Private lenders Yes Bank, and HDFC Bank have slashed the fixed deposit interest rate on selected tenure for deposits below ₹2 crore. Unity Small Finance Bank Limited (Unity Bank) has hiked its interest rates offered on fixed deposits on selected tenors. These banks have revised FD rates in October 2023īank of Baroda has hiked interest rates on fixed deposit (FD) rates by up to 50 basis points (bps) across various tenors.

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