6 Points
Joined September 2016
All financial factors are related to one another. If one factor is changed, all other percentages automatically get affected. If the home loan interest rate is lowered by 2-3% per annum, it indicates that inflation has increased.
So to control the situation RBI will increase the repo rate (the rate at which banks borrow money from RBI). This in turn, will force the banks to reduce the fixed deposit interest rate.
So, if you have to pay less interest rate at home loan, you will also get less interest in fixed deposit.