga, and so on) for specific tenures.

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First Published: Tue, August 23 2022. 23:40 IST

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