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.
As per the details on ICICI Bank’s official website, the new rates are effective from September 26, 2022. Whereas, Federal Bank has said the new rates are effective from September 27, 2002.