As rates on fixed deposits continue to surge, these NBFCs offer up to 8.25%. Details here
Updated: 07 Oct 2022, 02:08 PM IST
TL;DR.The banking regulator raised the repo rate by 40 bps in May and 50 bps each in June and August. On September 30, the RBI's MPC raised repo rate by 50bps to its current level of 5.9%. Following each hike, FD rates, too, followed the suit. Seven banks raised fixed deposit rates in August alone after the RBI raised repo rates to 5.4 percent on August 5. Here we share details of some NBFCs and banks that offer up to 7-8% on their fixed deposits.