Bank FD Rates have peaked now. CRR down from 4.5% to 4%

[SSV]

RBI' MPC decided that CRR to be cut by 50 basis point from 4.5% to 4% ..
CRR= Cash Reserve Ratio .. ( the cash that need to be kept as a reserve which could not be available for lending )..

This redcution in CRR means the banks now have more funds ( liquidity) for lending from their deposits.. means Banks dont need to pay more interest to get more deposits..

Means: FD rates have peaked .. Book your FDs now for the maximum FD rate.. FD rates may go dwon in future..
An official Repo rate cut is on the cards for Feb meeting ...

All the best ..

 

[Vickymaster1010]

good i booked via stable money at 9.1 % i am happy and blessed

 

[sunit123]

Corporate are happy...They will get loan at lower rates which they might not to repay

 

[desiviru]

FD rates will come down as was assumed some 6 months ago...
So, All prospective FD investors act now to get better rates..

PL borrowers, wait for a few weeks to get cheaper loans..

RBI Cuts Repo Rate By 50 Basis Points: What It Means For Loan EMIs

The Reserve Bank of India (RBI) has slashed its key lending rate, or the repo rate, by 50 basis points to 5.5% as inflation softens within its comfort level.

www.ndtv.com

Went with 3 years term till March 2025 for all FDs that were renwed, although was 0.25% low then other special term FDs.

After 2 years it will start increasing again. So took a longer term view.

Wasn't expecting any cut today but 0.50% is a shock to me too. 🙁 Will shift 25% to equity market but only when I see it good to invest.

 

[Vickymaster1010]

Went with 3 years term till March 2025 for all FDs that were renwed, although was 0.25% low then other special term FDs.

After 2 years it will start increasing again. So took a longer term view.

Wasn't expecting any cut today but 0.50% is a shock to me too. 🙁 Will shift 25% to equity market but only when I see it good to invest.

crntly whats the best to invest 20 lakh in gold , equity proporty with loan or fd?

 

[SSV]

crntly whats the best to invest 20 lakh in gold , equity proporty with loan or fd?

Why can’t be a balanced portfolio …

 

[desiviru]

crntly whats the best to invest 20 lakh in gold , equity proporty with loan or fd?

Property with loan will be good but not now. Wait for it to fall another 25-50 basis pts.

Till then divide the investment in FD and gold when comes to say 88-90L levels and book everytime it is near 1L no matter in 15-20 days or 2-3 months.

FD with SFB still a good option as interest rates are higher upto 1.25-1.75%. Keep it short term say 6-9 months. And then move to property using this money and loan. Also have clear mind on whether this property will be for investment purpose only or not. Because changing your mind later will result in untimely losses.

 

[Vickymaster1010]

Property with loan will be good but not now. Wait for it to fall another 25-50 basis pts.

Till then divide the investment in FD and gold when comes to say 88-90L levels and book everytime it is near 1L no matter in 15-20 days or 2-3 months.

FD with SFB still a good option as interest rates are higher upto 1.25-1.75%. Keep it short term say 6-9 months. And then move to property using this money and loan. Also have clear mind on whether this property will be for investment purpose only or not. Because changing your mind later will result in untimely losses.

best location to invest in prorpty ,. looking for investment only how is vasai or kharghar?