Banks have been increasing fixed deposit or FD rates after a series of rate hikes by the RBI. Now, the central bank has signalled that deposit rates could go up further amid competition between banks for share of deposits.source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-fixed-deposit-fd-interest-rates-could-go-up-further-signals-rbi/articleshow/98878406.cms
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