Bank FD rates surge to 9.5%, now 47% of FDs held by senior citizens
New Delhi/IBNS: Bank fixed deposit (FD) interest rates have touched 9.5 percent, which is a significant development for the investors who believe in FDs as a critical foundation in their investment portfolio.
State Bank of India raises fixed deposit rates for retail and bulk deposits
Mumbai: The State Bank of India (SBI) has hiked rates of its fixed deposit interest for specific tenures on retail deposits, up to Rs 2 crore, and bulk deposits, above Rs 2 crore.
Indian Overseas Bank hikes interest rate on deposits
Chennai-based public sector bank, Indian Overseas Bank, decided to increase the interest rates offered on the medium-term deposits by 05 basis points.
SBI cuts down interest on savings, fixed deposits
Mumbai: State Bank of India (SBI), the largest lender of the country, on Wednesday slashed its savings and term deposit interest rates.