Change in interest rates

Bank of Baroda revised its FD rates on August 2, 2024. Now customers can get interest ranging from 4.25% to 7.25% on FDs up to Rs 3 crore. Notably, senior citizens will get up to 7.90% interest on FDs ranging from Rs one crore to Rs three crore. The

new interest rates are as follows:

– FDs of 7 to 14 days: General public will get 4.25% and senior citizens will get 4.75% interest.
– FDs of 15 to 45 days: General public will get 4.50% and senior citizens will get 5% interest.
– FDs of 46 to 90 days: General public will get 5.50% and senior citizens will get 6% interest.
– FDs of 91 to 180 days: General public will get 5.60% and senior citizens will get 6.10% interest.
-FD of 181 to 210 days: General public will get 5.75% interest and senior citizens will get 6.25% interest.
– FD of 211 to 270 days: General public will get 6.15% interest and senior citizens will get 6.65% interest.
– FD of 271 days to less than 1 year: General public will get 6.25% interest and senior citizens will get 6.75% interest.
– FD of 333 days: General public will get 7.15% interest and senior citizens will get 6.65% interest.
– FD of 360 days: General public will get 7.10% interest and senior citizens will get 7.60% interest.
– FD of 1 year: General public will get 6.85% interest and senior citizens will get 7.35% interest.
– FD of 399 days: General public will get 7.25% interest and senior citizens will get 7.75% interest.
– FDs for 1 year to 400 days: General public will get 6.85% interest and senior citizens will get 7.35% interest.
– FDs for 400 days to 2 years: General public will get 6.85% interest and senior citizens will get 7.35% interest.
– FDs for a period of more than 2 years and up to 3 years: General public will get 7.15% interest and senior citizens will get 7.65% interest.
– FDs for a period of more than 3 years and up to 5 years: General public will get 6.50% interest and senior citizens will get 7.15% interest.
– FDs for a period of more than 5 years and up to 10 years: General public will get 6.50% interest and senior citizens will get 7.50% interest.

Special rates for senior citizens

The bank has also increased interest rates for senior citizens. This special rate will be applicable on FDs ranging from Rs 1 crore to Rs 3 crore, in which interest up to 7.90% will be available. FD investors will get good benefits due to this new interest rate issued by Bank of Baroda. This can be a great opportunity for those who are looking for high interest along with safe investment.

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Many banks have increased the interest rates on FD this month. According to experts, the trend of earning on FD may continue for a few more months i.e. in 2024. Let us also tell you which bank has increased the interest on FD by how much.

Bank of India increases FD rates in December 2023

Bank of India has increased the interest rates on FDs of Rs 2 crore and above and less than Rs 10 crore for its customers and general public from December 1, 2023. Bank of India has increased its FD rates for short periods. 5.25% on FD of 46 days to 90 days, 6.00% on FD of 91 days to 179 days, 6.25% on FD of 180 days to 210 days, 6.50% on FD of 211 days to less than 1 year and one year FD But interest is available at 7.25% per annum.

DCB Bank increases FD rates in December 2023:

Fixed deposit rates on selected tenures have been increased for FDs less than Rs 2 crore. The new rates are effective from December 13. According to the bank’s website, after the change in rates, general customers will get 8% interest and senior citizens will get 8.60% interest. General customers are being given interest rates ranging from 3.75% to 8% on FDs of seven days to 10 years and senior citizens are being given interest rates ranging from 4.25% to 8.60%.

Kotak Bank increases FD rates in December 2023

Kotak Mahindra Bank increased the interest rates for periods ranging from three to five years. After revision, Kotak Bank is offering interest rates of 2.75% to 7.25% on FDs maturing in seven days to ten years. It is offering interest rates of 3.35% to 7.80% for senior citizens. These rates are applicable from 11 December 2023.

Federal Bank increases FD rates in December 2023:

The bank has increased the FD rates from December 5, 2023 to 7.50 percent for 500 days. At the same time, for senior citizens, maximum interest is given at 8.15% for a period of 500 days and 7.80% for a period of more than 21 months to less than three years.

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