New Delhi, Aug. 1 -- The recent increase in fixed deposit (FD) rates has certainly made things more complicated. Investors are reassessing their FD investment strategies, uncertain whether to keep their money in place or withdraw it to take advantage of higher rates and reinvest for a longer term.

The range of options available and the FD rates' tendency to fluctuate underscore the necessity for investors to conduct thorough due diligence. It is essential to consistently compare FD rates offered by various banks to get the best offers. There are different tenures to choose from, so make sure your selection fits your investment horizon. Senior citizens can also benefit from higher interest rates offered by many banks, so you should take a...