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Fixed deposit rates inch up at small finance banks

One-year deposits now pay up to 7.6 percent in our fictional table.

A desk with a laptop and a calculator
Stock photograph used as an illustration; it does not show the place, event or people in the story. Photo: Photo: AnonymousUnknown via Wikimedia Commons (CC0-1.0)

Key points

  • One-year deposits now pay up to 7.6 percent in our fictional table.
  • Who is affected first, and how.
  • What to watch for next.

People we spoke to welcomed the news but asked for clear timelines and regular updates.

What happens next

Officials said a public feedback window will stay open for 15 days.

Also read: Explained: the new tax regime vs the old, with three salaries

This is a demo story: every name, place, organisation and figure in it is fictional.

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