Better FD rates coming hold on
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Rbi Just announced meeting on 3rd nov
Instead of waiting till Dec meeting they announced this so obviously they will increase repo rate again, very unexpected move
https://www.livemint.com/news/india/rbi-schedul...
Last time (may 2022) they did this we saw a 1.4% hike in 3 months
We can see above 6.5% repo rate before ending of 2022 now!! FD rates will follow!!
Instead of waiting till Dec meeting they announced this so obviously they will increase repo rate again, very unexpected move
https://www.livemint.com/news/india/rbi-schedul...
Last time (may 2022) they did this we saw a 1.4% hike in 3 months
We can see above 6.5% repo rate before ending of 2022 now!! FD rates will follow!!
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https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793680
Buy tech stocks on NYSE, most stocks will tank to extreme low levels 😄
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793692
Naah.
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https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793713
Slightest of chance of getting pre approved hdfc millenia cc if someone opens a fd of one lakh plus in their bank if he is a non hdfc customer?
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793725
Yes probably
Better to keep it in savings acc, millennia cc will get pre approved in 2-3 months
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https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793821
i guess wait till it touches 8% and prefer stable banks for 5-6 y atleast no tension
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793853
Nowadays like pre covid times, short term (2-3 year) FDs are gaining more interest.
Which means banks are not wanting to commit long term with their best rates.
eg.
Indusind had their best rates for 5 years FDs. Now they have for 2 years FD.
HDFC had their best for 5 yrs +, now 3-5 yrs has the best rates.
several other examples are there.
Which means banks are not wanting to commit long term with their best rates.
eg.
Indusind had their best rates for 5 years FDs. Now they have for 2 years FD.
HDFC had their best for 5 yrs +, now 3-5 yrs has the best rates.
several other examples are there.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793881
Home loan EMI fir mehngi 😡
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8794276
I intend to reinvest some FD maturities around December. Should I wait till December last week or do it in the first week itself? What's the suggestion?
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8794289
Hard to say banks increasing rates really slowly, even if u wait 2-3 wks getting more interest is totally ur luck/bank dependent, best would be wait 6-7months in short term fds/savings/debt funds and then invest when rates r higher finally
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https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8809711
Today's RBI Monetary Policy Committee meeting was to discuss report to be submitted to Govt for not able to control inflation. Their regular bi-monthly meeting is scheduled from 5th to 7th Dec. (For change in repo rate) so no increase in repo rate today.
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Axis, SBI, HDFC all offering 6.1% for 1 year FD🤣.