Banks, which have recently raised their term deposit interest rates, include Bank of Baroda (BOB), State Bank of India (SBI), DCB Bank, HDFC Bank, ICICI Bank, and Axis Bank.
Bank FD rates: In the month of December, five banks, State Bank of India, Bank of Baroda, Kotak Mahindra Bank, Federal Bank, DCB Bank, hiked their interest rates by up to 85 basis points.
The high rate offering on fixed deposits (FDs) also comes as banks have almost fully passed on the 250-bps hike in RBI rate since May last year to their borrowers