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5 ways to beat the sharp cut in FD rates
Rediff.com

5 ways to beat the sharp cut in FD rates

Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline.Investors should lock into instruments offering higher returns, reports Sanjay Kumar Singh.Illustration: Uttam Ghosh/Rediff.com Being flush with liquidity and having limited avenues to deploy their funds, banks have begun to cut deposit rates. The State Bank of India, ICICI Bank and HDFC Bank, among others, have reduced fixed deposit rates by 15 to 25 basis points (bps) for retail ... Rediff.com, 2 months ago

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