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is there any expect of raise in the interest rates on fixed deposits in the next budget 2010-2011
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i want to deposit my sale proceedings of Rs.900000. some people are telling that after march 31st of 2010 there may be increase of interest in the banks.
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In
Fixed Deposits
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Asked by ch.satyanarayana murthy -
2 years ago
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Best Answer:
At present banks are not going to raise interest rates of fixed deposits and most probably lending rates also. Everybody is looking at RBI CRR in case to control inflation RBI increases CRR then banks might raise lending as well as interest rates of fixed deposit but for now before budget banks are not planning to raise fixed deposit rates. To know which bank is offering Best FD rates check it on rupeetimes.com.
2 years ago - By Tommy
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