Fixed deposit interest rates: FD interest rates continue to rise from May 2022. RBI started increasing the repo rate from May last year to control inflation. Since then, the repo rate has been increased by 2.25 percent. Although there was a decrease in the inflation rate in November, but even then the RBI increased the repo rate by 0.35 percent on December 7.
Fixed deposit interest rates: FD interest rates continue to rise from May 2022. RBI started increasing the repo rate from May last year to control inflation. Since then, the repo rate has been increased by 2.25 percent. Although there was a reduction in the inflation rate in November, but even then the RBI increased the repo rate by 0.35 percent on 7 December. After that all the banks started making the loan costlier. Also started increasing the interest on FD. Even in the new year, many banks have increased the interest on FD. Here you are being told about those banks which have increased the interest on FD in January 2023.
Punjab National Bank (PNB)
Punjab National Bank has increased the interest on savings account and FD on January 1. PNB has increased 0.25 percent on savings account. This increase has been done for the amount of Rs 100 crore or more. The bank has increased the interest on some FDs by 0.50 per cent.
Indian Overseas Bank
Indian Overseas Bank had increased interest on FDs from 7 to 90 days from January 1. The bank is paying a maximum interest of 6.55 per cent on FDs of 444 days. A maximum interest of 0.50 per cent is being given to senior citizens and 0.75 per cent to super senior citizens.
Punjab And Sind Bank
Punjab and Sind Bank has increased the interest on January 1. The bank is offering FDs ranging from 7 days to 10 years. The bank is giving interest ranging from 2.80 per cent to 6.25 per cent. The bank is paying 7% interest on FD of 601 days.
Bandhan bank
Bandhan Bank has increased the interest on 5 January. The bank is offering FDs from 7 days to 10 years. He is offering interest ranging from 3 per cent to 5.85 per cent. Offering interest ranging from 3.75 per cent to 6.60 per cent to senior citizens. The bank is paying 7.50 per cent interest on 600 days FD.
Kotak Mahindra Bank
Kotak Mahindra Bank has increased the interest on FD by 0.50 percent on January 4, 2023. The bank is offering 7 per cent interest on FDs ranging from Rs 390 to 2 years. 7.50 percent interest is being offered to senior citizens.
Karnataka Bank
Karnataka Bank has increased the interest on FD till January 1, 2023. The bank is giving FDs of 7 days to 10 years. Banks are offering interest ranging from 5.25% to 5.80%. Offering 7.30% interest on 555 days FD.
Yes Bank
Yes Bank has increased the interest on FDs up to Rs 2 crore on January 3, 2023. Banks are giving interest of 3.25% and 7.00% to the general public on deposits ranging from 7 days to 120 months. Yes Bank is offering a maximum interest of 7.50% to the general public and 8% to senior citizens.
