Скачать или смотреть RBI Repo Rate Cut: Home Loan EMIs, FD Returns to Change? Here’s What You Need to Know

RBI Repo Rate Cut: In a surprise move, the Reserve Bank of India (RBI) on Friday announced a 50 basis points (bps) cut in the repo rate, bringing it down to 5.50%.

The announcement came after the conclusion of the three-day RBI Monetary Policy Committee (MPC) meeting, with RBI Governor Sanjay Malhotra declaring the larger-than-expected rate cut. According to tax and investment experts, this move will have a direct impact on fresh home loan borrowers and fixed deposit (FD) investors.

They noted that if banks pass on the rate cut to customers, new home loan borrowers could see their monthly EMIs fall by around ₹2,000 on a ₹40 lakh loan over 20 years. However, the flip side is that bank FD returns may decline across tenors, as lower interest rates typically lead to reduced deposit yields.

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