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Bulk Deposits News

IDFC First Bank Revises Interest Rates On Bulk Fixed Deposits; Check New Rates Here

IDFC FIRST Bank has revised the interest rates of its bulk fixed deposits (FDs) of amounts above Rs 2 crore to Rs 25 crore. The bank offers the bulk fixed deposits scheme with a premature withdrawal facility and without a premature ...

ICICI Bank Revises Interest Rates On These Fixed Deposits, Now Offers Maximum 7.25% To Senior Citizens

Second largest private sector lender ICICI Bank revises interest rates on bulk fixed deposits (FDs) of more than Rs 2 Crore to less than Rs 5 Crore. The revised interest rates on bulk deposits are effective from April 13, 2023, according ...

SBI Increases Bulk Deposit Interest Rates By 50-140 bps

SBI has attempted to align the interest rate on bulk deposit at par with rates on retail deposits and for it the bank had raised rates on bulk deposits by as much as 50-140 basis points effective January 29, 2018. ...

ICICI Bank and Axis Bank Raise Rates On Bulk Deposits

After SBI and PNB hiked rates on their bulk deposits by 100 and 50 basis points to 5.25% and 5% respectively, private-sector lenders including ICICI and Axis bank on Wednesday have revised interest rate on bulk deposits over Rs. 1 crore ...

PNB Raises Rates On Bulk Deposits By 50 Bps To 5%

Ahead of the monetary policy review due on Wednesday, PNB after SBI has increased rates on its bulk deposits of over Rs. 1 crore to 5%, making an increase of 50 basis points as against SBI which brought about an hike ...

SBI Increases Interest Rates On Bulk Deposits

Earlier this month, the state-run lender raised deposit rates on smaller deposits of less than Rs. 1 crore by 25 basis points. 1 bps is 1/100th of a percentage point. This time around the bank has raised deposit rates for its ...

SBI slashes interest rate on term deposits

After reporting dismal Q3 results with higher NPA (non-performing assets) and lowered net profits, the public-sector lender announced reduction in the interest rate on term deposits with effect from February 18, 2014. The rate cut has been made across different maturity ...