DelhiDesk The Reserve Bank of India (RBI) started increasing interest rates on fixed deposits (FD) since May last year, and almost all banks followed suit. Axis Bank, Punjab National Bank, and ICICI Bank are among the banks offering better interest rates on FDs to customers. Axis Bank is offering up to 7.5% interest on FDs of one year to one year and four days, while PNB is offering up to 7.75% interest on FDs of 444 days. Meanwhile, ICICI Bank is offering up to 7.5% interest on FDs of more than three years and up to five years to senior citizens.
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Here is the news bullets sorted by DelhiBreakings.com team.
– RBI increased interest rates from May last year
– Banks started increasing interest rates on FDs
– Axis Bank, Punjab National Bank, and ICICI Bank offer better rates
– Axis Bank offers 3.5% to 7.5% interest on various FD tenures
– Punjab National Bank offers 3.5% to 7.75% interest on various FD tenures
– ICICI Bank offers 3% to 7.6% interest on various FD tenures
– Tips provided on how to make Post Office RD and Bank FD profitable
– English summary provided
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