Sub-7 day fixed deposits soon? Here’s what RBI has asked banks to consider
The Reserve Bank of India is exploring the possibility of allowing banks to offer fixed deposits with tenures shorter than seven days, seeking feedback from banks by the end of the month. This move aims to boost deposit attractiveness and liquidity amid declining deposit growth.
The Reserve Bank of India is exploring the possibility of allowing banks to offer fixed deposits with tenures shorter than seven days, seeking feedback from banks by the end of the month. This move aims to boost deposit attractiveness and liquidity amid declining deposit growth. What's Your Reaction?
