Bank FD Special interest rates: The bank informed through a press release that in view of the festive season, special rates have been issued for deposits. These special rates are for 400 days special FD and maximum interest of 8.15 percent is being offered.
Federal Bank has implemented new interest rates for FDs of less than Rs 2 crore from Thursday. The bank has introduced a special FD offer with a specific tenure for the customers in which interest up to 8.15 percent is being offered to the customers. The bank informed through a press release that in view of the festive season, special rates have been issued for deposits. These special rates are for 400 days special FD and maximum interest of 8.15 percent is being offered.
What is the special offer?
The bank has offered for FD for a period of 400 days. According to the bank, for this period, an interest rate of 7.4 percent is being offered to the common people in such FDs where there is an option of withdrawal before maturity. Whereas senior citizens are getting interest offer of 7.9 percent. Whereas in FD without withdrawal option, 7.65 percent interest is being offered to common people and 8.15 percent interest to senior citizens for this period.
According to the bank, except for 400 days FD, for FDs between 13 months to 21 months with the option of withdrawal before maturity, an interest rate of 7.3 percent has been offered to the common people and 7.8 percent to senior citizens. . Whereas in non-withdrawal FD, 7.55 percent interest is being offered to common people and 8.05 percent interest to senior citizens.
What are the other bank rates?
At present the bank is offering interest ranging from 3 percent to 6.5 percent (for senior citizens) for a period of less than one year. At the same time, for more than one year but less than 13 months, interest is being given up to 7.3 percent. The bank is offering maximum 7.55 percent for more than 2 years.
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