The Indian economy is likely to experience recession by the financial year 2020 along with the rest of the world, as predicted by the International Monetary Fund. With quarterly growth reports at 4.5% between June-September, lowest in six years, the RBI has implemented five successive repo-rate cuts in the year of 2019 to revive the growth rate of the country, currently standing at 5.15%. Such repo rate cuts are known to have a direct effect on the fixed deposit schemes under the new repo-linked regime, wherein total interest returns are…
Read MoreWhich FD Schemes Provide Highest Interest Rates in India 2020?
