Most banks have cut their interest rates on fixed deposits (FDs) after Reserve Bank of India (RBI) resorted to third repo rate cut in a row on June 6.

The FD interest rate for tenure between 180 days and 210 days has been reduced from 5.80% to 5.65%. For the tenure of 211 days to less than 1 year, the bank has lowered the rate from 6.05% to 5.90 ...