RBI repo rate cut impact: These banks have reduced fixed deposit interest rates

Several banks, including SBI and HDFC Bank, have slashed fixed deposit interest rates following the RBI’s 25 bps repo rate cut. The rate revisions affect tenures across 1 to 3 years, with some special FD schemes also being withdrawn or reintroduced at lower rates.

Several banks, including SBI, BOI, HDFC Bank, and Yes Bank, have reduced their fixed deposit (FD) interest rates after the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6%.

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