March effect

March effect
 n.β€” Β«The move to garner more deposits by offering up to double-digit rates this month is primarily because it is the end of this financial year when banks try to meet their annual fund targets. This, the industry calls the β€œMarch effect.”Β» β€”β€œApril may see end of interest splash for FDs” by Deepti Bhaskaran Indian Express (New Delhi, India) Mar. 22, 2007. (source: Double-Tongued Dictionary)

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