Changing Rate - Business Outrank

The fixed deposit stands as the preferred investment option for risk-averse investors while North East Small Finance Bank leads the market with its 9% annual interest rate for FDs that range from 18 months and 1 day to 36 months. The market-leading interest rate of 9% makes this option the most appealing choice for investors who want secure returns with high value. The interest rate at Bandhan Bank reaches 8.05% when investors choose a 1-year FD term. The interest rates at CSB Bank, DCB Bank and RBL Bank reach 8.00% for specific time periods of 500 days while IndusInd Bank, Yes Bank and SBM Bank India provide 7.75% interest for their medium to long-term FDs. The public sector banks maintain a competitive position although they trail behind private sector banks. The Central Bank of India provides the highest rate of 7.50% for FDs with a 3333-day duration. Union Bank and Indian Bank along with Indian Bank and Bank of Maharashtra provide 7.30% interest rates for tenures ranging from 400 to 456 days. The Bank of Maharashtra provides a 7.45% interest rate for FDs with a 366-day duration. The interest rates at foreign banks remain competitive because Deutsche Bank provides 8.00% interest for three years while Standard Chartered and HSBC offer 7.50% and 7.00% respectively. FD rates are expected to decrease in the upcoming months because of the RBI's 25 basis point reduction in the repo rate to 6%. Investors should take immediate action to secure high returns since banks will start changing their rates because of reduced borrowing expenses.

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