fixed deposits

With the RBI reducing repo rates, fixed deposit interest rates are expected to fall. Experts advise investors to act quickly and lock in higher rates, especially in longer-term FDs, to maximize returns before further reductions occur.

Bank of Baroda has replaced its BOB Utsav fixed deposit with the new 'bob Square Drive Deposit Scheme,' featuring revised interest rates. The 444-day scheme offers 7.15% to the general public, with higher rates for senior and super senior citizens, reaching 7.80% for non-callable deposits.

Despite RBI's repo rate cuts, deposit rates remain high, impacting banks' cost of funds. While home loan borrowers benefit, depositors see limited gains due to investor shifts and liquidity pressures. Experts anticipate further repo rate cuts, but transmission to deposit rates will be gradual, influenced by banks' liquidity coverage and policy stance.

Following the RBI's rate cut, SBI has reduced its lending rates by 25 basis points, effective April 15, 2025, to boost economic growth. The RLLR is now 8.25%, and EBLR is 8.65%. Deposit rates have also been trimmed.

The Reserve Bank of India (RBI) has further reduced the repo rate to 6% following the first Monetary Policy Committee meeting of FY26. This second consecutive rate cut aims to control inflation, encourage borrowing, and manage liquidity amid global economic uncertainties. Consequently, loan EMIs could decrease, while fixed deposit returns might also see a reduction.

April 18th promises a day brimming with fulfillment and positive energy, fueled by favorable planetary alignments. Career aspirations may materialize, fostering pride in past endeavors. Social connections will flourish, potentially leading to invitations and collaborations. Romantic relationships will deepen through heartfelt conversations, while singles might encounter a promising connection.

Tomorrow brings emotional support and heightened romance, especially within your close relationships. Focus on heartfelt conversations, but be mindful of your words to avoid unintentionally hurting others, particularly women. Students will find improved focus, while business owners may encounter promising partnerships. Prioritize financial planning and healthy habits for overall well-being.