When will breaking your FD to reinvest be profitable for you? Find out here

[IndiaInsurance]

https://img.etimg.com/photo/96417463.cms (https://economictimes.indiatimes.com/wealth/invest/when-will-breaking-your-fd-to-reinvest-be-profitable-for-you-find-out-here/articleshow/96417463.cms) Only eight months back depositors had no option but to book their FDs at the lowest interest rates seen in the last two decades. For existing depositors it could be quite a tempting proposition to withdraw an FD and deposit the money with a bank offering a higher interest rate. Should you break all the old fixed deposits and rebook a new one at higher interest rates?

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