Federal Bank has increased interest rates on domestic and non-resident deposits from today.
The private lender has hiked domestic term deposit rate by 150 basis points and will now pay 8.50% on these deposits maturing in 60 days to 119 days.
It has also raised NRE term deposits for three years and above by 25 basis points to 9%.
The private lender has hiked domestic term deposit rate by 150 basis points and will now pay 8.50% on these deposits maturing in 60 days to 119 days.
It has also raised NRE term deposits for three years and above by 25 basis points to 9%.