Federal Bank has made its customers happy by increasing the limit of their FDs. Federal Bank has increased the interest rates on FDs below Rs 2 crore. Federal Bank has announced a hike of 77 basis points in interest rates. According to Federal Bank, these increased rates will be valid only for a short time.

New FD interest rates of Federal Bank

Federal Bank is offering 3 percent interest rate on FDs maturing in 7 to 29 days and 3.25 percent on FDs maturing in 30 to 45 days. According to the bank’s website, it is paying 4.00 per cent interest on FDs maturing in 46 days to 60 days and 4.75 per cent interest on FDs maturing between 61 days to 90 days. 4.75 per cent on FDs maturing in 91 to 119 days.

Interest will be given at the rate of %. Those maturing in the next 120 to 180 days will now get interest at the rate of 5%. The bank is offering an interest rate of 5.75 percent on FDs maturing in the next 181 days to 270 days and 6 percent on FDs maturing in less than a year from the next 271 days.

Now these will be the new rates

Federal Bank is now offering an interest rate of 6.80 per cent on FDs maturing in 1 year to less than 15 months and 7.25 per cent on FDs maturing in 15 months to 2 years. FDs of more than two years and less than three years will now get interest at the rate of 6.75 percent. Maturity FDs of three years to less than five years will now get interest at the rate of 6.60 percent. The bank is offering an interest rate of 6.60 percent on FDs with a period of 5 years and above.

How much interest is being received on savings account

The bank is also offering an interest rate of up to 7.15 per cent on its savings account. According to the Federal Bank website, the interest rate is linked to the repo rate, so whenever the RBI changes the repo rate, that bank will also change the FD interest rates.

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According to the official website of the bank, the new rates will be applicable from June 2, 2023. The bank now offers an interest rate of 3.50 per cent on FDs with maturity between 7 days and 30 days.

Apart from this, the bank is providing an interest rate of 4 percent for FDs maturing between 31 to 45 days. The bank offers an interest rate of 4.5 percent for FDs maturing between 46 to 60 days and 4.6 percent for FDs maturing in 61 and 90 days. IndusInd Bank offers an interest rate of 5 percent for FDs maturing between 91 to 120 days. The bank offers an interest rate of 5 percent for FDs maturing between 121 to 180 days.

1. After the revision, the bank offers an interest rate of 5.85 per cent on FDs maturing between 181 to 210 days.
2. The bank offers an interest rate of 6.10 percent for FDs maturing between 211 to 269 days.
3. IndusInd Bank offers an interest rate of 6.35 per cent for deposits maturing between 20 and 364 days.
4. The bank is now offering an interest rate of 7.75 per cent on FDs maturing between one year and two years.
5. The bank offers an interest rate of 7.50 per cent for FDs maturing in two years, three years and more than three months.
6. IndusInd Bank offers an interest rate of 7.25 percent for FDs maturing in three years and three months and less than 61 months.

Senior Citizen will get 8.25% interest

IndusInd Bank will now offer an interest rate of 7 percent for FDs maturing in more than 61 months. The bank offers an interest rate of 7.25 per cent on Indus Tax Saver Scheme (5 years). Senior citizens are eligible for an additional 0.50 percent interest rate on all FDs. The interest rate for senior citizens ranges from 4 percent to 8.25 percent.

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Getting so much interest

Jana Small Finance Bank (SFB) is offering 3.75% interest on FDs maturing in 7-14 days. At the same time, FD of 15-60 days is 4.25 percent. For a period of 61 to 90 days, the bank is paying interest at the rate of 5.00 per cent. Offering interest at the rate of 6.25 per cent to customers for a period of 91 to 180 days. On FDs of 181-364 days, customers will get interest at the rate of 7.00 per cent.

Bank is giving special FD

Jana Small Finance Bank The bank said that the new interest rates on FDs FD scheme will be available to both new and existing customers of Jana Small Finance Bank. Customers can book or invest in FDs from the comfort of their homes or offices through Internet Banking. Jana Small Finance Bank’s interest of 8.85 per cent on 500 days FD is more than the SCSS scheme i.e. Senior Citizen Saving Scheme scheme. Currently, customers are getting 8 percent interest under the Senior Citizen Savings Scheme. Under the special FD of the bank, the bank is giving 8.15% interest to the common people and 8.85% to the senior citizens on 5-year FD.

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However, by opting for the old tax regime, investors will get the benefit of tax saving as before. Investment experts are looking at investing in FDs as a better option, because banks have increased the interest rates on FDs to a great extent, which have crossed even 9 per cent. The trend of investors in FD is also increasing because there is no risk of sinking the amount invested in it and guaranteed returns are available.

Interest rate up to 9.01 percent on Fincare Small Finance Bank FD

Fincare Small Finance Bank is giving investors the opportunity to invest in FDs of tenure ranging from 7 days to 66 months. According to the bank, the bank is giving 8.11 percent interest rate to ordinary citizens on FDs maturing in 750 days. At the same time, 8.71 percent interest rate is being given to seniors on FD of 750 days.

Similarly, Fincare Small Finance Bank is giving an interest rate of 8.41% to ordinary citizens on FDs maturing in 1000 days. Whereas, the highest interest rate of 9.01 per cent has been offered to senior citizens on the same tenure. The bank’s FD interest rates have been made effective from 24 March.

9.50 percent interest rate on Unity Small Finance Bank FD

Unity Small Finance Bank is offering FD of tenure ranging from 7 days to 10 years to its customers. The bank has increased the interest rates on FDs of all tenures from 15 February. Unity Small Finance Bank is paying 9.25% interest to senior citizens and 8.75% to general customers on 181-201 days and 501 days fixed deposits.

Small Finance Bank is giving 9.00 percent interest rate to general customers on investment for 1001 days, while on the same tenure it has offered 9.50 percent interest rate to senior citizens. The interest rates of the bank were revised on 15 February.

Investing in small banks will not harm your money

Small Finance Banks (SFBs) are offering the highest interest rates ranging from 8 per cent to 9 per cent on Fixed Deposits (FD) to common citizens. At the same time, for seniors, these interest rates are being given up to 9.50 percent, which is the maximum.

Remember that deposits under small finance banks are also covered by Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance. This means that your FD deposit amount up to Rs 5 lakh is covered under the insurance scheme. If the Small Finance Bank collapses or is placed under moratorium, then your money is not lost.

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According to media report, now customers will get interest ranging from 4.50% to 6.75% on FDs maturing in 7 days to 10 years. Explain that customers will get the highest interest of 7.15% on FDs maturing in a period of 15 months to 2 years . Let us know what is the interest rate on FD of different periods.

ICICI Bank bulk FD rates are like this

7 days to 29 days 4.50%

30 days to 45 days – 5.25%

46 days to 60 days 5.50%

61 days to 90 days 5.75%

91 days to 184 days 6.25%

185 days to 270 days 6.50%

271 days to less than 1 year 6.65%

1 year to less than 15 months 7.10%

15 months to 2 years – 7.15%

2 years 1 day to 3 years 7%

3 years 1 day to 10 years 6.75%

Interest rate on FD less than 2 crores

The interest rates offered by ICICI Bank on FDs of less than 2 crores are applicable from December 16, 2022. Under this, common people will get a maximum interest rate of 7% on FDs of 15 months to 5 years. Senior citizens will get a maximum return of 7.50% on FDs of 15 months to 10 years.

Interest rate on FD less than 2 crores

The interest rates offered by ICICI Bank on FDs of less than 2 crores are applicable from December 16, 2022. Under this, common people will get a maximum interest rate of 7% on FDs of 15 months to 5 years. Senior citizens will get a maximum return of 7.50% on FDs of 15 months to 10 years.

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Bandhan Bank is now offering 3.00% to 7.50% interest to general public and 3.75% to 8% interest to senior citizens on FDs maturing in 7 days to 10 years. The bank is offering a maximum interest of 7.50% to general public and 8% to senior citizens on FDs of 600 days (1 year, 7 months, 22 days). These new rates are available on FDs of Rs 2 crore or less. The benefit of these new rates will be available only to new FDs or FDs that are being renewed.

Bandhan Bank FD Rates

The bank is offering 3.00% interest on FDs maturing in 7 days to 30 days. Bandhan Bank is offering an interest of 3.50% on FDs maturing in less than 31 days to 2 months. Bandhan Bank is offering 4.50% interest on FDs of 2 months to less than 1 year. The bank is now offering 7.25% interest on FDs of 1 year to 599 days. These rates are for common people. At the same time, senior citizens are being given 0.50 percent more interest.

Senior citizens are getting 8 percent interest

With the new increase of Bandhan Bank, customers are offering the highest interest of up to 7.50% to the general public on FDs of 600 days. At the same time, senior citizens will get an additional interest of 0.50% i.e. 50 bps. They ie senior citizens are getting 8% return on FDs of more than 600 days. Senior citizens will get 0.75% or 75 bps higher interest on FDs maturing in less than 1 year. The bank is offering 5.85 per cent interest on FDs of 5 to 10 years.

Bandhan Bank’s FD can be taken sitting at home

Existing Bandhan Bank customers can also enjoy the benefits of booking or investing in FDs at the convenience of their homes or offices through Retail Internet Banking or M Bandhan Mobile App. With this online process, customers can book FDs instantly from the comfort of their homes without any hassle.

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The bank is now offering an interest rate of 3.75% for FDS maturing in 7 days to 29 days, and ICICI Bank is now offering an interest rate of 4.75% for those maturing in 30 days to 45 days.

Let us know that ICICI Bank’s FD rates

maturing between 46 and 60 days will fetch interest at the rate of 5.00%, while FDs maturing between 61 and 90 days will fetch interest at the rate of 5.25%. 6.00% interest rate on FDs maturing in 185 days to 270 days, while ICICI Bank is now offering 5.75% interest rate on FDs maturing in 91 days to 184 days.

For maturing in 271 days to less than 1 year, the bank is offering an interest rate of 6.25%. ICICI Bank is now offering an interest rate of 6.75% for maturing in 1 year to 15 months. For maturing in 15 months to 3 years is 6.80% and for maturing in 3 years 1 day to 10 years is 6.50%.

Apart from this, ICICI Bank has also changed the interest rates on FDs of Rs 5 crore and above. After this change in interest rates, ICICI Bank will give 3.75% to 7.15% interest on FDs of 7 days to 10 years to its customers. Apart from this, you will also get the facility of premature withdrawal on FDs above Rs 5 crore.

On the other hand, the bank has not made any change in the interest rate on FDs of less than Rs 2 crore. On FDs of less than Rs 2 crore, the bank is giving 3% to 6.60% interest to its general customers and 3.50% to 7.10% to senior citizen customers.

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According to the information given on the official website of the bank, the new interest rates will be effective from September 23, 2022. Following this change, IndusInd Bank is now offering interest rates ranging from 4.00% to 6.65% on non-callable FDs maturing in 7 days to 61 months or more.

Here are the new rates of interest on FDs

IndusInd Bank is offering a maximum interest rate of 6.65% while increasing the interest rates on non-callable FDs. Looking at the new rates, the bank is now promising an interest rate of 4.00% on non-callable FDs maturing in 7 days to 14 days, 4.10% for FDs of 15 days to 30 days. As per the new rates, IndusInd Bank now offers 4.35% on FDs maturing in 31 days to 45 days, 4.45% for 46 days to 60 days, 4.65% from 61 days to 90 days, maturing in 91 days to 120 days. Offering an interest rate of 5.15% on FD.

6.65% interest rate on FD is maximum

similarly, bank now 5.25% on FDs maturing in 121 days to 180 days, 5.40% on 181 days to 210 days, 269 on 211 days, 5.55%, 270 days to 354 now Interest rate of 5.90% will be available. IndusInd Bank will now pay 6.15% on FDs maturing in 355 days to 364 days, 6.40% on FDs maturing in 6 months, and 6.65% on deposits for a period of 61 months and above.

What is Non-callable FD

IndusInd Bank has stated on its website that a non-callable FD is an FD from which withdrawal is not allowed before the expiry of the term of the FD. Under this, premature withdrawal is not allowed for an amount exceeding Rs 1 crore. The bank offers non-callable FDs only for non-individuals.

The bank has also said on its website that senior citizens (aged 60 years and above) will get 0.75 percent additional interest from the general public on FDs of less than Rs 2 crore. If senior citizens choose to keep deposits of value more than or equal to Rs 2 crore, then they will not get the benefit of additional interest.

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