Indian state-run companies are set to borrow nearly $2 billion via the bond market early next week after the central bank cut interest rates for the first time in nearly five years. Four state-run firms REC,

"Locking in an FD means securing a fixed interest rate for a specific period. Once invested, the money cannot be withdrawn before maturity without a penalty. This ensures the investor continues to earn the agreed rate, even if interest rates drop in the future," said Shetty.