Fixed deposits (FDs) currently offer attractive returns. SBM Bank offers 8.25 percent for a deposit period of 3 years and 2 days. RBL offers 8.1 percent on deposits with a term of 18 to 24 months. Unity Small Finance Bank offers as much as 9 percent over 1,001 days.
Experts say that even though interest rates are at an all-time high, the party may end soon.
Anshul Gupta, co-founder and chief investment officer of Wint Wealth, said: “FD rates are close to the peak and are expected to decline a few quarters later.”
In short: this is the best time to come
First print: February 14, 2024 | 8:05 PM IST