Banks are now consistently increasing their interest rates on fixed deposits while passing benefits to their clients

In May 2022 reserve bank of India raised key policy rates and after that update banks also started increasing Interest rates

Five banks that are providing interest rates of 6% or more in 5-year tenure are

These are different from tax saving fixed deposits with fixed 5 year tenure.

Indusind bank -  6.75% DCB Bank  -  6.60% RBL Bank   -  6.55% IDFC First bank - 6.50% HDFC  -  6.10%

These interest rates are as of  the date of publishing the web story


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