If you also deposit your money in the bank's savings account or FD, you can get good news soon. The bank itself has started giving signs of this. In fact, in the past few months, most banks have reduced interest rates on deposits. Interest on FD is also reduced. Because of this, the interest of depositors in the bank's savings schemes is also decreasing. There are some other schemes where the bank savings account or FD is getting more returns.
Now there are signs that banks can give you more returns on your deposit. Punjab National Bank has also indicated this on Tuesday. Sunil Mehta, Chief of Punjab National Bank says that in the coming days the interest in the bank can be increased more. Recently, SBI has increased interest rates too.
Recently, the rating agency Icra also released its report and said that the bank can increase interest rates on deposits soon.
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