Bank FD Rates Hike: The year 2025 has brought good news for fixed deposit (FD) account holders. Many banks have revised their FD interest rates in January 2025. YES Bank (YES Bank FD Rate) and DCB Bank (DCB Bank FD Rate) have also recently changed their interest rates.
Bank FD Rates Hike: The year 2025 has brought good news for fixed deposit (FD) account holders. Many banks have revised their FD interest rates in January 2025. YES Bank (YES Bank FD Rate) and DCB Bank (DCB Bank FD Rate) have also recently changed their interest rates. YES Bank has revised its FD interest rates from 31 January 2025. At the same time, DCB Bank has revised its interest rates from 29 January 2025.
Many banks have revised FD rates this year
The meeting of the Monetary Policy Committee of the Reserve Bank of India (RBI) is going to be held on 7 February 2025 and before that many banks have also changed their FD interest rates. These include Union Bank of India, Punjab National Bank (PNB), Axis Bank, Shivalik Small Finance Bank, Karnataka Bank, and Federal Bank.
YES Bank’s new FD interest rates
YES Bank has increased the interest rates for its fixed deposits. Now YES Bank is offering interest ranging from 3.25% to 8% on FDs ranging from 7 days to 10 years for general citizens. Earlier these rates were from 3.25% to 7.75%. The bank is offering the highest interest rate on 18-month FD, which is 8%.
For senior citizens, YES Bank is offering interest rates ranging from 3.75% to 8.50%. Earlier this rate was from 3.75% to 8.25%. The highest interest rate for senior citizens is on FD of 18 months, which is 8.50%.
DCB Bank’s new FD interest rates
DCB Bank has also increased its FD interest rates. Now DCB Bank is giving interest from 3.75% to 8.05% to general citizens on FDs ranging from 7 days to 10 years. The highest interest rate is available on FDs of 19 to 20 months, which is 8.05%. For senior citizens, DCB Bank is giving interest from 4.25% to 8.55%. Senior citizens will get the highest interest of 8.55% on FDs of 19 to 20 months.
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