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Bank cut Rs 5.89 crore FD rate from 7.75% to 3.5%; Court orders higher interest

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Times of India
Bank cut Rs 5.89 crore FD rate from 7.75% to 3.5%; Court orders higher interestWorldPing
Image via Times of India.

What happened

Initially, the FD earned interest at rates of 7.75%, 8.25% and 7.75% over different periods.

However, from January 30, 2018, the bank lowered the rate to 3.5%.

Key facts

  • Initially, the FD earned interest at rates of 7.75%, 8.25% and 7.75% over different periods.
  • However, from January 30, 2018, the bank lowered the rate to 3.5%.
  • Reported by Times of India and published Mon, 12 Oct 2026 15:35:42 UTC.

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What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Capital punishment in US: Elected judges, prosecutors seek 'results', 'not interested in the truth'

  2. Thousands march to Indian Supreme Court to demand election chief resign

  3. Bank cut Rs 5.89 crore FD rate from 7.75% to 3.5%; Court orders higher interest

  4. India's opposition parties march to top court as protests over voter lists escalate

  5. Thousands of Indians march to Supreme Court to oust election chief

  6. Higher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack

  7. Russell Brand appears in a London court for trial on rape and sexual assault charges

Sources

The original report was published by Times of India. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Times of India

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