Business1 hour ago
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RBI Changes Fixed Deposit Rules: Impact on Interest Rates Explained
RBI's new rules on fixed deposits may affect interest rates for customers. Banks can now offer differential rates on bulk deposits based on liquidity risk. This change under the Liquidity Coverage Ratio (LCR) framework raises questions about how it will influence individual fixed deposit rates. Stay informed on how these adjustments could impact your savings strategy.
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"Looks like it's time to rethink your savings strategy!"
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