FD Rates Hike: Banks offering fixed deposit (FD) interest rates of 8% to 9.1% in May 2024; Check rates, tenure businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
The bank’s net interest margin increased 20 basis points, Kanwal said, despite the cost of funds rising as well, offset in part by the housing loans portfolio.
Financial Literacy News: Small finance banks provide great interest rates on fixed deposits (FDs), with some going as high as 9%. If you're looking for top rates, you might want to invest soon, as rates could go down later. Before you invest, check out the best FD rates from small finance banks. Remember, these rates apply to deposits up to Rs 2 crore.