jana small finance bank fd rates, bumper return on FD, this bank is giving 8.85% interest, check latest rates – jana small finance bank increased the interest rates on fd
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Recently SBI, Kotak Bank, Indian Overseas Bank, Yes Bank, Suryoday Small Finance Bank etc. have also increased their FD rates. After increasing the repo rates of RBI, banks are continuously increasing the interest rates on FDs. Explain that after the monetary review meeting on 8 February 2023, the RBI had increased the repo rate by 25 basis points. After this the repo rate has reached 6.50 percent. Prior to this, RBI has increased the repo rate by 2.25 percent in five monetary policy meetings in the year 2022. After increasing the repo rate of RBI, everyone from public-private banks to housing finance companies had increased the home loan interest rates.
Jana Small Finance Bank is a small finance bank, which started operations on March 28, 2018. Its headquarter is in the city of Bengaluru. The Reserve Bank of India has issued a license to the bank under Section 22 of the Banking Regulation Act, 1949.
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