Bank fixed deposit (FD) rates are slowly inching up. For a three-year FD, State Bank of India (SBI) has increased the rate from 6.5% to 6.7%. Yes Bank offers a rate of 7%; Axis is offering 6.9%; ICICI has a rate of 6.5%; while HDFC Bank’s rate is the lowest among its peers at 6%. Some private banks are offering rates lower than the largest public sector bank—SBI. It is a sign of changing...
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