FD Rates Changed: With the beginning of the new year, many banks started changing FD rates. Till now many banks have increased the rates of FD. If you are thinking of investing in FD then this is a very good opportunity for you.
With the beginning of the new year, many banks started changing FD rates. Till now many banks have increased the rates of FD. If you are thinking of investing in FD then this is a very good opportunity for you. From Punjab National Bank to Bank of Baroda and Federal Bank, they have revised the interest rates on FD. Currently, interest up to 8.40 percent is available on FD. Let us know which bank is giving how much interest on FD (Fixed Deposit).
1- Punjab National Bank
Punjab National Bank has revised FD rates twice this month. Punjab National Bank has recently increased FD rates by 80 basis points i.e. 0.80 percent. This increase has been made on FD of 300 days. Earlier the interest rate for this period was 6.25 percent, which has now been increased to 7.05 percent. The interest rate for senior citizens is 7.55 percent and for super senior citizens it is 7.85 percent. If we talk about the remaining periods, the interest being given by the bank ranges from 3.50 percent to 7.25 percent. For senior citizens, this range is from 4 per cent to 7.75 per cent, while for super senior citizens, it is from 4.30 per cent to 8.05 per cent.
2- Federal Bank
If you want to make FD in Federal Bank, you will get interest up to 8.25 percent. An interest rate of 7.75 percent is being offered on 500 day FD. This interest rate for senior citizens is 8.25 percent. If we talk about the interest rates for the remaining periods, the interest being offered by the bank ranges from 3% to 7.75% for 7 days to 10 years. Whereas for senior citizens these rates range from 3.5 percent to 8.25 percent. These rates have been in effect since January 17.
3- IDBI Bank
IDBI Bank has also revised the interest rates on FD. Now this bank is offering interest rates ranging from 3 percent to 7 percent on FD for a period ranging from 7 days to 10 years. These rates range from 3.5 percent to 7.5 percent for senior citizens. All the rates have been implemented from January 17 itself.
4- Bank of Baroda
Bank of Baroda has recently launched a special short term FD. Under this FD, people are being given higher interest rates. These interest rates have been implemented from January 15 and will be applicable on FDs up to Rs 2 crore. The bank has launched a new tenure FD, which is for 300 days, which is being known as ‘360D (bob360)’. Under this, 7.10 percent interest is being given to the people. Whereas senior citizens are getting 7.60 percent interest under this scheme. If we talk about the remaining periods, the bank is offering interest rates ranging from 4.45 percent to 7.25 percent for periods ranging from 7 days to 10 years. Whereas senior citizens are being given interest ranging from 4.75 percent to 7.75 percent.
5- Union Bank of India
After the change in interest rates, Union Bank of India is offering 3.5% to 7.25% interest for different tenures for loans less than Rs 2 crore. These new interest rates have come into effect from January 19. According to the bank’s website, additional interest of 0.50 percent is being given to all senior citizens.
6- Karnataka Bank
If you want to make FD in Karnataka Bank, you will get interest ranging from 3.5 percent to 7.25 percent. These interest rates are for FDs of less than Rs 2 crore. These rates have come into effect from January 20. Senior citizens will get additional interest of 0.50 percent.
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