Federal Bank Hikes Fixed Deposit Interest Rated On Less Than 2 Crore Deposits
Federal bank, one of India's leading private sector bank has hiked the interest rate on Fixed Deposits on less than Rs 2 crore single deposit across all the tenure. Since the Reserve Bank of India (RBI) hiked a 40-basis-point rise in the repo rate, Indian banks have been hiking interest rates. The new hiked interest rates by the bank effective from 16 May 2022