New Delhi. Even today, when it comes to investing, most people recommend Fixed Deposit ie FD. FD is considered to be a better option in terms of investment, which gives guaranteed returns.
In this, more returns are available than the Savings Account. At the same time, the country’s leading banks SBI, HDFC Bank and Kotak Mahindra Bank have recently announced an increase in interest rates on fixed deposits.
SBI FD Rates (Effective January 15, 2022)
SBI’s new rates have become effective from Saturday (January 15, 2022). According to the bank’s website, the bank has increased the interest rate on fixed deposits of one year or more and less than two years. The bank has increased the rate of interest on FDs of this period by 10 basis points i.e. 0.10 percent. At the same time, on FDs of one year or more and less than two years, senior citizens will now get 5.6 percent more instead of 5.50 percent.
7 days to 45 days – 2.9%
46 days to 179 days – 3.9%
180 days to 210 days – 4.4%
211 days or more but less than 1 year – 4.4%
1 year or more but less than two years – 5%
2 years or more but less than 3 years – 5.1%
Above 3 years or more but less than 5 years – 5.3%
5 years or more but less than 10 years – 5.4%
HDFC Bank FD Rates (Effective January 12, 2022)
Recently, HDFC Bank had announced a hike in interest rates on FDs. The new interest rates are applicable from 12 January 2022. The bank has increased the interest rates only for some period. Fixed deposits maturing in 2 years to 3 years will now get an interest of 5.20 percent. FDs maturing in 3 years to 5 years will get an interest of 5.40%. 5.60% interest will be given on FDs with tenures ranging from 5 to 10 years.
7 – 14 days – 2.50%
15 – 29 days – 2.50%
30 – 45 days – 3%
61 – 90 days – 3%
91 days – 6 months – 3.5%
6 months 1 day – 9 months – 4.4%
9 months 1 day to less than 1 year – 4.4%
1 year – 4.9%
1 year 1 day – 2 years – 5%
2 years 1 day – 3 years – 5.20%
3 years 1 day – 5 years – 5.40%
5 years 1 day – 10 years – 5.60%
Kotak Mahindra Bank FD Rates (Effective January 6, 2022)
Recently Kotak Mahindra Bank has also increased the interest rates on FD. The new rates of the bank have become effective from January 6, 2022). Now the bank will give an interest rate of 2.5 percent on fixed deposits of 7 to 30 days, 2.75 percent on fixed deposits of 31 to 90 days and 3 percent on fixed deposits of 91 to 120 days.
7 – 14 days – 2.50%
15 – 30 days – 2.50%
31 – 45 days – 2.75%
46 – 90 days – 2.75%
91 – 120 days – 3%
121 – 179 days – 3.25%
180 days – 4.3%
181 days – 269 days – 4.40%
270 days – 4.40%
271 days – 363 days – 4.40%
364 days – 4.5%
365 days – 389 days – 4.9%
390 days (12 months 25 days) – 5%
391 days – less than 23 months – 5%
23 months – 5.10%
23 months 1 day – less than 2 years – 5.10%
2 years – less than 3 years – 5.15%
3 years and above but less than 4 years – 5.3%
4 years and above but less than 5 years – 5.3%
5 years above and including 10 years – 5.3%
