The private sector lender Federal Bank has revised interest rates on fixed deposits of less than ₹2 Cr. As per the official website of the bank, the new rates are effective as of today 18-11-2022. Following the revision, the bank is now offering an interest rate ranging from 3.00% to 6.30% for the general public and 3.50% to 6.95% for senior citizens on FDs maturing in 7 days to 2223 days and above. For deposits maturing in 700 days, the bank is now giving a maximum interest rate of 7.25% for the general public and 7.75% for senior citizens.
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