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01 Jul 2022, 17:33

Bank FDs will draw down from mutual funds if interest rates go up to 7.5-8%, says report

Bank FDs will draw down from mutual funds if interest rates go up to 7.5-8%, says report

Bank FDs will draw down from mutual funds if interest rates go up to 7.5-8%, says report

If banks raise interest rates on fixed deposits to 7.5-8%, there could be a flight to these products from mutual funds, Motilal Oswal Financial Services said in a report. In a report on mutual funds, it noted that equity flows are muted while the debt outlook is positive. Over the past couple of months, a few major trends have emerged, including absence of NFOs, because of the regulations, decline in AUM, sustained high outflows from the debt segment and decline in new SIP account openings, the report said.

Bank holidays in July 2022
BI India Bureau
30 Jun 2022, 11:00

Bank holidays in July 2022

Finance and financial planning is important in everyone’s life. When it comes to managing finances, banks plan an important role in our personal and professional lives. We depend on banks for several important functions like maintaining accounts, loans, deposits, safety lockers, money transfers and several others.

SBI, ICICI Bank, HDFC Bank and others hike fixed deposit interest rates – check out the latest FD interest rates
Rounak Jain
22 Jun 2022, 16:59

SBI, ICICI Bank, HDFC Bank and others hike fixed deposit interest rates – check out the latest FD interest rates

FD interest rates have been hiked by most of the banks, including SBI, ICICI Bank, HDFC Bank and others. This is the second FD interest rate hike, after the RBI increased interest rates twice in the last one month. Check out the latest FD interest rates in India in 2022.