Good news for investors! Fixed deposit rates expected to remain high - here’s why your FD may pay higher for longer time

FD rates: Analysts predict that deposit rates in India will stay elevated due to strong credit growth, tight liquidity, and fierce competition for funds. State Bank of India and Kotak Mahindra Bank have raised their fixed deposit rates, while DCB Bank has increased rates on certain tenures. Banks are compelled to increase deposit rates due to tightened liquidity and increased competition for deposits.