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7 Banks Have Revised Interest Rates On Fixed Deposits This Week: Learn More

7 Banks Have Revised Interest Rates On Fixed Deposits This Week: Learn More
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Punjab sind bankCanara bankKarnataka bankReserve bankMonsoon deposit

Up to 7 75% FD interest rate: Bank of India revises fixed deposit rates

After the revision, the bank offers interest rates between 3% and 7.25% for tenures ranging from 7 days to 10 years for general citizens.

Monsoon depositSuper seniorSuper senior citizensBank of indiaFd interest rateBank of india latest fd interest ratesFixed deposit ratesFixed deposit interest rates

FD interest rate up to 8 25%: These 6 banks have revised fixed deposits in October 2023

Many banks, including HDFC Bank, IDBI Bank IndusInd Bank, Punjab & Sindh Bank have revised FD interest rates ahead of the Reserve Bank of Indias (RBI) Monetary Policy Committee (MPC) meeting on October 4-6, 2023. Let us take a look at the six banks that have revised their FD interest rates so far in October.

Karnataka bankFirst bankPunjab sindh bankMonetary policy committeeIndusind bankBank indusindSindh bankReserve bankSenior citizen ratesMonsoon depositInd bankTax saver schemeHdfc bankFd interest rateFixed depositsFixed deposit interest rate

Should FD investors wait or book their FDs now as RBI holds repo rate?

RBI has decided to hold the policy repo rate for the third consecutive time in its monetary policy meeting held on August 10. Prior to this the central bank had raised the repo rate by 2.5% since 2022 however banks were yet to transmit the full hike to fixed deposit investors when interest rate cycle seems to be taking a turn. What should FD investors do now?

Anshul guptaAxis bankIndusind bankReserve bankInd bankMonsoon depositChief investment officerFd investmentRbi mpcFd rateFixed deposit interest rateAbank fdBank fd ratesBank of india

Five banks that have cut FD interest rates in last two months

Banks hiked FD rates as the RBI increased the repo rate by a whopping 2.5% over the course of only 10 months, from May 2022 to February 2023. Here are five banks that can decreased fixed deposit interest rates in the past two months.

Monetary policy committeeAxis bankMight also likeMonsoon depositFd interest ratesBank of indiaFixed depositsFixed deposit interest ratesInterest rateCut in fd ratesAu small finance bankIndusind bank

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