Currently, the second year of the third decade of the 21st century is going on. From the point of view of economics i.e. economics, this is the economic era.
New Delhi : In this era money is dominant. This era gives the meaning of the proverb ‘Neither father is bad nor brother is the biggest rupee’. Seeing the importance of money, now people are investing their savings also and want to earn maximum profit.
This is the reason that after HDFC ICICI, the federal banks have also changed the interest rates of fixed deposits. Shriram City Union Finance has recently increased its interest rates by 15 to 25 percent.
Changes in the new rates have been made in FDs ranging from 3 years to 5 years. The same old interest rate will continue for FDs of 1 to 2 years.
If you are doing an FD for 3 years, then you will get an increase of 25 basis points in the interest rate. For the same 4-year FD, the interest rate will increase by 20 points.
Similarly, in a 60-month FD, 15 basis points will be added to the interest rate. Senior citizens will get 0.50 percent higher interest rate. All the changes that have been made in the rules of FD will be applicable from 20 May 2022.
New interest rate
- Time :-12 Months
- Interest Rate :- 6.50%
- Time :- 24 Months
- Interest Rate :- 6.75%
- Time :- 36 Months
- Interest Rate :- 7.75%
- Time :- 48 Months
- Interest Rate :- 7.80%
- Time :- 60 Months
- Interest Rate :- 7.90%
