FD Rate: FD scheme is also offered by the banks in the country to provide facilities to the people. Through the bank, people are provided fixed interest on FD according to the tenure. In such a situation, now three banks have also reduced the interest on FD. Let us know about it…
Bank FD Interest Rate: When it comes to safe investment in the country, one of the options available to people is definitely bank FD. People can invest lump sum money through bank FD and people also earn interest on FD. However, it has been seen many times that people do not choose FD because the interest received on it is much less than the returns received in other investment mediums. Now some banks have also reduced the interest paid on FD. Let us know about it…
Axis Bank
Axis Bank has reduced the interest rate on bank FD. Now Axis Bank is providing interest ranging from 3 percent to 7.10 percent for FDs of 7 days to 10 years. The bank has made a deduction of 10 bps for FDs of more than 2 years but less than 5 years.
Yes Bank
Yes Bank has also reduced the interest paid on FD. Under the latest interest rate, for ordinary citizens who make FD of less than Rs 2 crore, now interest of 3.25 to 7.25 percent will be given on bank FD. Whereas, 3.75 percent to 8 percent interest will be provided to senior citizens.
HDFC bank
HDFC Bank has also made changes in its FD rate and it has been reduced. The bank has made changes in the interest rates of its 35 month and 55 month FDs. Under this, for FDs of less than Rs 2 crore, interest was being given at 7.20 per cent for the first 35 months and 7.25 per cent for 55 months, But now interest of 7.15 percent for 35 months and 7.20 percent for 35 months is being given.
