Investing in fix deposits is a safe option for customers as it does not like any kind of damage. After a change in repo rate by the Reserve Bank of India, many banks have changed the interest rates of their fixed deposit and savings account. The interest rates of fixed deposits have also been cut after the repo rate cut.
Many banks are still offering interest rate up to 9.10% per annum
Let us tell you that the interest rates of fixed deposits have been changed on tenures of less than 3 crores. City Union Bank is giving interest rates ranging from 5% to 7.50% to its customers on 7 to 10 years of tenure. At the same time, senior citizens are getting interest rate from 5% to 8% per annum.
DCB Bank is offering interest rates ranging from 3.75% to 8.05% on 7 to 10 years of tenure. The bank has implemented the new interest rate from 14 February 2025. Karnataka Bank, giving an interest rate ranging from 3.75% to 8% on a tenure of 7 to 10 years, which is applicable from February 18. Suryoday Small Finance Bank General is giving 4% to 8.60% interest rate for customers and 4.50% to 9.10% per annum interest rate for senior citizens.
