In recent times various private and public sector banks have revised the fixed deposit interest rates downwards
Interest rate risk comes in when you lock in at a lower interest for a 5-year tax saving FD.
Fixed deposits: Interest rates on FDs are almost always higher than savings accounts
Small finance banks can undertake all basic banking activities including lending and taking deposits
During the pandemic, even the most well-placed financial plans went for a toss amid lay-offs and medical crisis