Changes in fixed deposits by the bank prove to be beneficial for the customers because increase in interest is also seen during this period. After the increase in fixed deposit interest, if a person deposits his money, he gets the benefit of higher interest rate than before. Recently Federal Bank, RBL Bank, and Equitas have changed the interest rates of their fixed deposits.
Safe investment opportunity for customers
It has been informed by the officials that this is a safe investment opportunity for the customers because there is no possibility of any kind of loss in it. Customers also get good returns after investment.
Talking about fixed deposits of RBL Bank, customers are getting interest rates ranging from 3.5 to 8% on amounts starting from Rs 3 crore. Whereas senior citizens are getting interest rates up to 8.5%. The highest interest rate offered by the bank for 500 days is 8% for general customers and 8.5% for senior citizens.
Talking about Equitas FD Bank, senior citizens are getting interest rates up to 9%. Actually, on tenure of 2 years and 1 day, general customers of the bank are getting the benefit of 8% interest rate and senior citizens are getting the benefit of 8.5% interest rate.
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