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

https://img.etimg.com/photo/96217559.cmsA 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?

More...