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IDFC First Bank hikes interest rate on savings balances below 1 lakh to 7% livemint . Updated: 07 Jan 2021, 10:48 AM IST Neil Borate
MUMBAI: From 1 January, IDFC First Bank has increased the interest rate on savings account balances up to ₹1 lakh to 7%. The interest rate was 6% earlier. The rate compares favorably with the 3-4% on offer in major private sector banks.
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