Скачать или смотреть Repo rates and FD interest rates explained

The repo rate is the rate at which the Reserve Bank of India (RBI) lends to commercial banks. When the RBI raises the repo rate, banks often increase FD interest rates to attract more deposits. Conversely, when the repo rate goes down, FD rates generally follow the trend. However, Fixed Deposits that are already booked at a fixed rate will not change mid-term, regardless of repo rate fluctuations.



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