Banks are luring customers for deposits with higher interest rates and offers for boosting digital transactions through UPI.State-run Bank Of India has introduced a ‘super special fixed deposit’ at an interest rate of 7.5% for deposits between ₹2 core and ₹50 crore, while DCB Bank has launched a savings account that offers cashback for digital transactions.The super special fixed deposit at the Bank Of India is for a limited period and gives 7.5% for 175 days, according to a release.DCB’s savings account holders may get cashback rewards for UPI debit transactions, with a minimum transaction amount of ₹500. “Customers will make the most of their everyday banking, with the potential…
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