Many government to private banks have increased the interest rates on fixed deposits (FD). In such a situation, if you are also worried about where FD is a profitable deal, then we are going to tell you how much interest will be available.
New Delhi. After the RBI increased the repo rate by 50 basis points, many government to private banks have increased the interest rates on fixed deposits (FD). In such a situation, if you are also worried about where getting FD is a profitable deal, then we are going to tell you how much interest will be available. Explain that according to the Reserve Bank of India, policy interest rates have been changed several times.
After which non-banking financial companies (NBFCs) and post offices have changed the interest rates of their fixed deposits. Now SBI, HDFC Bank and Post Office are giving good interest on FD.
Know how much interest is getting in which bank:
ICICI Bank: The bank has increased interest rates on FDs below Rs 2 crore. Now you will get interest ranging from 3.00% to 6.10% on making FD in ICICI Bank.
Axis Bank: Axis Bank is now offering a maximum interest rate of 6.15 percent for the general public. The bank is offering an interest rate of 2.75 percent on FDs maturing in 7 days to 29 days and 3.25 percent interest rate on FDs maturing in 30 days.
HDFC Bank: HDFC Bank is offering 6.1% interest on FDs with tenures ranging from 3 years 1 day to 5 years.
Know the interest rates of public sector banks:
State Bank of India: SBI has increased the interest rate on its FDs. SBI is currently offering interest from 2.9% to 5.65% on FDs with tenures ranging from 7 days to 10 years.
Canara Bank: Canara Bank has increased interest rates on FDs below Rs 2 crore. The bank is offering interest rates ranging from 2.90 percent to 6 percent.
Bank Of Baroda: Bank of Baroda is giving interest ranging from 3 percent to 5.65 percent. Whereas for senior citizens it has been increased from 3.50 percent to 6.65 percent for the given period.
Punjab National Bank: The interest rates offered by the bank range from 3 percent to 5.75 percent and the FD rates for senior citizens (60 to 80 years of age) range from 3.50 percent to 6.60 percent.
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