announced the revision of interest rates for fixed deposit interest rates for amounts below Rs 2 crore. This special interest rate offer will run from September 1–7, 2022, according to a press release issued by the bank.
Under the offer, regular customers can receive up to 7.32% interest per year on 888-day fixed deposits. The interest rates for seniors have been raised under this offer to 7.82% and 7.47% for its NRE customers, per the press release.
Under this special offer, there are two ways to receive interest payments: monthly and quarterly. In addition, the customer will fetch higher interest rates for terms above one year to up to three years.
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