New Delhi, Feb. 7 -- As the Reserve Bank of India's (RBI) monetary policy committee (MPC)cut repo rateby 25 basis points on Friday, it is seen as the start of interest rate cut cycle. Typically, a cut in repo rate is followed by a similar decline ininterest levied on loans as well as interest rates offered on deposit rates.

So, those depositors who are looking to lock their money into fixed deposits (FDs) may consider the current rates as the highest they would see in the near future. With a cut expected in interest rates on fixed deposits in the near future, you may want toopen a new FD before the revised interest rates see a dive.

"Fixed deposits are one of the most favourite investment products for retail investors because of their a...