The public sector lender Central Bank of India has hiked interest rates on savings accounts and fixed deposits of less than ₹2 Cr. The bank’s official website states that the latest savings account interest rates will go into effect from 15.03.2023 and customers will get a maximum interest rate of 3.30 % per annum. Whereas the latest fixed deposit (FD) interest rates of Central Bank of India are effective as of 10.03.2023, and upon the announcement, the general public will get a maximum rate of 6.75% and senior citizens can get a maximum rate of 7.25% on their fixed deposits.
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