By IndiaHub 
In order to benefit from the higher current rates, investors who want to optimise their interest income from fixed deposits, particularly senior citizens, should think about investing in FDs before June 1, 2025. Even the most competitive rates will yield less profits following the change.
It is important to note that the Reserve Bank of India (RBI) will announce the Monetary Policy Committee (MPC) announcement on June 6, 2025. In the previous two MPC meets, the RBI reduced the repo rate by 25 basis points each time.