FD Rate Hike: Interest rates have been increased by many banks in December. After this investors are getting interest of 8.60 percent.
In the month of December, interest rates on FD have been increased in many banks, this includes government as well as non-government banks. Investors are getting 8.60 percent interest on making FD in these banks. In such a situation, if you want to get FD then this can be a good opportunity for you.
Bank of India
Government sector bank Bank of India has changed the interest rates of FD ranging from Rs 2 crore to Rs 10 crore from December 1, 2023. Bank of India offers 5.25 percent on FDs of 46 days to 90 days, 6.00 percent on FDs of 91 to 179 days, 6.25 percent on FDs of 180 days to 210 days, 6.25 percent on FDs of 211 days to less than one year. Interest of 6.50 percent is being given. 7.25 percent interest is available on one year FD.
Kotak Mahindra Bank
Kotak Mahindra Bank has also increased the interest rates. Now the bank is giving interest ranging from 2.75 percent to 7.25 percent to investors on FD. These interest rates came into effect on December 11, 2023.
DCB Bank
DCB Bank has increased the interest rates on FDs of less than Rs 2 crore for select tenures. After this increase, the bank is giving 8 percent interest to general investors and 8.60 percent interest to senior investors.
Federal Bank
FD interest rates were increased by the Federal Bank on December 5. The maximum interest being offered by the bank on FD of 500 days is 7.50 percent to general investors. Senior citizens are being given 8.15 percent interest on FD of 500 days.
