HDFC, Bajaj Finance raise deposit rates on select maturities

Returns have been raised 10-25 basis points, reflecting a surge in credit demand amid early signs of revival in private capital expenditure. Financial planners believe fixed deposit investors should build a ladder allocating one third to low tenure deposits of 1-2 years and the balance to 3-5 years tenure and not wait for deposit rates to peak. One basis point is 0.01%.

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