These 4 public sector banks offer the highest interest rates on savings accounts
Yesterday, the Reserve Bank of India (RBI) announced a 50 basis point (bps) hike in the repo rate from 4.4 per cent to 4.90 per cent, which turns into a rise in lending and deposit rates that people may see in the near future. Some banks have already begun to raise interest rates on FDs and savings accounts, but investors will have to wait a little longer until interest rates rise again. Customers planning to establish a savings account in the face of rising interest rates can choose the four public-sector banks giving the highest interest rates on savings bank deposits.
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