Will bank FD rates increase in 2021-22? What do you think?
Yes, in fact, some banks have already started increasing their rates. This is good news for senior citizens looking for safety and income from their capital.
According to various news sources, i.e The Economic Times, the Governor of Reserve Bank of India, Shri Shashi kanta Das in a monthly monetary policy meeting proclaimed that the repo rates as well as the reverse repo rates will be unchanged and the rates remained at 4% and 3.35% respectively and it has been more than 20 months since the last change.
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I think that the rate hike trend will continue. Personally, I think that this is due to rising inflation and the fall of the world economy