FD rate hike news: What ICICI Bank, HDFC, Bank of India, PNB and SBI offer | Mint

ICICI Bank, HDFC Bank, Bank of India, Punjab National Bank, and State Bank of India have increased their fixed deposit (FD) rates. This move aims to attract more depositors amid a competitive banking environment. Higher FD rates are expected to benefit savers by offering better returns on their investments, reflecting banks' strategies to bolster their deposit base.