Given below is a list of six banks which are offering more than 6% interest on fixed deposits (FDs) of an amount less than Rs 2 crore. The highest FD interest rate is being offered by Unity Small Finance Bank.
It is quite a big task when two banks are being merged either forcibly or voluntarily. There has been few cases of bank mergers in India and some of them were due to Reserve Bank of India s direction and some were due to business needs. Regardless of the reason of merger, the deposit insurance amount would get impacted once the merger between two or more banks happen.
This adjustment meant senior citizens could now earn up to 7.80 per cent on fixed deposits ranging from 23 months to two years, , Fixed Deposit rates, Increase, banks, icici bank, hdfc bank, bank of india
While Ghandat is hopeful of getting relief, legal experts indicated that the courts are not inclined to interfere with the banking regulator’s decisions.
A slew of Small Finance Banks (SFBs) already offer 9.2% to 9.5% interest on FDs to senior citizens. Unity Small Finance Bank offers an interest rate of 9.5% to senior citizens on FDs maturing in 1001 days. Will interest rates on FDs touch 10% in the near future? Will the interest rates on fixed deposits (FDs) go up further? The decision to hike FD interest rates will depend on various factors. Find out how interest rates of FDs may move in the future and how you should invest.