IDBI Bank hikes FD rates by up to 8.00% for a period of 700 days with effect from today
Private sector lender IDBI Bank has increased its interest rates on fixed deposits of less than 2 crores. The announcement comes after the RBI increased the repo rate by 25 basis points to 6.50% last week. After the revision, the bank is now committed to pay 7.25% for general public and 8.00% for older adults …