Mega Bank drives up interest yield to 9.55% for personal FD depositors; saving account holders to get 6.05% interest for their hard earn money

Mon, Sep 20, 2021 5:17 AM on Latest, Interest Rates,

Amid the oncoming festival season, Mega Bank has massively ramped up the interest rate for its personal Fixed deposit product where the depositors will now get 9.55% interest for their deposits.

The bank will make monthly interest payments in its personal FD product and the new rates will be applicable from Aswin 1. Similarly, the bank will offer 6.05% interest for its saving product, as per the media statement.

Likewise, the bank has also launched a new saving product Mega Maha Bachat account where the customers will get an interest yield of 5.05% and will also get free mobile banking and visa debit card service for the first two years with a minimum account balance of Rs 1000. Customers will also receive locker service with a 50% discount and personal loan service with a 25% discount in service charge, as per the media statement.