FD Rates Hike: These two banks increased their FD rates, customers are getting returns of up to 8.35%, Details here

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Better returns than FD: Government is getting more benefits than FD here, see the complete plan
Better returns than FD: Government is getting more benefits than FD here, see the complete plan

FD Rates: Ever since the increase in repo rate by RBI, many banks have increased their FD rates continuously. Now two more banks have increased FD rates. Let’s know about these two banks.

Fixed Deposit Rates: Inflation has increased rapidly this year in the whole world including India. In such a situation, central banks around the world have increased their interest rates rapidly. The Reserve Bank has also increased its interest rates five times this year. This year the repo rate has increased from 4.00 per cent to 6.25 per cent. This increase has also affected the customers of the bank. Many banks have increased their interest rates. Now the names of two more banks have been included in this list. These are small finance banks i.e. Suryoday Small Finance Bank and DCB Bank. Both these banks have increased the interest rates of their fixed deposits. Let us know how much both the banks have increased the interest rate and how much interest rate the customers are getting for what period.

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Suryoday Small Finance Bank increased FD rates-

Suryoday Small Finance Bank FD Rates has decided to increase the interest rate on its FDs of less than 2 crores. The new rates of the bank have come into effect from 21 December 2022. After the increase in the interest rate, the bank is offering interest rate ranging from 4.00 percent to 6.00 percent on FDs ranging from 7 days to 10 years to ordinary citizens. At the same time, the bank is offering interest rates ranging from 4.50 percent to 6.50 percent to senior citizens. At the same time, the bank is offering the maximum interest rate on FD of 999 days. The bank is offering 8.51 percent interest rate to general citizens and 8.76 percent interest rate to senior citizens on this period.

7 to 14 days FD – 4.00%
FD of 15 to 45 days – 4.25 per cent
46 to 90 days FD – 4.50 percent
FD from 91 days to 6 months – 5.00%
FD for 6 to 9 months – 6.00 percent
FD from 9 months to 1 year – 6.00 percent
FD from 1 year to 1 year 6 months – 7.00 percent
FD from 1 year 6 months to 2 years – 8.01 percent
FD from 2 years to 998 days – 7.51 percent
999 days FD – 8.51%
FD from 32 months 27 days to 3 years – 7.25 percent
FD from 3 years to 5 years – 6.75 percent
FD up to 5 years – 6.75 percent
FD from 5 to 10 years – 6.00 percent

DCB Bank has increased FD rates-

DCB Bank (DCB Bank FD Rates) has decided to increase the interest rate on its FDs of less than 2 crores. The new rates of the bank have come into effect from 21 December 2022. The bank is offering interest rates ranging from 3.75 per cent to 7.60 per cent to its general citizens. At the same time, the bank is offering interest rates ranging from 4.25 percent to 8.10 percent to senior citizens. At the same time, the bank is offering the maximum interest rate of 7.85 percent to ordinary citizens and 8.35 percent to senior citizens. Let us know about the interest rate (normal customers) of different periods-

7 to 45 days FD – 3.75%
46 days to 90 days FD – 4.00%
FD from 91 days to 6 months – 4.75%
FD from 6 months to 12 months – 6.25%
12 months to 18 months – 7.25%
18 months to 700 days FD – 7.50%
FD from 700 days to 36 months – 7.85 percent
FD from 36 months to 120 months – 7.60 percent

RBI is continuously increasing the interest rate-

Let us tell you that in its meeting on December 7, 2022, the Reserve Bank had decided to increase the repo rate. After this, now the repo rate has reached 6.25 percent. Since this increase, many banks have increased their interest rates. This bank includes the names of many banks like Punjab National Bank, State Bank of India, Yes Bank, Axis Bank etc.

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