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flag Federal and HDFC Banks cut interest rates on savings and fixed deposits by up to 50 basis points.

flag Federal Bank and HDFC Bank have reduced their fixed deposit and savings account interest rates following the Reserve Bank of India's repo rate cuts. flag Federal Bank lowered rates by up to 25 basis points for select balances and tenures, while HDFC Bank cut rates by up to 50 basis points. flag For example, HDFC Bank now offers 6.60% for a one-year FD for general citizens and 7.10% for senior citizens. flag Savings account rates were also decreased, with HDFC Bank now offering 2.75% for balances under Rs 50 lakh. flag These changes reflect adjustments to current economic conditions.

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