SENSEX
NIFTY
GOLD
USD/INR

Weather

image 29    C

Personal Finance News

The Economic Times

Personal Finance / The Economic Times

details

Will fixed deposit interest rates go up in October as inflation rises?

Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of possible interest rate hikes by the Reserve Bank of India. This inflation surge is pressuring banks to elevate fixed deposit interest rates amidst fierce competition from government securities and appealing returns from small savings schemes. Future adjustments in fixed deposit rates will largely hinge on ongoing inflation trends and RBI policies.

15 Sep 2026 5:08 pm