New Delhi, Dec. 16 -- With significant easing in inflation and expectations of it remaining softer than projected earlier, the Reserve Bank of India (RBI) cut the repo rate by 25 basis points (bps) to 5.25% in its 5 December policy meeting. With this, the repo rate is down by 125bps in 2025, from 6.50% in January to 5.25% now.

Keeping pace with this, banks have slashed their deposit rates across several tenures during this period. Over the last year, a vast majority of banks have introduced rate cuts of 15bps to 125bps on their 1- to 3-year fixed deposits (FDs) as per BankBazaar.com data. Interest rates on small savings schemes have, however, remained unchanged since January 2024.

Here we highlight a few debt products, some for parking ...