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It's been more than 22 months since the repo rate was last changed, when it was cut to 4% on May 22, 2020, the lowest level since April 2001

RBI raises Interest rate, repo rate jumps from 4% to 4.40%, Higher EMI rate; Sensex dropped 900 points

Senior citizens are often looking for a risk-averse way to park their retirement funds. Thus, they often shy away from stock market, real estate, and other such investment options that may provide higher returns but nothing is guaranteed in these. Then, there are fixed deposits (FDs) which, in general, barely beat the inflation. However, senior citizens may not need to worry much about their FD rate of interest.

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RBI raises Interest rate, repo rate jumps from 4% to 4.40%, Higher EMI rate; Sensex dropped 900 points

Senior citizen? Investing in FD? HDFC Bank special FD scheme extended