{"id":4803,"date":"2022-06-09T05:44:24","date_gmt":"2022-06-09T05:44:24","guid":{"rendered":"https:\/\/bankkaro.com\/blog\/?post_type=web-story&#038;p=4803"},"modified":"2022-06-09T10:00:58","modified_gmt":"2022-06-09T10:00:58","slug":"rbi-rate-hike-and-impact","status":"publish","type":"web-story","link":"https:\/\/bankkaro.com\/blog\/web-stories\/rbi-rate-hike-and-impact\/","title":{"rendered":"Explained: RBI Rate Hike and Impact"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Roboto%3Awght%40400%3B700\" rel=\"stylesheet\"\/>\n<style amp-boilerplate=\"\">body{-webkit-animation:-amp-start 8s 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var(--story-page-vw));\n                line-height: 1.4;\n                word-break: break-word;\n                word-wrap: break-word;\n                overflow-wrap: break-word;\n              }\n              <\/style>\n<p><meta name=\"web-stories-replace-head-start\"\/><title>Explained: RBI Rate Hike and Impact<\/title><link rel=\"canonical\" href=\"https:\/\/bankkaro.com\/blog\/?post_type=web-story&amp;p=4803\"\/><meta name=\"web-stories-replace-head-end\"\/><\/head><body><amp-story standalone=\"\" publisher=\"BankKaro Blog\" publisher-logo-src=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/05\/Bk-Story.png\" title=\"Explained: RBI Rate Hike and Impact\" poster-portrait-src=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-towfiqu-barbhuiya-nApaSgkzaxg-unsplash-scaled-1.jpg\"><amp-story-page id=\"b4eae2f0-b7a5-4626-81ad-9db4cbf6bb9b\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-57312a1c-c7bf-4986-89db-3dfce3f3cad5\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:3.8835%;width:74.51456%;height:12.13592%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6514657980456027% 0.6514657980456027% 0.6514657980456027% 0.6514657980456027% \/ 2.666666666666667% 2.666666666666667% 2.666666666666667% 2.666666666666667%\" id=\"el-d9b083ba-0db1-42c4-a8bf-53d7e20eec85\">\n<h2 id=\"explainedrbi-hike-and-impact\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.0944625407166121% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.517799em;line-height:1.19;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">EXPLAINED<\/span><br \/>\n<span style=\"font-weight: 700; color: #fff\">RBI Hike and Impact<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:16.01942%;top:66.99029%;width:67.47573%;height:16.82848%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7194244604316548% 0.7194244604316548% 0.7194244604316548% 0.7194244604316548% \/ 1.9230769230769231% 1.9230769230769231% 1.9230769230769231% 1.9230769230769231%;background-clip:content-box;background-color:#000\" id=\"el-728bc211-be44-4434-9a77-e9f697b3cf00\">\n<h2 id=\"rbi-has-hiked-repo-rate-by-50-basis-points\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.1365782374100717% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.436893em;line-height:1.2;text-align:center;padding:1.4388489208633095% 2.877697841726619%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">RBI has hiked repo rate by 50 basis points<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:89.4822%;width:56.79612%;height:4.04531%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8547008547008548% 0.8547008547008548% 0.8547008547008548% 0.8547008547008548% \/ 8% 8% 8% 8%\" id=\"el-2c255df3-a745-449d-a554-4bcd18e42310\">\n<h3 id=\"find-out-why\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12980769230769268% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.349515em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Find out why&nbsp;<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:50%;top:85.43689%;width:33.25243%;height:11.65049%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" id=\"el-6f728fd2-f8ed-4bbb-864d-3887d5b61b46\"><svg style=\"display:block;position:absolute;top:0;height:100%;width:auto\" viewBox=\"0 0 19 10\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><title>Arrow<\/title><path d=\"M17.9472 5.38801C18.1615 5.17372 18.1615 4.82628 17.9472 4.61199L14.4552 1.11992C14.2409 0.905633 13.8934 0.905633 13.6791 1.11992C13.4649 1.33421 13.4649 1.68165 13.6791 1.89594L16.7832 5L13.6791 8.10406C13.4649 8.31835 13.4649 8.66579 13.6791 8.88008C13.8934 9.09437 14.2409 9.09437 14.4552 8.88008L17.9472 5.38801ZM0 5.54873H17.5592V4.45127H0V5.54873Z\" fill=\"#3A566E\"><\/path><\/svg><\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.32039%;top:27.34628%;width:71.84466%;height:28.64078%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d2b4d7d6-cde6-4d0f-8a89-26b65508a340\">\n<div style=\"position:absolute;width:100%;height:111.57485%;left:0%;top:-5.78742%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-scaled.jpg\" alt=\"\" srcSet=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-4096x2733.jpg 4096w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-3072x2050.jpg 3072w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-scaled.jpg 2560w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-2320x1548.jpg 2320w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-2048x1367.jpg 2048w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-1600x1068.jpg 1600w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-1536x1025.jpg 1536w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-1160x774.jpg 1160w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-1100x734.jpg 1100w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-1024x683.jpg 1024w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-800x534.jpg 800w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-768x513.jpg 768w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-760x507.jpg 760w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-600x400.jpg 600w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-550x367.jpg 550w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-380x254.jpg 380w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-300x200.jpg 300w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/towfiqu-barbhuiya-nApaSgkzaxg-unsplash-150x100.jpg 150w\" sizes=\"(min-width: 1024px) 32vh, 72vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"87be2bcb-b64e-4378-9956-26e3945627a3\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-8f9c79ed-d4ec-4ae0-ad1e-d1ac1b6080a7\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:15.04854%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 2.1505376344086025% 2.1505376344086025% 2.1505376344086025% 2.1505376344086025%;background-clip:content-box;background-color:#000\" id=\"el-11375ae0-d022-4a50-997b-d9163269e890\">\n<h1 id=\"what-has-happened\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">What has happened?<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:36.40777%;width:63.34951%;height:10.5178%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 3.076923076923077% 3.076923076923077% 3.076923076923077% 3.076923076923077%;background-clip:content-box;background-color:#000\" id=\"el-b3f4767c-7068-48e9-aa11-302840fb8783\">\n<h3 id=\"repo-rate-hiked-by-0-5\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12931034482758566% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">Repo rate hiked by 0.5%<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:55.82524%;width:58.25243%;height:10.5178%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 3.076923076923077% 3.076923076923077% 3.076923076923077% 3.076923076923077%;background-clip:content-box;background-color:#000\" id=\"el-97c23f2f-43ba-4c61-a590-4b4efcb4b01e\">\n<h3 id=\"the-new-repo-rate-is-now-4-90\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">The new Repo Rate is now 4.90%<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:77.34628%;width:58.25243%;height:15.21036%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.127659574468085% 2.127659574468085% 2.127659574468085% 2.127659574468085%;background-clip:content-box;background-color:#000\" id=\"el-86243a04-fb90-4c36-87f9-009d2d6a4c0c\">\n<h3 id=\"total-hike-has-been-0-90-in-last-5-weeks\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Total hike has been 0.90% in last 5 weeks<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"cbc082a1-88f5-4ad9-928d-84107732f763\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-1fefcefc-81d9-4be1-ba14-1fe475e58843\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:15.21036%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 2.127659574468085% 2.127659574468085% 2.127659574468085% 2.127659574468085%;background-clip:content-box;background-color:#000\" id=\"el-ed811e1a-d534-4a20-8b7a-c47c510c7395\">\n<h1 id=\"why-has-this-happened\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Why has this happened?<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:36.40777%;width:63.34951%;height:10.67961%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 3.0303030303030303% 3.0303030303030303% 3.0303030303030303% 3.0303030303030303%;background-clip:content-box;background-color:#000\" id=\"el-9c08101c-db81-46af-85ad-7268c67e89d3\">\n<h3 id=\"rbi-expects-inflation-to-stay-above-6\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12931034482758566% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">RBI expects inflation to stay above 6%<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:55.82524%;width:58.25243%;height:15.21036%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.127659574468085% 2.127659574468085% 2.127659574468085% 2.127659574468085%;background-clip:content-box;background-color:#000\" id=\"el-8eaeac22-e400-4d2c-bbe7-d79537c10d38\">\n<h3 id=\"to-cut-rising-inflation-repo-rate-needs-to-be-hiked\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">To cut rising inflation, repo rate needs to be hiked<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:77.34628%;width:58.25243%;height:10.67961%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 3.0303030303030303% 3.0303030303030303% 3.0303030303030303% 3.0303030303030303%;background-clip:content-box;background-color:#000\" id=\"el-f8cb2a62-b4fc-480e-8f22-0c2a96fa98ae\">\n<h3 id=\"the-hike-is-expected-to-cut-money-supply\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">The hike is expected to cut money supply<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"ebb24b47-63ef-4cf9-a5dc-f23608451f60\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-25bf2335-e406-45f5-a5be-156d7bee86e6\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:8.25243%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 3.9215686274509802% 3.9215686274509802% 3.9215686274509802% 3.9215686274509802%;background-clip:content-box;background-color:#000\" id=\"el-21fd6291-a620-460a-b713-2867f5bdddb2\">\n<h1 id=\"consequences\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Consequences<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:34.30421%;width:63.34951%;height:10.67961%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 3.0303030303030303% 3.0303030303030303% 3.0303030303030303% 3.0303030303030303%;background-clip:content-box;background-color:#000\" id=\"el-c5b465d4-d508-41f3-bfb0-598a7aa52a66\">\n<h3 id=\"emis-across-banks-will-rise\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12931034482758566% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">EMIs across banks will rise<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:55.82524%;width:58.25243%;height:15.21036%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.127659574468085% 2.127659574468085% 2.127659574468085% 2.127659574468085%;background-clip:content-box;background-color:#000\" id=\"el-8d24495d-797d-4359-9c9e-2dab0c6035ff\">\n<h3 id=\"inflation-is-expected-to-go-down-in-next-few-quarters\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Inflation is expected to go down in next few quarters<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:77.34628%;width:58.25243%;height:10.67961%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 3.0303030303030303% 3.0303030303030303% 3.0303030303030303% 3.0303030303030303%;background-clip:content-box;background-color:#000\" id=\"el-ecd099fb-7c9c-41ae-ac2f-53d08ca4d43b\">\n<h3 id=\"consumption-in-the-market-could-decline\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Consumption in the market could decline<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"57040913-a58f-47f3-85ce-4da6dfc53ff1\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a4edab9e-8cbb-4a10-835b-7b7f4fcd7143\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 1.4598540145985401% 1.4598540145985401% 1.4598540145985401% 1.4598540145985401%;background-clip:content-box;background-color:#000\" id=\"el-608bfaff-d88f-44dc-8c8e-f135bdf14890\">\n<h1 id=\"how-is-the-inflation-scenario\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">How is the inflation scenario?<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:36.40777%;width:63.34951%;height:10.67961%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 3.0303030303030303% 3.0303030303030303% 3.0303030303030303% 3.0303030303030303%;background-clip:content-box;background-color:#000\" id=\"el-c4eeba7a-b2c1-419a-bc9a-75b2f22d6a00\">\n<h3 id=\"inflation-went-above-10-briefly-this-year\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12931034482758566% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">Inflation went above 10% briefly this year<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:55.82524%;width:58.25243%;height:10.67961%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 3.0303030303030303% 3.0303030303030303% 3.0303030303030303% 3.0303030303030303%;background-clip:content-box;background-color:#000\" id=\"el-920deda9-1d72-4d26-8166-b247cb2ff7ce\">\n<h3 id=\"rbi-maintains-7-2-target-for-2022-23\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">RBI maintains 7.2% target for 2022-23<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:77.34628%;width:58.25243%;height:15.21036%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.127659574468085% 2.127659574468085% 2.127659574468085% 2.127659574468085%;background-clip:content-box;background-color:#000\" id=\"el-9aee99bb-d2f8-43fd-8b24-1d3d0ead18c6\">\n<h3 id=\"global-price-rises-have-affected-indian-inflation\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Global price rises have affected Indian inflation<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"05d33a01-19c5-47e5-a249-9ad3d78a6995\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c9755fa5-5655-4652-ac32-b0f8fb87f5a9\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:18.60841%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 1.7391304347826086% 1.7391304347826086% 1.7391304347826086% 1.7391304347826086%;background-clip:content-box;background-color:#000\" id=\"el-ef3478b6-bf05-438e-a51e-7d83d7c39fde\">\n<h2 id=\"savings-accounts-interest-rates-are-expected-to-rise\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.09472996515679369% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.485437em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Savings Accounts Interest rates are expected to rise<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:58.41424%;width:69.66019%;height:24.27184%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 1.3333333333333335% 1.3333333333333335% 1.3333333333333335% 1.3333333333333335%;background-clip:content-box;background-color:#000\" id=\"el-adc64358-99b3-4f21-bf51-0bd506230d40\">\n<h2 id=\"here-are-the-best-banks-for-savings-accounts-in-india-in-2022\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.09472996515679369% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.485437em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Here are the best banks for savings accounts in India in 2022<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.34951%;top:25.56634%;width:71.1165%;height:28.47896%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-8046c607-b04d-43b8-a92a-c5d66b1154cd\">\n<div style=\"position:absolute;width:112.62798%;height:100%;left:-6.31399%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts.jpg\" alt=\"Best Banks for Savings Accounts in India\" srcSet=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts.jpg 1920w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-1600x853.jpg 1600w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-1536x819.jpg 1536w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-1160x619.jpg 1160w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-1100x587.jpg 1100w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-1024x546.jpg 1024w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-800x427.jpg 800w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-768x410.jpg 768w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-760x405.jpg 760w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-600x320.jpg 600w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-550x293.jpg 550w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-380x203.jpg 380w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-300x160.jpg 300w,https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts-150x80.jpg 150w\" sizes=\"(min-width: 1024px) 32vh, 71vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/06\/best-banks-for-savings-accounts.jpg\"><a href=\"https:\/\/bankkaro.com\/blog\/best-banks-for-savings-accounts-in-india\/4768\/\" rel=\"\">Read more<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"RBI has hiked repo rate by another 50 basis points. What does this mean for inflation and your bank loans? What about savings accounts? Read now.\n","protected":false},"author":2,"featured_media":4829,"template":"","meta":{"web_stories_publisher_logo":3554,"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-4803","web-story","type-web-story","status-publish","has-post-thumbnail","cs-entry","cs-video-wrap"],"story_data":{"version":43,"pages":[{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"57312a1c-c7bf-4986-89db-3dfce3f3cad5"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Roboto","weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[0,300],[0,400],[0,500],[0,700],[0,900],[1,100],[1,300],[1,400],[1,500],[1,700],[1,900]],"fallbacks":["Helvetica 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Impact<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":53,"y":24,"width":307,"height":75,"scale":100,"focalX":50,"focalY":50,"id":"d9b083ba-0db1-42c4-a8bf-53d7e20eec85"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"FILL","font":{"family":"Roboto","weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[0,300],[0,400],[0,500],[0,700],[0,900],[1,100],[1,300],[1,400],[1,500],[1,700],[1,900]],"fallbacks":["Helvetica 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points<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":66,"y":414,"width":278,"height":104,"scale":100,"focalX":50,"focalY":50,"id":"728bc211-be44-4434-9a77-e9f697b3cf00"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Roboto","weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[0,300],[0,400],[0,500],[0,700],[0,900],[1,100],[1,300],[1,400],[1,500],[1,700],[1,900]],"fallbacks":["Helvetica 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rise<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":61,"y":16,"width":287,"height":115,"scale":100,"focalX":50,"focalY":50,"basedOn":"608bfaff-d88f-44dc-8c8e-f135bdf14890","id":"ef3478b6-bf05-438e-a51e-7d83d7c39fde"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"FILL","font":{"family":"Roboto","weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[0,300],[0,400],[0,500],[0,700],[0,900],[1,100],[1,300],[1,400],[1,500],[1,700],[1,900]],"fallbacks":["Helvetica 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