High FD Interest Rates Explained
Fixed Deposit Rates on the Rise: Should You Lock in Now? If you?ve been looking to invest in fixed deposits but are reluctant to do so due to the lower interest returns, then here?s some news for you! Many banks are offering high interest rates of 7-9 per cent per annum on FDs for various tenures. However, the rates are expected to drop in the second half of 2024! So, it seems the right time to lock-in some amount and safeguard its interest. But is it really so?
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