This bank has increased the interest rates of FD. Customers can avail this for a limited period of time. The bank is offering interest ranging from 3% to 7.30% to the common citizens.
Bank FD Interest Rates: Private Sector Bank “Federal Bank” has increased the interest rates of fixed deposits. The new rates have come into effect. Now customers will get more returns on FD. The interest rates are higher for senior citizens as compared to general citizens. The bank has increased 77 basis points on fixed deposits of less than Rs 2 crore. Customers will get its benefit for a limited time.
Bank increased this much interest on FD
The bank is offering interest ranging from 3% to 7.30% on FDs ranging from 7 days to more than 5 years to common citizens. And the rates for senior citizens range from 3.50% to 8.07%. The highest interest is available on FD for 13 months. The rates are 7.30 per cent for common citizens and 8.07 per cent for senior citizens.
Interest rate for short term deposit
3% on Fixed Deposits of 7 to 29 days, 3.25% on 30 -45 days tenure, 4% on 46-60 days tenure, 4.75% on FDs of 61-90 days, 4.75 on 91-119 days Fixed Deposits Per cent, 5 per cent on 120-180 days tenure, 5.75 per cent on FDs of 181-270 days and 6 per cent interest on fixed deposits from 271 days to 1 year.
Interest Rates for Long Term Deposits
Talking about the interest rate of long term fixed deposit, 6.60% interest is being received for a period of more than 5 years. The bank is offering the same interest on FDs from 3 years to less than 5 years. 6.80% interest is available on FDs of 1 year to less than 15 months, 7.25% on 15 months to 2 years tenure and 6.75% interest on FDs of 2 years to less than 3 years.
