When it comes to investing in India, bank fixed deposits (FDs) continue to be the most popular investment option. The fixed deposit (FD) interest rates have been rising since May 2022. Not only salaried class, or senior citizens, even millennials are in investing in term deposits. Watch Business Today s Visual Story on the latest FD rates and best schemes available.
Fixed Deposit Rates 2022: For the Yes Bank, the new rates came into effect on November 3 and for the ICICI Bank, the new rates came into effect today for deposits between Rs 2 crore to Rs 5 crore while the interest rates for deposits below Rs 2 crore were revised with effect from October 29.