For a person who is not in any immediate requirement of funds can make the most of the moment by investing his savings under fixed deposits scheme. The facility of fixed deposits is available with almost all the banks and at this point of time all of them are offering lucrative deposit schemes.
As a effect of the monetary policy of Reserve Bank of India which it has adopted to rein in the inflation by increasing the policy rates at regular intervals that has prompted the lenders to increase their lending rates due to which there has been a dip in the number of new borrowers applying for loan.
In order to arrange for the much required funds banks are offering increased rates on the term deposits facility to lure customer. This is the best time for people who believe in risk free investing as there is no risk involved to the investments made under this facility plus an investor can avail maximum possible rates.
The rates are at their all time high which had provided a perfect platform for the people to maximize their savings.
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