This hints at the bottoming out of rates and investors need to prepare their strategy to make the most out of this.įD Rate Hike: Good News for New Investors? Thankfully, there have been small hikes recently in the FD rates of some financial institutions, including the national banks like the State Bank of India and HDFC. Currently, the repo rate is at a historic low of 4 per cent, which has not changed since May 2020. Fixed deposit (FD) interest rates significantly dropped during the last three years.
