RBI Rate Cut: What It Means for Your FD Returns and Taxes
The Reserve Bank of India (RBI) recently trimmed the repo rate by 50 basis points, bringing it down to 5.50%. This move is designed to inject vitality into the economy amidst cooling inflation. While good news for borrowers, it has distinct implications for your Fixed Deposit (FD) returns and the tax you’ll owe on that … Read more