Federal bank hikes deposit rates
Also raised NRE term deposits for three years and above by 25 bps to 9%
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%.
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First Published: Aug 21 2013 | 7:38 PM IST