Customers who like to make FD in banks have got a wonderful gift before the start of the new year. Within the last few days, many banks have increased the interest rates on fixed deposits one after the other. Due to this, the new year can prove to be more profitable for bank customers from FD.
First of all, let us tell you that the Reserve Bank has kept the repo rate at 6.5 percent for the fifth consecutive time, despite this the interest rates on FD are increasing. In the last few days, 7 banks including the largest government bank SBI have increased the interest rates on FD. With this increase, FD interest rates have reached 8-9 percent. Let us know by how much which banks have increased the interest rates…
State Bank of India (SBI FD Rates)
State Bank of India i.e. SBI has given a big gift on New Year by increasing the interest rate on fixed deposits. The bank has increased the interest rates on FDs of different tenures by 50 basis points i.e. 0.50 percent. The bank is offering interest ranging from 3.50 percent to 7 percent on FDs ranging from 7 days to 10 years. The new rates are for FDs of less than Rs 2 crore. The bank has extended the last date of its special Amrit Kalash FD scheme to March 31, 2024. In this 400 day FD, the interest is 7.10 percent for common citizens, while 7.60 percent for senior citizens.
Bank of Baroda FD Rates
Bank of Baroda has increased the rate on short term term deposits i.e. FD by up to 1.25 percent. Due to this, the interest on FD of 7 to 14 days has increased from 3 percent to 4.25 percent and the interest on FD of 15 to 45 days has increased by 1 percent to 4.5 percent. The bank is offering interest ranging from 4.25 to 7.25 percent on FDs of different tenures.
Axis Bank FD Rates
Axis Bank has changed the interest rates on fixed deposits of less than Rs 2 crore. The new rates are applicable from 26 December 2023. After the latest changes, the bank is giving interest of 3 percent to 7.10 percent on FD of 7 days to 10 years.
Union Bank Of India (Union Bank Of India FD Rates)
Union Bank of India has increased the interest rates on FDs of different tenures by 0.25 percent. With this step, the interest rate on FD ranging from 7 days to 10 years is between 3 percent to 7.25 percent. The highest interest on 399 day fixed deposit is 7.25 percent. Senior citizens are getting 0.50 percent more interest than the normal rate, while senior citizens are getting 0.75 percent more interest than the normal rate.
DCB Bank FD Rates
Private sector DCB Bank has recently changed the FD interest rates, after which general customers will get 3.75 percent to 8 percent on fixed deposits of seven days to 10 years, while senior citizens will get 4.25 percent to 8.60 percent. Getting returns.
Federal Bank (Federal Bank FD Rates)
Federal Bank has increased the interest rates from December 5, 2023. The bank is giving interest between 3 percent to 7.50 percent to general customers on FDs of 7 days to above 5 years. On 500 days FD, general customers are getting 7.50 percent interest, while senior citizens are getting 8 percent interest.
Suryodaya Small Finance Bank FD Rates
Suryoday Small Finance Bank has changed the rates from December 22. The bank is offering interest ranging from 4 to 8.65 percent on fixed deposits of different tenures ranging from 7 days to 10 years. General customers are getting 8.65 percent annual interest on FDs of 2 years and 2 days, while senior citizens are getting 9.10 percent annual interest on FDs above 2 years and up to 3 years.
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