Money parked in fixed deposits (FDs) rose by Rs 6.1 lakh crore during the period April to July 3, twice the amount recorded during the same period in 2019-20. In the same period last year, banks had recorded fresh FDs worth Rs 3 lakh crore.
In this edition of Business Insight, find out what the shift towards FDs could mean.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
