After increasing the repo rate of the Reserve Bank, banks are continuously increasing the interest rates of FDs one after the other. Now another government bank has joined this list, which is paying interest of up to 7.60 percent on FDs.
This time is very good for those investors who prefer to invest traditionally. One after the other, many banks have increased the interest rates on Fixed Deposit ie FD (FD Interest Rate Hike) . Investing in FDs has become attractive again after the Reserve Bank of India (RBI) increased the repo rate. Now another government bank has been added to this list, which is paying interest of up to 7.60 percent on FDs.
Public sector Central Bank of India has implemented new interest rates from 30 December. The bank is offering different interest rates for different tenures on FDs below Rs 2 crore. The bank has increased FD interest rates by up to 0.75 percent (75 bps).
Highest interest on 444 day deposit
The Central Bank has offered the highest interest rate on FD for a special period of 444 days. This interest will be from 7.35 percent to 7.69 percent. Apart from this, the bank has offered different interest rates on FDs of 7 days to 10 years duration.
Central Bank FD Interest Rates
- The government bank will now give 3 percent interest to its customers on FDs of 7 days to 14 days duration.
- For a period of 15 days to 45 days, this interest will be 3.25 percent.
People will get 4.25 percent interest on FDs of 46 days to 59 days duration. It is same as before. - At the same time, for FDs of 60 days to 90 days, the bank has increased the interest rate by 0.75 percent and now it will be 4.25 percent, which was earlier 3.50 percent.
- The interest rate on FDs of 91 days to 179 days will be 4.50 percent.
- Whereas for the period of 180 days to 364 days, the interest rate has been increased from 5.25 percent to 5.50 percent.
- The bank has increased the interest rate from 6.15 percent to 6.75 percent for a period of less than two years on one year.
- For 2 years but less than 3 years, it will now be 6.50 percent.
- At the same time, the interest rate on FD for a period of 3 to 10 years will now be 6 percent, which was earlier 5.75 percent.
