Now bank FDs are offering over 9% return, is it time to break your old low-interest FD and reinvest?

[IndiaInsurance]

https://img.etimg.com/photo/96217559.cms (https://economictimes.indiatimes.com/wealth/invest/now-bank-fds-are-offering-over-9-return-is-it-time-to-break-your-old-low-interest-fd-and-reinvest/articleshow/96217559.cms)A whopping 225 basis points repo rate hike by the Reserve Bank of India (RBI) in the last seven months has added the much-needed zing to this safe investment instrument. A senior citizen might even earn 7.25-9.26 per cent by picking the right bank fixed deposit. So, is this the time to break your old low-interest rate FDs and reinvest in higher yielding deposits?

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