FD Rates: Recently both Federal Bank and HDFC private sector banks have decided to increase their FD rates. HDFC Bank has increased the rates of FDs from 2 to 5 crores.
Fixed Deposit Rates: To control the rising inflation in India, the Reserve Bank of India has continuously taken major steps. Since May till now, the Reserve Bank has increased its repo rate several times. It has increased from 4.00 percent to 5.90 percent. Due to the increase in the repo rate, many banks are increasing their deposit rates and loan interest rates. Now the names of HDFC Bank and Federal Bank have also been included in this list.
HDFC Bank has increased its FD interest rates for the second time within a week. This time the bank has decided to increase the rates of bulk deposits i.e. FDs of Rs 2 to 5 crores. At the same time, Federal Bank has decided to increase the interest rates of fixed deposit schemes of less than Rs 2 crore. Let us know about its latest interest rates-
HDFC Bank’s new interest rate on FD of 2 to 5 crores –
HDFC Bank’s new interest rate has come into effect from 18 November 2022. The bank is offering interest rates ranging from 3.75 per cent to 6.25 per cent to general customers on FDs ranging from 7 days to 10 years. Let us know about the interest rate of different periods of the bank-
- 7 to 29 days FD – 3.75%
- 30 to 45 days FD – 4.75 percent
- FD of 46 to 60 days – 5.00%
- 61 to 89 days FD – 5.25 percent
- FD from 90 days to 6 months – 5.50%
- 6 months to 9 months FD – 5.75%
- FD from 9 months to 1 year – 6.00 percent
- FD up to 1 year 15 months – 6.50 percent
- FD from 15 months to 2 years – 6.80 percent
- FD of 2 to 3 years – 6.50 percent
- FD for 3 to 5 years – 6.25 percent
- FD for 5 to 10 years – 6.25 percent
New interest rates on FDs of less than 2 crores of Federal Bank-
Federal Bank has decided to increase the interest rate on its FDs of less than 2 crores. After this increase, the bank is offering interest rate ranging from 3.00 percent to 6.30 percent to the general citizens. At the same time, the bank is offering interest rates ranging from 3.50 percent to 6.95 percent to senior citizens. At the same time, on 700 days, the bank is getting 7.25 percent interest rate for general citizens and 7.75 percent for senior citizens. Let us know that we are giving information about the interest rate of different periods-
- 7 to 29 days FD – 3.00 percent
- 30 to 45 days FD – 3.25 percent
- 45 to 60 days FD – 4.00%
- 61 to 90 days FD – 4.25 percent
- 120 to 180 days FD – 4.75 percent
- FD of 181 to 270 days – 5.00%
- 271 days to 332 days FD – 5.50%
- 333 days FD – 5.50%
- 1 year FD – 6.25 percent
- FD from 1 year to 20 months – 6.00 percent
- 20 months – 6.25 per cent
- 20 months to 699 days – 6.10 percent
- 700 day FD – 7.25%
- FD from 701 to 3 years – 6.40 percent
- FD from 3 to 5 years – 6.50 percent
- FD from 5 years to 2221 days – 6.30 percent
- FD of 2222 days – 6.50%
- FD of 2223 days – 6.30%
These banks increased FD rates –
On September 30, 2022, the Reserve Bank has decided to increase its repo rate for the last time. After this, many banks have decided to increase their FD rates. In this, many banks like State Bank of India, Punjab National Bank, ICICI Bank, Axis Bank, Indian Overseas Bank etc. have increased their FD rates. Is. Apart from this, many banks have also increased their savings account and RD rates.
