Federal Bank links savings deposit rate to external benchmarks

03 Sep 2019

Federal Bank has linked its savings deposit rate to external benchmarks. From September 1, its savings deposits up to Rs 2 lakh will earn interest in tandem with the repo rate.

At present levels, deposits of up to Rs 1 lakh will earn an interest of 3.50 percent, while the same of over Rs 1 lakh but under Rs 2 lakh will earn 3.25 percent.

Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.

Related The Federal Bank Ltd. Links:

Federal Bank Share Price

49.20 -1.30 (-2.57%) Sep 29, 15:53
1 Year Price Chart
Peers
Company Name CMP
HDFC Bank 1062.90
ICICI Bank 358.50
Axis Bank 426.80
Indusind Bank 535.50
Kotak Mahindra Bank 1265.60
View more..
Sensex vs Federal Bank
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback