35 month and 55 month FDs have been increased by 20 basis points to 7.35 percent and 7.40 percent respectively. The bank is offering a maximum interest rate of 7.40 percent on FDs maturing in 4 years 7 months to 55 months. Here ICICI Bank and Axis Bank have also been compared. These banks are offering a maximum interest rate of 7.20 percent.

HDFC Bank interest rates on FDs up to Rs 3 crore

• 7 days to 14 days: For general public – 3.00%; For senior citizens – 3.50%
• 15 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
• 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
• 46 days to 60 days: For general public – 4.50%; For senior citizens – 5.00%
• 61 days to 89 days: For general public – 4.50 percent; For senior citizens – 5.00 percent
• 90 days to 6 months: For general public – 4.50%; For senior citizens – 5.00%
• 6 months 1 day to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
• 9 months 1 day to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
• Less than 1 year to 15 months: For general public – 6.60 percent; For senior citizens – 7.10 percent
• 15 months to less than 18 months: For general public – 7.10 per cent; For senior citizens – 7.50 per cent
• 18 months to less than 21 months: For general public – 7.25 per cent; For senior citizens – 7.75 per cent
• 21 months to 2 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
• 2 years 1 day to less than 2 years 11 months: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
• 2 years 11 months to 35 months: For general public – 7.35 percent; For senior citizens – 7.85 percent
• 2 years 11 months 1 day to less than or equal to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
• 3 years 1 day to less than 4 years 7 months: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
• 4 years 7 months to 55 months: For general public – 7.40 percent; For senior citizens – 7.90 percent
• 4 years 7 months 1 day to less than or equal to 5 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
• 5 years 1 day to 10 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent.

ICICI Bank interest rates on FDs up to Rs 3 crore

• 7 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
• 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
• 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
• 61 days to 90 days: For general public – 4.50%; For senior citizens – 5.00%
• 91 days to 184 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
• 185 days to 270 days: For general public – 5.75 percent; For senior citizens – 6.25 percent
• 271 days to less than 1 year: For general public – 6.00 percent; For senior citizens – 6.50 percent
• Less than 1 year to 15 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 15 months to less than 18 months: For general public – 7.20 per cent; For senior citizens – 7.75 per cent
• 18 months to 2 years: For general public – 7.20 percent; For senior citizens – 7.70 percent
• 2 years 1 day to 5 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
• 5 years 1 day to 10 years: For general public – 6.90 percent; For senior citizens – 7.40 percent
• 5 Years (Tax Saver FD): For general public – 7.00 per cent; For senior citizens – 7.50 per cent.

Axis Bank Interest Rates – FDs up to Rs. 3 Crores

• 7 days to 14 days: For general public – 3.00%; For senior citizens – 3.50%
• 15 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
• 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
• 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
• 61 days to less than 3 months: For general public – 4.50 percent; For senior citizens – 5.00 percent
• 3 months to 3 months 24 days: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 3 months 25 days to less than 4 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 4 months to less than 5 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 5 months to less than 6 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 6 months to less than 7 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
• 7 months to less than 8 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
• 8 months to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
• 9 months to 10 months: For general public – 6.00 percent; For senior citizens – 6.50 percent
• 10 months to less than 11 months: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
• 11 months to 11 months 24 days: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
• 11 months 25 days to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
• 1 year to 1 year 4 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 1 year 5 days to 1 year 10 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 1 year 11 days to 1 year 24 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 1 year 25 days to less than 13 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 13 months to less than 14 months: For general public – 6.70 per cent; For senior citizens – 7.20 per cent
• 14 months to less than 15 months: For general public – 6.70 per cent; For senior citizens – 7.20 per cent
• 15 months to less than 16 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
• 16 months to less than 17 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
• 17 months to less than 18 months: For general public – 7.20 per cent; For senior citizens – 7.85 per cent
• 18 months to less than 2 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
• 2 years to 30 months: For general public – 7.10 percent; For senior citizens – 7.60 percent
• 30 months to less than 3 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
• 3 years to less than 5 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
• 5 years to less than 10 years: For general public – 7.00 per cent; For senior citizens – 7.75 per cent.

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At the same time, the bank has offered senior citizens an additional interest rate on FD investment. Dhanlaxmi Bank gives customers the opportunity to invest on FDs ranging from 7 days to 10 years. According to the official website of the bank, the bank has offered a minimum interest rate of 3.25% to 7.25% on FD investment with maturity of 7 days to 10 years. Senior investors will be given the benefit of additional interest rate. The new rates are effective from 3 May 2023.

Dhanlaxmi Bank FD Interest Rates

• The bank will now pay an interest rate of 3.25% on FDs maturing in 7 to 14 days.
• Dhanlaxmi Bank will pay an interest rate of 5.75% on FDs maturing in 15 to 45 days.
• Will give an interest rate of 6.25% on deposits with a tenure of 91 days to 179 days.
• An interest rate of 6.00% is offered on FDs of 46 days to 90 days.
• Interest will be given at the rate of 6.50% on FDs maturing in 180 days or less than one year.
• FDs with a tenure of 1 year and more than 2 years will earn interest at the rate of 6.75%.
• 7.25 percent interest rate will be given on FDs maturing in 555 days (18 months and 7 days).
• 6.50% interest rate is offered for FDs above 2 years and up to 5 years.

Additional Interest Rate to Senior Citizens

Senior citizens are eligible for an additional interest rate of 0.50% per annum as per Dhanlaxmi Bank website. The bank said that except for Dhanam Tax Advantage Deposit Scheme, seniors will continue to get the benefit of additional interest rate on all domestic FDs of 1 year or more.

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How much did interest rates increase?

Let us tell you that the bank has decided to increase the rates of fixed deposits maturing in 2 to 10 years. The bank has increased the interest rates by 10 basis points.

How much interest will be received – 7 to 14 days – 2.50 per cent
15 to 30 days – 2.65 per cent
31 to 45 days – 3.25 per cent
46 to 90 days – 3.25 per cent
91 to 120 days – 3.75 per cent
121 to 179 days – 3.75 per cent
180 days – 5 Percentage
181 to 269 days – 5 percent 270
days – 5 percent
271 to 363 days – 5 percent
364 days – 5.25 percent
365 days 389 days – 5.75 percent
390 days – 6 percent
391 days – 6 percent
23 months – 6.10 percent
from 3 years 10 years – 6.10 percent

Let us tell you that at this time the customers of all major government and private banks are getting the benefit of more interest. Along with this, FD is a very good scheme for investment. In this you get the benefit of fixed interest.

Apart from this, if we talk about senior citizens, then these people also get the benefit of more interest from the bank than the general public. These customers get 50 basis points extra interest from the bank.

The post Bank FD Interest Rates: Important news for bank FD holders, now you will get more interest, check latest rates first appeared on Rightsofemployees.com.