The Reserve Bank of India (RBI) raised the repo rate by 35 basis points (bps) on Wednesday of last week, bringing it to 6.25% for the fifth time in a row. Senior citizens can now receive up to 7.50% on fixed deposits, while non-senior citizens can now enjoy up to 7.00%. Whereas, ICICI Bank raised interest rates on deposits by up to 60 basis points (bps) for maturities ranging from 46 days to 10 years. BOI is now guaranteeing a maximum interest rate of 6.75% on deposits maturing in 444 days to less than 3 Years. In accordance with the revised, Bank of India is now providing interest rates on deposits with maturities ranging from 7 days to 10 years that range from 3.00% to 6.00%. ![]() Meanwhile, Bank of India and ICICI Bank today announced a rise in the interest rates on retail term deposits under ₹2 crore. View Full Image Karnataka Bank FD Rates ()
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