On FDs below ₹2 crore, the interest rate has been hiked by 25 basis points to 6.25% on tenures starting 3 years to 10 years compared to 6%. Meanwhile, a 6% rate is offered on 2 years 6 months to less than 3 years tenure -- higher by 20 basis points compared to 5.80%. The rate is increased by 40 basis points on 2 years to less than 2 years 6 months tenure to 6% from 5.60%.
Further, on 376 days to less than 2 years tenure - the rate is increased by 25 basis points to 5.75% compared to 5.50. Also, an interest rate of 5.65% is offered in 1 year to 375 days tenure - higher by 35 basis points from 5.30%.
The highest hike is 150 basis points on 181 days to 269 days tenure, where the interest rate is now 4.75% from 3.25%. Also, the bank hiked the rate by 100 basis points to 4.75% on 270 days to less than 1-year tenure compared to earlier 3.75%.
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