Should you invest in Yes Bank’s new floating rate FD? - Economic Times

Savers will now be able to fetch returns in line with the changes in the central banks policy rate at all times. As the repo rate climbs upward, FD investors will also fetch higher return equivalent to the hike by RBI.

Last week, announced the launch of a floating rate fixed deposit, which will offer interest rate pegged to the prevailing Repo rate. For a deposit tenure between 12 to 18 months, the FD will offer a … [+3072 chars]

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