How you can use FD laddering for Rs 10 lakh investment after RBI raises repo rate
The Reserve Bank of India raised the repo rate from 5.25% to 5.50%, prompting banks to potentially increase fixed deposit (FD) interest rates. Investors are advised to use FD laddering, a strategy where they divide a large investment into multiple FDs with staggered maturities, allowing reinvestment at higher rates as each matures. This method enhances returns and maintains liquidity.