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"The Diwali Special FD rates of 8.25% p.a. will be available for a specific tenure during the offer period, valid from 3rd November to 17th November 2023,"stated the SBM Bank India press release.
According to the Reserve Bank of India (RBI), banks can offer higher interest rates on deposits of over Rs 15 lakh wherein the customers do not withdraw prematurely.
Punjab National Bank has announced revision in Domestic Term Deposits and also for PNB Uttam FD Scheme from 20th February 2023.
Punjab National Bank has announced revision in Domestic Term Deposits (Below Rs. 2 Crore) and also for PNB Uttam (Non Callable) Fixed Deposit Scheme( For Deposit Above Rs. 15 Lakh).
Check out Bank of Baroda’s new Fixed Deposit Interest Rates For Domestic Term Deposits & NRO Deposits.