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    QONEQT in India

    31-Oct-2022 09:36 AM


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    IDFC First Bank, RBL Bank, Union Bank of India and Canara Bank offer more than 7% interest rate on FDs

    Banks have been raising interest rates on fixed deposits (FDs) and savings accounts since May 2022, following consecutive repo rate hikes by the Reserve Bank of India (RBI).
    RBL Bank For FDs with a 15-month maturity date, RBL Bank pays 7 per cent interest to all customers.
    Senior citizens will receive a rate of 7.50 per cent on this tenor.
    For 750-day fixed deposits, the bank offers 7.25 per cent to general customers and 7.75 per cent to senior citizens.
    Canara Bank Canara Bank has introduced a special 666-day fixed deposit plan.
    Source: BusinessToday
    #FixedDeposit