Look at short term bank fixed deposit interest rates after recent policy rate hike

Recent repo rate hike of 25 basis points by the RBI in the monetary policy review on October 29th has fared well for the short-term fixed deposits. Investors with shorter investment horizon and in lower income tax bracket can bet on this safe instrument and earn higher returns by some margin of 25-125 basis points ( 1 basis point is 1/100th of a percentage point).

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