In preparation for a potential rate cut during the upcoming Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting in April, financial experts advise investors to consider investing before March 31, 2025, to take advantage of higher interest rates.

Following the RBI's recent rate cut of 0.25% or 25 basis points in February, experts anticipate another rate cut around mid-2025, contingent upon inflation data, the US Federal Reserve's rate decision, and various global factors. 

According to a report from HDFC Mutual Fund, the RBI is expected to continue reducing the repo rate due to potential headwinds facing economic growth and the likelihood of inflation falling within the central bank's target range. The report also noted that there is a risk of global growth momentum slowing, especially with signs of softening economic conditions in the US.

Manish Banthia, CIO of Fixed Income at ICICI Prudential AMC, also anticipates that the Reserve Bank of India (RBI) will implement two more interest rate cuts to stimulate the Indian economy.

State Bank of India (SBI) and HDFC Bank are set to close their special fixed deposit schemes on March 31, 2025, which they had declared earlier. These schemes offer higher interest rates compared to the standard fixed deposits available for similar tenures at these banks. Investors looking to benefit from these elevated rates need to apply before the deadline. Both banks have made details about these special offerings available on their respective websites, highlighting the opportunity for investors to maximise their savings during this period.