Change in interest rate for IDFC FIRST BANK: Will it affect Niyo accounts?

Since the interest rate for IDFC Bank has been changed Wef 15th September for FD which hover arluns 3%, do we have an update for what would be the rates for Niyo Savings account opened after 31st August? It will be unfair if they would be revising the rates to the same, since I have opened account and deposited a hefty sum of money.

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No. Saving bank interest remains the same. It’s Fixed Deposit which keeps on changing.

Usually the FD rates are higher than Savings. Will the same happen here?

Usually that is the case. But IDFC bank USP since beginning has been higher interest rate on saving account to attract more customers. They might reduce it in future.

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