RBI MPC Meet On Feb 7: Banks Revise FD Rates Ahead Of Policy Meet | Fixed Deposit

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Ahead of the RBI's MPC meeting on February 7, where a potential repo rate reduction is expected, several banks have revised their fixed deposit (FD) rates in January. Union Bank of India now offers rates between 3.5% and 7.30%, with the highest rate of 7.30% on a 456-day tenure for general citizens, effective from January 1. Meanwhile, Karnataka Bank offers FD rates ranging from 3.5% to 7.5%, with the highest rate of 7.5% on a 375-day tenure.

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