FD and RD interest rates
This query is : Resolved
12 December 2019
Hello,
Will the rates of FD and RD change from time to time?
Will the rates of FD and RD change from time to time?
14 December 2019
YES IT CHANGES AS PER RBI GUIDELINES
14 December 2019
Now suppose i took an FD on 1/06/2016 when the interest rates are 7% and after then RBI increased int rate to 8%,will this new rate be applicable or else i will get interest as per old rate(7%)?
15 December 2019
7%,because revised rates applies prospectively.
30 December 2019
yes..................
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