Federal Bank hikes savings account interest rates – The Economic Times

Federal Bank has announced that it has hiked savings account interest rates with effect from August 6, 2022. “As the interest rates are linked to Repo rates, the interest rates will change as and when the Repo Rate gets revised by RBI on a T+1 basis. The rates as mentioned above will be calculated on the daily End of the Day balances maintained in Savings Bank accounts (Resident/NRE/ONR) and …

https://economictimes.indiatimes.com/wealth/save/federal-bank-hikes-savings-account-interest-rates/articleshow/93389518.cms