During the last 9 months, the Reserve Bank of India has frequently increased the repo rate to control inflation. After the change, the bank is offering interest rates ranging from 2.50 per cent to 6.50 per cent for the general public and 5.25 per cent to 7.00 per cent for senior citizens. With the increment, DBS Bank India is now …
As the RBI’s Monetary Policy Committee has raised the key repo rate twice in its previous two review meetings and is expected to further hike the rate further in its ongoing meet this week, banks have been increasing their rates on both loans and deposits. Here’s the comparison of the current fixed deposit interest rates offered by these three lenders …
Private sector lender DBS Bank India has hiked its interest rates on fixed deposits for funds below Rs 2 crore. It now offers interest rates in the range of 2.5-6.25 per cent for the general public and 3-6.75 per cent for senior citizens. The retail inflation in June stood at 7.01 per cent, which is slightly lower than the 7.04 …
Bank Fixed Deposit Interest Rate Hike: Lenders across the private and public sectors have been quick to hike their interest rates across loan tenures, savings accounts, fixed deposits. DBS Bank FD interest rates have been hiked by 50 basis points to 5 per cent from the earlier 4.50 per cent for tenures of seven days applicable to general public. From …
