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Good Time To Lock In Your FD Rate
RBI will pull ₹1 lakh crore out of the banking system in three rounds starting September 17. Less cash in the system usually means banks raise FD rates and go slow on loan rate cuts — so timing matters.
RBI is about to pull ₹1 lakh crore of cash out of the banking system over the next two weeks.
When banks have less cash to lend, they usually raise FD rates to attract deposits — and go slow on cutting loan rates.
The first ₹50,000 crore round starts September 17, with two more on September 21 and 28.
Nothing dramatic here — just a quiet move worth knowing about before your next bank visit.
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