IDFC First Bank has reduced interest rates on savings accounts by up to 200 basis points, effective January 9. Balances between ₹1 lakh and ₹10 lakh will now earn 5%, while higher slabs see minimal changes. The move reflects banks’ struggles to attract deposits amid rising credit growth.
​IDFC First Bank has reduced interest rates on savings accounts by up to 200 basis points, effective January 9. Balances between ₹1 lakh and ₹10 lakh will now earn 5%, while higher slabs see minimal changes. The move reflects banks’ struggles to attract deposits amid rising credit growth. by Soban News (international And National News)
