Key Highlights :
1. There is an increase in the interest rates for fixed deposits, and as a result, banks are offering special fixed deposits with higher interest rates.
2. Some of the banks that are offering these special fixed deposits are SBI, HDFC Bank, IDBI Bank, and Punjab & Sind Bank.
3. The special fixed deposits with higher interest rates may not be competitive in the current market conditions, and there may be other investment options that offer better returns with lower risks.
Fixed deposits with irregular tenors of days offer higher interest rates than traditional FDs.
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