The Reserve Bank of India (RBI) has increased the repo rate from 5.25% to 5.50%. Retail inflation in August was 4.84% and has been rising due to global and domestic economic factors. These two factors are creating an atmosphere where banks can increase FD interest rates.
If it happens, it will be a great opportunity to invest for investors who have been going through the low-FD interest rate cycle for a long time and want to invest at higher rates.
