Company updateEconomic Times
Senior citizens to get up to 7.40% interest rate on FDs: Federal Bank increases rate
Positive+20
GreyOak summary
Federal Bank increased fixed deposit interest rates for senior citizens on specific tenures to 7.40% per annum. This change follows a 10 basis point hike in base FD rates for deposits between 18 months and three years. The bank also raised rates for general customers in the same tenure range.
What it affects
- The Federal BankFEDERALBNKPositive +20
Increased senior citizen FD rates to 7.40%.Rolling sentiment Positive +15
Source
Read the original at Economic TimesMore The Federal Bank news
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