Shriram Finance Limited, one of the largest NBFCs in the country, belongs to the Shriram Group. Shriram Finance Limited is offering an interest of 9.05% per annum. Women senior citizens are getting this special FD rate. Shriram Finance Limited is offering 0.50% extra interest to senior citizens and 0.10% extra interest to women. Let us know about the FD schemes of Shriram Finance Limited.

Shriram Finance Limited had recently increased the interest

Shriram Finance Limited recently increased interest rates on FDs by 5 to 30 basis points. That is, the interest on FDs was increased from 0.05% to 0.30%. According to the company, customers can earn interest ranging from 9.05 percent to a maximum of 9.36 percent on customer FDs and an additional interest of 0.25 percent will also be given on all renewals. Shriram Finance Limited is giving additional interest of 0.50% to senior citizens and 0.10% to women.

These are the interest rates

The company said in an official statement that Shriram Finance has increased the interest on fixed deposits to 9.36 per cent. After the yield on this, you will get interest around 11.29 percent. The company said that the interest of FDs ranging from 12 months to 60 months has been renewed. You can apply offline or online with Shriram Finance Limited.

FD interest can be calculated on the website

Shriram Finance Limited had increased interest by 0.30 per cent on 12-month FDs. The interest received on this was earlier 7 per cent, which was increased to 7.30 per cent. Interest on 60-month FDs was increased by 0.15 per cent from 8.30 per cent to 8.45 per cent. Now a maximum interest of 9.05 per cent and 9.36 per cent is being offered. You can see the calculation of interest received by visiting the website of Shriram Finance Limited.

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FD Rates Increased: ICICI Bank, the country’s largest private sector bank, has increased the interest rates on its bulk FD ie deposits of more than 2 crores. After this increase, now another private bank has taken this decision. The name of this bank is Axis Bank.

Recently this bank has decided to increase the interest rate on its deposits of more than 2 crores. These new rates have come into effect from 29 November 2022. The bank had offered interest rates ranging from 3.75 per cent to 7.20 per cent on FDs ranging from Rs 24.75 crore to Rs 25 crore to its ordinary citizens.

On the other hand, talking about senior citizens, it is offering interest rates ranging from 3.75 percent to 7.95 percent. In such a situation, this bank is offering more returns than the rate of inflation to the customers. In the month of October, the inflation rate in the country has been 6.77 percent. On the other hand, if you want to get an FD of Rs 5 to 10 crore in the bank, then we are giving you information about the latest interest rate offered by the bank-

Axis Bank interest on FD of Rs 5 to 10 crores-

• 7 to 14 days FD – 4.65%
• 15 days to 45 days FD – 5.00%
• FD from 46 days to 6 months – 6.00 percent
• FD from 6 months to 9 months – 6.35 percent
• FD from 9 months to 1 year – 6.40 percent
• 1 year to 1 year 5 days FD – 7.15%
• FD of 1 year 5 days to 3 years – 6.80%
• FD from 3 years to 10 years – 6.30 percent

ICICI Bank increased the interest rate on FDs of 2 to 5 crores-

ICICI Bank is offering interest rates ranging from 3.75 percent to 6.50 percent to its ordinary citizens. At the same time, the bank is offering interest rates ranging from 3.75 percent to 6.50 percent to senior citizens. These new rates have come into effect from 23 November 2022. Let us know about the interest rate available on different periods-

• 7 to 29 days FD – 3.75%
• 30 to 45 days FD – 4.75 percent
• FD of 46 to 60 days – 5.00 percent
• 61 to 90 days FD – 5.25 percent
• FD of 91 to 184 days – 5.75%
• FD of 185 days to 270 days – 6.00%
• FD from 271 days to 1 year – 6.25 percent
• FD from 1 year to 15 months – 6.75 percent
• FD from 18 months to 3 years – 6.80 percent
• 3 to 5 days FD – 6.80%
• FD from 5 to 10 years – 6.50 percent

RBI increased the interest rate many times

To control the rising inflation in India, RBI is continuously increasing the interest rates. Since May till now, the repo rate has increased from 4.00 percent to 5.90 percent. The last time the Reserve Bank increased the interest rate was on 30 September. In such a situation, due to this increase, many banks are increasing the interest rate in both their bulk and retail FDs. Now many banks like Federal Bank, State Bank of India, Punjab National Bank, ICICI Bank, Axis Bank, Indian Overseas Bank Has increased its fixed deposit rates.

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For Yes Bank, the new rates came into effect on November 3 and for ICICI Bank, for deposits between Rs 2 crore and Rs 5 crore, the new rates came into effect from today, while the interest rates for deposits below Rs 2 crore amended. This is effective from 29 October. As far as Yes Bank is concerned, the fixed deposit interest rates start from 3.25 per cent and the maximum is 7.5 per cent.

Yes Bank FD interest rates on deposits below Rs 2 crore

Yes Bank is now giving returns of 3.25 per cent for deposits maturing in 7 days to 14 days, 3.7 per cent for fixed deposits maturing in 15 days to 45 days, 4.1 per cent for 46 days to 90 days, 91 days 4.75 percent for 180 days, 5.5 percent for 181 days to 271 days, 5.75 percent for less than 1 year 272 days, 6.5 percent for one year to less than 18 months, 18 months to 10 years 6.75 percent Return will be given. Senior citizens will get an additional interest rate of 0.5 per cent for fixed deposits maturing between 7 days to three years and an additional 0.75 per cent for deposits maturing between three years and 10 years.

ICICI Bank FD rates for deposits below Rs 2 crore

ICICI Bank is now offering an interest rate of 3 per cent for fixed deposits maturing between 7 days to 29 days, 3.5 per cent in case of deposits maturing between 30 days to 45 days, deposits of 46 days to 60 days. 3.75 per cent for deposits maturing in 61 days to 90 days, 4 per cent for deposits maturing in 91 days to 184 days, 5.25 per cent for deposits maturing in 185 days to 210 days, 290 days to less than one year Fixed deposits maturing in 5.5 per cent, 6.1 per cent for deposits of one year to 18 months, 6.15 per cent for deposits from 18 months to 2 years, two years for one day to 3 years fixed deposits 6.2 per cent, 6.35 per cent for 3-year FDs of one day to 5 years and 6.25 per cent for deposits maturing in five years from one day to 10 years.

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In the same sequence, Indian Overseas Bank of the public sector has also increased the rates of its fixed deposits ie FD. The new rates are going to be effective from September 13.

New FD Rate’s

Let us tell you that Indian Overseas Bank has increased the interest rates on FDs of less than Rs 2 crore.

1. Under this, 3.25 percent interest will be available on fixed deposits of 7 to 29 days.
2. On 30 to 45 days, 3.35 percent interest will be available.
3. On 46 to 90 days, 3.75 percent interest will be available.
4. On 91 to 120 days 4.10 percent interest will be available.
5. On 121 to 179 days 4.10 percent interest will be available.
6. Interest will be 4.65 percent on 180 to 269 days.
7. On FD of less than 270 to 1 year, 4.65 percent interest will be available.
8. Between 1 year to 2 years, 5.50 percent interest will be available.

Special Interest on Special FD (Special FD Scheme)

Indian Overseas Bank has launched a special FD scheme of 444 days. In this scheme, the customer will get 5.65 percent interest rate for 444 days. If the customer makes an FD for 2 to 3 years, then he will get 5.60% interest. Apart from this, 6.00% interest is being given on 1000 days FD.

Many banks have increased interest rates on FD

After the increase in the repo rate by RBI, many banks have increased their FD rates. Private sector Axis Bank has also increased its FD rates. The bank has increased the interest rates by 25 basis points. These rates have come into effect from 9 September 2022.

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Explain that since the decision of the Reserve Bank of India to increase the repo rate, banks are continuously increasing their FD rates, Saving Bank Account and RD Rates. Now the name of Bank of Maharashtra and Punjab and Sind Bank has also been included in this list.

RBI increased FD rates thrice for three months Let us tell you that Reserve Bank of India is continuously increasing its repo rate to control inflation in the country. In the months of May and June, the central bank increased the repo rate. At present the repo rate is 5.40%.

Due to the increase in the Repo Rate, customers are getting a higher interest rate on deposits, but at the same time the interest rate on loans is increasing. This is also increasing the EMI burden on the customers. Let us give you information about the latest FD rates of Bank of Maharashtra and Punjab and Sind Bank.

Bank of Maharashtra’s interest rate on FD less than Rs 2 crore-

• 7-30 days- 2.75%
• 31-45 days- 3.00%
• 46-90 days- 3.50%
• 91-119 days- 3.75%
• 120-180 days- 3.90%
• 181-270 days- 4.25%
• 271-364 days – 5.00%
• 1 year – 5.40%
• 1-2 years – 5.40%
• 2-3 years – 5.40%
• 3-5 years – 5.40% Above
• 5 years – 5.40%

Interest rate on FD of less than Rs 2 crore in Punjab and Sindh-

• Up to 7-14 days- 2.80%
• 15-30 days- 2.80%
• 31-45 days- 3.00%
• 46-90 days- 3.80%
• 91-120 days- 3.95%
• 121-150 days- 4.00%
• 151-179 days- 4.00%
• 180-269 days – 4.50%
• 270-364 days – 4.65% up to
• 1-2 years – 5.65%
• 2-3 years – 5.80%
• 3 years to 5 years – 5.75%
• 5 to 10 years – 5.75%

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