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Suryadaya Small Finance Bank revised interest rates revised fixed deposits from Monday. The interest rates have been revised in five years slabs by 85 basis points
The fixed income market is divided on the basis of issuance. The primary market is mainly active in terms of primary auction of government securities as well as issuances of PSU and private issuers. Therefore, the primary markets are between issuers and investors while in the secondary markets the trading takes place between two investors.
PNB has lowered fixed deposit interest rates on single tenure by 5 basis points, effective June 1, 2023. The bank has also increased its MCLR rates by 10 bps on all tenures
SBM Bank (India) Ltd is offering a maximum interest rate of 8.35% on deposits of less than ₹2 crore and from 3 years and 2 days to 5 years maturity period.
If you are looking for the safety of a fixed deposit with ease of monthly investment, Systematic Deposit Plan (SDP), is a proven option