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FD rates hike: The bank credit rose 9.1% to Rs 124.5 lakh crore in April-August 2023, while bank deposits surged by 6.6% to Rs 149.2 lakh crore in the period. As a result, will banks hike the interest rates of fixed deposits (FDs) in the short-term or long run? Let s find out what experts say
Seven banks, including SBI, PNB, Dhanlaxmi Bank, and DBS Bank India, will be part of the first phase. The portal cannot, however, be used to search for inoperative bank accounts.