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Federal Bank hikes FD rate to 8%, adds special tenure with high interest

Business Standard LogoBusiness Standard1d ago

Federal Bank hikes FD rate to 8%, adds special tenure with high interest - Business Standard

Quick Summary:

Bank has added a new tenure of 444 days, offering the highest interest rate of 7.

Depositors can withdraw their funds without penalty within the first 15 days, which is beneficial for those who might need immediate access to their funds.

The 555-day tenure under this scheme offers an interest rate of 8.05 per cent per annum.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 11:10:49 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25145316

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 281 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

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The story "Federal Bank hikes FD rate to 8%, adds special tenure with high interest" was covered 1 days ago by Business Standard, a news publisher based in India.

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Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 281 news stories per day.

It's most recent story was published 2 hours ago.

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  • News ID: #25145316
  • URL: https://beamstart.com/news/federal-bank-hikes-fd-rate-17368341616548

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