Bank Fixed Deposit: Special FD schemes of these two banks ending soon. Details here
IDBI Bank offers an interest rate of 7.10% for the general public and 7.60% for senior citizens. IDBI's Amrit Mahotsav FD" for 375 Days and 444 Days is valid up to August 15, 2023, the lender mentioned on its website.
IDBI Bank offers an interest rate ranging from 3% to 6.5% on FDs maturing in seven days to five years to general customers, and 3.5% to 7% to elderly people. These rates are effective from July 14, 2023, as per the bank's website.
Unity and Suryoday small finance banks are offering 9 per cent interest rate on FDs on select tenures. Meanwhile, money experts believe that the peak in FD rates may be drawing to a close.
Various macroeconomic indicators suggest that FD interest rates are approaching their peak in the current cycle of interest rate hikes. “FD rates in India have definitely peaked and have now only one way to go- downwards.
Read more on livemint.com
