The three largest banks of the country have increased the interest rates received on fixed deposits. Senior citizens will have great profits on FD.
Bank FD Rates: Recently the Reserve Bank of India (RBI) has increased the repo rate. After which many banks have made loans expensive. On the other hand, interest rates of fixed deposits have been increased by many banks. Which will benefit customers. FD is considered a very effective way for savings. Recently some banks have raised the interest rate on various schemes of Fixed Deposit. This list includes HDFC Bank, ICICI Bank and Yes Bank.
Yes Bank FD
YES Bank has increased 25-50 bps on FDs of less than Rs 2. The rates have been increased from 3.25 per cent to 8 per cent. New rates have also been implemented. Senior citizens will benefit more. 36 months from 35 months, senior citizens will get 8% interest on the scheme. At the same time, memory will get 7.50% interest. The rates for senior citizens on 1 year to 15 months scheme are 7.71 percent and 7.50% for general citizens.
ICICI Bank
ICICI Bank has also increased interest on bulk FD. The rates have been increased by 0.25 percent. The bank has increased the interest rate for the second time in a month. FD from 7 days to 10 years is getting interest ranging from 4.75% to 7.15%. Most benefits will be on the 15 -month plan to customers.
HDFC bank
HDFC Bank has also increased interest rates. The rates have been increased by 0.25 percent. General citizens will get interest ranging from 3 percent to 7.10 percent on various fixed deposits schemes. The new rates have been implemented a few days ago.
