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FD rates revised: Up to 7.9% interest on senior citizen FDs, 7.40% rate on regular fixed deposits

By Economic Times - 2 months ago
Federal Bank fixed deposit: The bank has revised its FD rate with effect from September 16, 2024. The highest interest rate offered is 7.9% and it is applicable for FDs worth less than Rs 3 crore. Senior citizens investing in fixed deposit must also note that the threshold for deduction of TDS is higher than general citizens.

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