SBI, HDFC Bank, and ICICI Bank: Interest Rates on FDs
In April, following the Indian Reserve Bank’s decision to reduce the repo rate by 0.25 percent, numerous banks have adjusted their Fixed Deposit (FD) rates accordingly. This reduction has brought the repo rate down to 6 percent, prompting financial institutions to reevaluate their deposit schemes, reflecting the current economic climate. Impact of Repo Rate on ...