
With FD interest rates on a downswing, is this the right time to switch to small savings schemes? | Mint
Source: Live Mint Soon after the Reserve Bank of India (RBI) cut its repo rate by 50 basis points, most banks have followed suit by cutting interest rates on their fixed deposits (FDs). Now most banks offer anywhere between 6.25 to 6.5 percent per annum on their term deposits. This is enough to prompt investors…