Latest FD Rate Hikes: Shivalik Small Finance Bank and IDFC FIRST Bank Increase Savings Account and Fixed Deposit Interest Rates
In a move to stay competitive in the banking sector, Shivalik Small Finance Bank and IDFC FIRST Bank have announced revisions to their savings account and fixed deposit interest rates. Effective May 1, 2025, customers can now enjoy higher returns on their deposits, with interest rates reaching up to 8.70%. This change is expected to benefit existing and new customers alike, providing them with more attractive options for managing their finances. With the current trend of rising interest rates, this move is seen as a strategic step by the banks to stay ahead in the market. For those looking to open a new savings account or invest in fixed deposits, now might be the ideal time to take advantage of these revised rates and maximize their earnings. Key terms like fixed deposit rates, savings account interest rates, and bank deposit rates are expected to gain traction in the coming days.
