DYK: Why banks cut fixed deposit rates2 min read . Updated: 11 Dec 2014, 06:40 PM IST
Banks have been reducing rates in certain deposit baskets. You can expect more banks to follow suit
Major banks have recently cut interest rates on fixed deposits (FDs) in select maturity baskets. Some of these are now offering rates lower than post office time deposits and National Savings Certificate (NSC).
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