Bank fixed deposit, also known as term deposit, is one of the most popular investment products in our country. Bank FDs are preferred by investors of all ages as they are considered safe and can be easily liquidated when needed. In the midst of the Covid pandemic, over the past 2 years Fixed Deposit (FD) investors have seen their returns decline, but things are looking up now. With the Reserve Bank of India (RBI) raising repo rates to rein in rising inflation, banks are also expected to pass the benefits on to customers. Every time policy rates start to rise, banks start raising interest on FD rates.