FD Rates: In the first week of this month itself, the Reserve Bank of India had increased the repo rate by 50 basis points.
About a month before this, the RBI had increased 40 basis points. That is, within the last two months, the Reserve Bank has increased the repo rate by 0.90 percent. After this, all the banks are also increasing the interest on loans and FDs.
Repo rate hiked by 0.90 percent, FD rate hiked
In the first week of this month itself, the Reserve Bank of India had increased the repo rate by 50 basis points. About a month before this, the RBI had increased 40 basis points. That is, within the last two months, the Reserve Bank has increased the repo rate by 0.90 percent. After this, all the banks are also increasing the interest on loans and FDs.
1- SBI increased rates
State Bank of India has increased FD interest rates by 0.2 percent only last week. This is for FDs of less than two years. Here interest is available from 2.9 percent to 5.5 percent.
2- HDFC’s FD rate also increased
Apart from this, HDFC has increased the rate of FD given to its customers by 0.35 percent. The interest rate has ranged from 2.75 percent to 5.75 percent.
3- Axis Bank is also good for FD
Axis Bank has increased the interest paid on FDs by 15 basis points or 0.15 percent.
4- Up to 5.9 percent interest will be available in Kotak Mahindra Bank
Kotak Mahindra Bank has increased FD rates by 0.50 percent. The new rates range from 2.5 per cent to 5.9 per cent.
5- Bank of India is also a good option for FD
Bank of India has increased the interest paid on FDs separately for different periods. Here, 5.4 percent interest is available on FDs of up to 3 years and 5.35 percent on FDs of 5 years.
6- Canara Bank has also increased rates
Apart from this, Canara Bank has also increased the FD rates and now the new rates have become 5.7 percent for FDs up to 3-5 years.
7- PNB increased interest on FD
The interest rate on FD in Punjab National Bank has now ranged between 3 percent to 5.5 percent.
8- If you want, do FD in IndusInd Bank
IndusInd Bank has also increased the interest paid on FDs. Now the bank is giving 6.5 percent interest on FDs of two years to five years.
9- DCB Bank is a good option for more interest
After increasing the interest rates by DCB Bank, now 6.6 percent interest is being given on FDs from 18 months to 120 months.
10- IDFC First Bank hikes savings deposit rate by 1%
IDFC First Bank has increased the savings deposit rate by 1 per cent to 6 per cent.
11- Federal Bank’s FD is also good for investing money
On getting an FD in Federal Bank, you will get interest ranging from 2.75 percent to 5.95 percent for different tenors.
12-Yes Bank brought floating rate FD
Yes Bank has launched floating rate FD, under which whenever the Reserve Bank reduces or increases the repo rate, the FD rate will also increase or decrease.
