Banks offer higher returns on special FDs

Interest rates on bank fixed deposits, which have been slow to rise compared to lending rates, are now going up through special schemes.

Banks are now bettering the returns offered under small savings schemes like Kisan Vikas Patra and PPF, which range from 6.9% to 7.1%.

Banks offer more on FDs through special schemes

Mumbai: Interest rates on bank fixed deposits, which have been slow to rise compared to lending rates, are now going up through special schemes.

While banks are now bettering the returns offered under small savings schemes like Kisan Vikas Patra and public provident fund (PPF), which range from 6.9% to 7.1%. However, small saving schemes still have an edge for taxpayers.