Livemint tops charts as the fastest growing news website in the world □ Click here to know more. ![]() As the inflation rate in India is on a higher trajectory, most of the banks are increasing FD rates to protect the consumer against future rises in inflation," said Ravi Singhal of GCL Securities. This occurs because lenders will demand higher interest rates as compensation for the decrease in purchasing power of the money they are paid in the future. The higher the inflation rate, the more interest rates are likely to rise. Choose from a wide range of deposits like NRE deposits, NRO deposits, NRO Tax saver deposits and Non withdrawable deposits. “Inflation is one of the major causes that affects interest rate levels. Earn higher interest income on your Indian and foreign earnings with HDFC Bank’s wide range of rupee fixed deposits. The maturities of various company fixed deposits can range from a few months to a few years. Company Fixed Deposits are offered by Financial and Non-Banking financial companies (NBFCs). ![]() Why are banks increasing FD interest rates? Company Fixed Deposit (corporate FD) is a term deposit which is held over fixed period at fixed rates of interest.
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