ICICI & HDFC Banks Cut Fixed Deposit Interest Rates

Imagine you have money saved in a special account called a fixed deposit (FD) at ICICI Bank and HDFC Bank.

These banks have decided to slightly lower the interest rates you earn on that money.

This means you'll get a little less money back over time.

ICICI Bank and HDFC Bank have changed the interest rates on different terms (like how long your money stays in the FD).

Generally, the longer you leave your money, the more interest you get.

Senior citizens usually get even better rates.

It's like the banks are changing how much they pay for you to keep your money with them.