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In pics | RBI cuts repo rates: See these high FD rates before banks cut them
May 22, 2020 | By Moneycontrol.com
business
The move came in the wake of COVID-19 related relief measure. Banks all set to drop FD rates as RBI cuts interest rates. (Disclaimer: For each year range, the maximum offered interest rate is considered; interest rate is for a normal fixed deposit amount belo…
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On May 22, RBI Governor Shaktikanta Das announced 40 basis points cut in repo rate to 4 percent. It is the rate at which the RBI lends funds to commercial banks. The move came in the wake of COVID-19-related relief measures. Banks all set to drop FD rates as
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