FD Interest Rate : Now the benefit of 7.90% interest rate will be available on FD: After HDFC, ICICI, now federal banks have also made changes in FD interest rates.
Recently Shriram City Union Finance has increased its interest rates from 15% to 25%. This change has been made only in the interest rates of FDs ranging from 3 years to 5 years. Apart from this, the same interest rate will be applicable for FDs from 1 year to 2 years.
If customers are making fixed deposits for 3 years, then their interest rate will increase by 25 basis points. Apart from this, the interest rate for fixed deposit of 4 years will increase by 20 points. Similarly, in FD made for 60 months, 15 basis point will be added to the interest rate. Apart from this, senior citizens will get an additional interest rate of 0.50%. According to the information, whatever changes have been made in the rules of FD, they will be implemented on FD from 20 May 2022.
Now customers will benefit from the rules issued by HDFC Bank
If a customer is making a fixed deposit for three years, then the customer will get an increase of 25 basis points in the interest rate i.e. the customer will get the benefit of 25 basis points. Along with this, interest rate will be increased by 20 points on fixed deposit for 4 years. Along with this, now ICICI Bank has announced to give interest at the rate of 3.75% to the customers for 185 days to 210 days. Along with this, for 271 days to 289 days, it has been said to give interest at the rate of 4% to the customers.
FD Interest Rate – New interest rate issued by the bank
| Time | new interest rate |
| 12 Month | 6.50% |
| 24 Month | 6.75% |
| 36 Month | 7.75% |
| 48 Month | 7.80% |
| 60 Month | 7.90% |
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