Indian Stock Market Updates: Rising FD rates bring cheer to depositors

posted by   januram (54)   2 months ago (indian-stockmarket-updates.blogspot.com)

There is some good news for retired persons and those dependent on the interest income as banks have started increasing their fixed deposit rates following the decision of the RBI to hike the short term lending rate by 0.25 per cent.Oriental Bank of Commerce on Monday revised their fixed deposit rates for various maturities and raised the rates for its special deposit scheme Asha Kiran (FDs for 400 days) to 9.75 for senior citizens