Bank of Baroda – RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change

Bank of Baroda – RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change
Bank of Baroda – RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change

Jun 28, 2024, 02:19:18 PM ISTThe RBI announced a proposal to revise the definition of bulk fixed deposits. As per the proposal, banks’ fixed deposits of Rs 3 crore and above will be considered bulk deposits. Earlier, a bank FD of Rs 2 crore and above was considered as a bulk FD.ET Online2/11State Bank of India (SBI)SBI has not revised the FD interest rate date, however the bank has updated retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from May 15, 2024.ET OnlineHDFC Bank revised fixed deposit interest rates effective June 12 and updated the retail deposit amount from Rs 2 crore to Rs 3 crore.ET OnlineUtkarsh SFB has revised FD interest rate and updated the…
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Source: https://economictimes.indiatimes.com/wealth/invest/rbi-new-fd-rule-10-banks-that-have-revised-fixed-deposit-terms-after-rbi-rule-change/bank-of-baroda/slideshow/111337504.cms?from=mdr

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