Banks, which have recently raised their term deposit interest rates, include Bank of Baroda (BOB), State Bank of India (SBI), DCB Bank, HDFC Bank, ICICI Bank, and Axis Bank.
Bank of Baroda has hiked fixed deposit interest rates from 10 basis points (bps) to up to 125 bps on various maturity buckets. These rates are applicable on deposits below Rs 2 crore and effective from December 29, 2023.
Bandhan Bank s INSPIRE program provides an annual interest rate of up to 8.35% on fixed deposits, along with an improved banking experience and healthcare benefits.