From festivals to summer vacations and the peak season of weddings, the biggest problem Indians face is the waiting for confirmed tickets for traveling in trains. Indian Railways is constantly making many efforts for this, which includes running special trains. Meanwhile, on Saturday, Railway Minister Ashwini Vaishnav made a big announcement that within just 2 months, ‘Vande Bharat Sleeper’ train sets will start running on the tracks in the country.

Railway Minister Ashwini Vaishnav said during a conversation with journalists that the government is constantly trying to deal with the problem of waiting in trains. At the same time, ‘Vande Bharat Sleeper’ will start running on the tracks within 60 days.

Also Read: Karnataka government hikes petrol diesel prices by Rs 3 per Litre. Details Here

Vande Bharat Sleeper is ready to run

Railway Minister Ashwini Vaishnav said that ‘Vande Bharat Sleeper’ is ready to run on the tracks. At present, 2 train sets have been prepared. These two trains will be tested for the next 6 months. After that these trains can be launched for general service. Currently, a basic train set of 4 coaches has been prepared for Vande Bharat Sleeper.

Not only this, the government plans to bring about 400 Vande Bharat trains on the track in the next five years. Vande Bharat trains do not have a separate engine, rather it is a part of the train set. This helps the train to run at high speed. Its design is made aerodynamic.

Railways trying to end waiting

Railway Minister Ashwini Vaishnav also told about the railway’s efforts to reduce the crowd in trains. He said that this time 19,837 trips of trains have been increased in the summer season to reduce the crowd. This time about four crore extra people have traveled in the summer season. The focus of the government is to increase the rail infrastructure. Thousands of kilometers of new lines have been laid in the last ten years. About 14.5 kilometers of railway track is being built every day in the country.

He said that the railway track has a length of 1,29,000 km from the track point. The maximum development of railways is happening in Tamil Nadu. Tamil Nadu has received railway projects worth Rs 6,321 crore. Regarding the bullet train, he said that its 310 km track has been built. The progress of the under sea tunnel is quite good.

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According to the bank’s website, the new rates have come into effect from November 21, 2023. The bank is offering FD ranging from 7 days to 120 months. The bank is offering interest ranging from 3.25 percent to 7.75 percent to common citizens. At the same time, the bank is offering interest ranging from 3.75 percent to 8.25 percent to senior citizens.

New rates on Yes Bank FD – These rates are on FD less than Rs 2 crore.

7 days to 14 days: 3.25 percent (General Public)/ 3.75 percent (Senior Citizens)

15 days to 45 days: 3.70 percent (General Public)/ 4.20 percent (Senior Citizens)

46 days to 90 days: 4.10 percent (General Public)/ 4.60 percent (Senior Citizens)

91 days to 120 days: 4.75 percent (General Public)/ 5.25 percent (Senior Citizens)

121 days to 180 days: 5% (General Public)/ 5.50% (Senior Citizens)

181 days to 271 days: 6.10 percent (General Public)/ 6.60 percent (Senior Citizens)

272 days to less than 1 year: 6.35 percent (General Public)/ 6.85 percent (Senior Citizens)

One year: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens)

1 year to 18 months: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens)

18 months to less than 24 months: 7.75 percent (General Public)/ 8.25 percent (Senior Citizens)

24 months 1 day to less than 36 months: 7.25 percent (General Public) / 7.75 percent (Senior Citizens)

36 months to 60 months: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens).

60 months: 7.25 percent (General Public)/ 8 percent (Senior Citizens)

60 months 1 day to 120 months: 7% (General Public)/ 7.50% (Senior Citizens)

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IDBI Bank offers an interest rate of 7.10 per cent for general public and 7.60 per cent for senior citizens on a special maturity period of 375 days. IDBI Bank has informed on its website that Amrit Mahotsav FD is valid till August 15, 2023 for 375 days and 444 days.

IDBI Bank has introduced a special bucket of Amrit Mahotsav FD for 375 days offering a maximum rate of 7.60% per annum valid till August 15, 2023. Apart from this, Amrit Mahotsav FD offers the highest rate of 7.65 per cent per annum for the current 444 days under the callable option and the maximum rate of 7.75 per cent per annum under the non-callable option.

Special Rates for Senior Citizens

Under the special scheme of the bank, IDBI Bank is providing an interest rate of 7.10 per cent per annum for the general public and 7.60 per cent per annum for senior citizens. The bank has also introduced an additional option for 444-day FDs with interest rates of 7.65 per cent per annum for callable FDs and 7.75 per cent per annum for non-callable FDs, specially designed for senior citizens.

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We are going to tell you whether the Rs 100 note lying in your pocket is real or fake. Actually, people should know how to identify real notes and fake notes. Let us know how you can know whether the note you have is real or fake…

Inspect thread

The security thread is a vertical thread embedded in the currency note. When the note is tilted, it changes color and the denomination of the note is printed on it. Check the color of the thread and make sure it changes color when bent. If the thread does not change color or is missing, it is likely to be a fake note.

Check the Watermark

A watermark is an embedded image that is visible when held up to light. Check the watermark of the image of Mahatma Gandhi and the denomination of the note. If the watermark is missing or blurred, the note is likely to be fake.

Observe the Micro-Lettering

Micro-lettering is a feature only visible under a magnifying glass. The micro-lettering on the currency note should be sharp and clear. The letters should be in English and Hindi and should be legible. If the letters are not clear or legible, then the note is likely to be fake. Check print quality The print quality of the currency note should be sharp and clear. The lines should be crisp and the colors should be bright. If the print quality is poor, then the note is likely to be fake.

Quality of Paper

Check the quality of the paper, the paper used for printing currency notes is not ordinary as it is a cotton paper which is a blend of 75 per cent cotton and 25 per cent linen.

See Intaglio Printing

Intaglio printing is a printing process that produces an enhanced effect on a note. The enhanced effect can be felt by running your fingers over it. The intaglio printing on the currency note should be clear and sharp. If the printing is flat and there is no raised effect, then the note is likely to be fake.

Serial Number

Every currency note has a unique serial number. Check the serial number on the note and make sure it is not repeated or missing a number. If the serial number is missing or duplicated, the note is likely to be fake.

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S&P ratings gave information

S&P Ratings has given information about this on Friday. However, the new norms will not affect the prices of gas produced from difficult fields. Companies like Reliance Industries Limited operate in such sectors.

The government had announced on April 6,the government had announced new guidelines on April 6, 2023. Under this, the government will fix the prices of domestically produced gas on a monthly basis. This rate will be 10 percent of the Indian crude basket (average price of crude oil imported by India) in the previous month.

Earlier, the review used to happen once in 6 months.

The government also fixed a lower limit of US$ 4 per million British Thermal Unit (unit) and an upper limit of $ 6.5 per unit for the gas price. “We expect the new gas pricing norms to result in more rapid price revisions,” said Shruti Jatakia, credit analyst at S&P Global Ratings. Earlier the prices were reviewed once in six months.

Rating company issued statement

S&P said in a statement that the lower price range means that ONGC will be able to get a price of at least $ 4 per unit on its gas production. Even if the international natural gas prices are historically low. Similarly, an upper limit on prices will limit earnings growth for ONGC. Especially this will be seen amidst the current increased prices.

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The annual interest rate on FDs of 2 years to less than 3 years will be 7 percent. The interest rate on FDs of 3 years to 4 years is 6.5 percent. It is getting 6.25 percent interest on FDs between 4 years and 5 years. Not only this, Indian Overseas Bank (IOBs) has also increased the interest rates on Fixed Deposit.

Interest rates are applicable from today

These new rates of Kotak Mahindra Bank have come into effect from today, April 10, 2023. The bank is now paying 7.20 per cent interest on FDs ranging from 390 days to less than two years. 6.20 percent interest is being received on FDs of more than 5 years. Along with this, senior citizens are getting 0.50 percent more interest. Here are the FD interest rates of Kotak Mahindra Bank from today.

• 7 days to 14 days – For general public: 2.75 per cent; For Senior Citizen: 3.25 percent
• 15 days to 30 days – For general public: 3.00 per cent; For Senior Citizen: 3.50 percent
• 31 days to 45 days – For general public: 3.25 per cent; For Senior Citizen: 3.75 percent
• 46 days to 90 days – For general public: 3.50 per cent; For Senior Citizen: 4.00 percent
• 91 days to 120 days – For general public: 4.00 per cent; For Senior Citizen: 4.50 percent
• 121 days to 179 days – For general public: 4.25 per cent; For Senior Citizen: 4.75 percent
• 180 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
• 181 days to 269 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
• 270 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
• 271 days to 363 days – For general public: 5.75 per cent; For Senior Citizen: 6.25 percent
• 364 days – For general public: 6.00 per cent; For Senior Citizen: 6.50 percent
• 365 days to 389 days – For general public: 7 percent; For Senior Citizen: 7.50 percent
• 390 days (12 months 25 days) – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
• 391 days to less than 23 months – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
• 23 months – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
• 23 months 1 day to less than 2 years – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
• 2 years to less than 3 years – For general public: 7 percent; For Senior Citizen: 7.50 percent
• 3 years and above but less than 4 years – For general public: 6.50 per cent; For Senior Citizen: 7 percent
• 4 years and above but less than 5 years – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent
• 5 years and above and up to and including 10 years – For general public: 6.20 per cent; For Senior Citizen: 6.70 percent.

Indian Overseas Bank Interest Rates

Indian Overseas Bank (IOB) has revised the interest rates on FDs from 10 April 2023. The bank is now offering 6.50 per cent interest on one year FD. The bank has increased the interest by 0.10 percent.

Interest on FD of 444 days has been increased from 7 per cent to 7.25 per cent per annum. For FDs between 2 years and 3 years, the interest rate increased from 6.4 percent to 6.8 percent. For FDs of more than 3 years, the interest is 6.5 per cent. No changes have been made to it.

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The new rates have come into effect from today, February 10, 2023. Kotak Bank is offering FDs ranging from 7 days to 10 years to its customers. It is offering interest ranging from 2.75 per cent to 7.50 per cent to general customers and senior citizens. At the same time, 7.50 percent interest is being given to senior citizens.

These are the new rates of Kotak Bank

7 days to 14 days – For general public: 2.75 per cent; For Senior Citizen: 3.25 percent

15 days to 30 days – For general public: 3.00 per cent; For Senior Citizen: 3.50 percent

31 days to 45 days – For general public: 3.25 per cent; For Senior Citizen: 3.75 percent

46 days to 90 days – For general public: 3.50 per cent; For Senior Citizen: 4.00 percent

91 days to 120 days – For general public: 4.00 per cent; For Senior Citizen: 4.50 percent

121 days to 179 days – For general public: 4.25 per cent; For Senior Citizen: 4.75 percent

180 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent

181 days to 269 days – For the general public: 6 percent; For Senior Citizen: 6.50 percent

270 days – For general public: 6 percent; For Senior Citizen: 6.50 percent

271 days to 363 days – For general public: 6 percent; For Senior Citizen: 6.50 percent

364 days – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent

365 days to 389 days – For general public: 6.90 per cent; For Senior Citizen: 7.40 percent

390 days (12 months 25 days) – For general public: 7 percent; For Senior Citizen: 7.50 percent

391 days to less than 23 months – For the general public: 7 percent; For Senior Citizen: 7.50 percent

23 months – For the general public: 7 percent; For Senior Citizen: 7.50 percent

23 months 1 day to less than 2 years – For general public: 7.10 per cent; For Senior Citizen: 7.60 percent

2 years to less than 3 years – For general public: 6.75 per cent; For Senior Citizen: 7.25 percent

3 years and above but less than 4 years – For general public: 6.50 per cent; For Senior Citizen: 7 percent

4 years and above but less than 5 years – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent

5 years and above and up to and including 10 years – For general public: 6.20 per cent; For Senior Citizen: 6.70 percent.

Interest on FD increased after RBI increased repo rate

The Reserve Bank of India (RBI) in the Monetary Policy Committee ( MPC ) increased the repo rate by 25 basis points to 6.50 percent. To curb inflation, RBI has been increasing the repo rate since May. Due to this, most of the banks in India are increasing the interest rates on Fixed Deposit.

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Modi government has started many schemes for the general public of the country. Today we will tell you about such a scheme, in which the government will give you Rs 20,000 every month. The name of this scheme is National Pension Scheme.

Old age will be secure

National Pension Scheme is a government scheme, through which your old age remains secure. The special thing is that there is zero risk in it and money is also guaranteed. This scheme was started in the year 2004 for the government employees. At the same time, in the year 2009, this scheme was opened for all categories.

40% annuity has to be invested. Under this scheme, you have to invest for a long period of time in your working life. In this scheme, you have to invest 40% of the amount in annuity. It is from the amount of annuity that you get pension later on.

What are the benefits of the scheme-

>> In this scheme you can start with Rs.1000.
>> People from 18 to 70 years can take advantage of this scheme.
>> 60% amount will be track free on final withdrawal.
>> Contribution limit in NPS account is 14 percent.
>> The amount invested in the purchase of annuity is also completely exempt from tax.

Will get more than Rs 20,000 every month

If you invest Rs 1000 a month in this scheme at the age of 20, then till retirement you will have a total fund of Rs 5.4 lakh. There will be 9 to 12 percent return on this, due to which this investment will increase to 1.05 crores. If 40 percent of the corpus is converted into one year, then this prize will be Rs 42.28 lakh. Accordingly, assuming an annual rate of 10 percent, you will get a pension of Rs 21,140 every month. Along with this, you will get a lump sum amount of about Rs 63.41 lakh.

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Kotak Bank is offering FDs ranging from 7 days to 10 years to its customers. It is offering interest ranging from 2.75 per cent to 6.50 per cent to general customers. At the same time, 7 percent interest is being given to senior citizens.

Kotak Bank increased interest on this FD

Kotak Mahindra Bank has increased the interest on FDs of more than 2 years and less than 3 years from 6.50 percent to 6.75 percent. On this FD, senior citizens will get 7.25% interest on this FD. There has been no change in interest on all other FDs.

These are the new rates of Kotak Bank

7 days to 14 days – For general public: 2.75 per cent; For Senior Citizen: 3.25 percent

15 days to 30 days – For general public: 3.00 per cent; For Senior Citizen: 3.50 percent

31 days to 45 days – For general public: 3.25 per cent; For Senior Citizen: 3.75 percent

46 days to 90 days – For general public: 3.50 per cent; For Senior Citizen: 4.00 percent

91 days to 120 days – For general public: 4.00 per cent; For Senior Citizen: 4.50 percent

121 days to 179 days – For general public: 4.25 per cent; For Senior Citizen: 4.75 percent

180 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent

181 days to 269 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent

270 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent

271 days to 363 days – For general public: 5.75 per cent; For Senior Citizen: 6.25 percent

364 days – For general public: 6.00 per cent; For Senior Citizen: 6.50 percent

365 days to 389 days – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent

390 days (12 months 25 days) – For general public: 7 percent; For Senior Citizen: 7.50 percent

391 days to less than 23 months – For the general public: 7 percent; For Senior Citizen: 7.50 percent

23 months – For the general public: 7 percent; For Senior Citizen: 7.50 percent

23 months 1 day to less than 2 years – For general public: 7 percent; For Senior Citizen: 7.50 percent

2 years to less than 3 years – For general public: 6.75 per cent; For Senior Citizen: 7.25 percent

3 years and above but less than 4 years – For general public: 6.50 per cent; For Senior Citizen: 7 percent

4 years and above but less than 5 years – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent

5 years and above and up to and including 10 years – For general public: 6.20 per cent; For Senior Citizen: 6.70 percent.

Interest on FD increased after RBI increased repo rate

The Reserve Bank of India (RBI) raised the repo rate by 35 basis points to 6.25 per cent in the Monetary Policy Committee ( MPC ) on 7 December. To curb inflation, RBI has been increasing the repo rate since May. Due to this, most of the banks in India are increasing the interest rates on Fixed Deposit.

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Post revision, the bank is currently offering interest rates on deposits maturing in 7 days to 10 years which ranges from 4.00% to 5.25% for general public and 4.50% to 5.75% for senior citizens. The bank is now offering a maximum return of 8.00% for general public and 8.50% for senior citizens for a deposit period of 999 days (2 years 8 months and 25 days).

Know interest rates for all maturity periods

The bank is now offering an interest rate of 4.00% on deposits maturing in 7 to 14 days, while ESAF Small Finance Bank (SFB) is also offering an interest rate of 4.00% on deposits maturing in the next 15 to 59 days is offering an interest rate of 4.50%. Deposits of 60 days to 90 days will now fetch interest at the rate of 5.00%, while deposits of 91 days to 182 days will fetch interest at the rate of 5.25%.

Deposits with maturity between 183 days and 1 year will now fetch interest at the rate of 5.50%, while deposits with maturity of 1 year and 1 day and less than 2 years will now fetch 7.50%. The bank is now offering an interest rate of 7.75% on deposits maturing in 2 years to 998 days, while ESAF Small Finance Bank (SFB) is currently offering an interest rate of 7.75% on deposits maturing in 999 days (2 years 8 months and 25 days) Offering a maximum interest rate of 8.00%.

The interest rate on deposits maturing in 1000 days to less than 3 years is currently 7.75%, while the interest rate on deposits maturing in 3 years to less than 5 years is 5.75%. Deposits with maturity between five and ten years will now get interest at the rate of 5.25%. For all deposit tenures, senior citizens will continue to get an additional rate of 50 bps over and above the regular rates.

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Interest Rates for other tenure Fixed Deposit:

Yes bank FD Rates

1. The new FD rates of Yes Bank are effective till January 12, 2023.
2. Yes Bank will give 3.25 percent interest rate on FDs of 7 days to 14 days.
3. Will give 3.70 percent rate on FD of 15 days to 45 days.
4. Yes Bank will give 4.10 percent interest rate on FDs of 46 days to 90 days.
5. Will give 4.75 percent interest rate on FD of 91 days to 180 days.
6. Will give a rate of 5.75 percent on FDs between 181 and 271 days.
7. 272 and will give an interest rate of 6 per cent on FDs between 1 year.
8. Yes Bank will give 7 percent interest to the general public on FDs of 1 year to 120 months.

Special Tenor Fixed Deposits:

Announcement of new tenure

On October 12, 2022, Yes Bank launched FDs of 20 months to 22 months, on which the general public will get an interest rate of 7.25 percent and senior citizens will get an interest rate of 7.75 percent.

And on 9 December 22, the bank launched a new fixed deposit tenure of 30 months, on which the general public will get an interest rate of 7.50 percent and senior citizens will get an interest rate of 8 percent. On January 03, 2023, Yes Bank started a new FD tenure of 15 months, on which it will get 7.25 percent interest rate for general and 7.75 percent for senior citizens.

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Especially the central employees hope that in the budget of the financial year 2023-24, the government can take some decision on the outstanding dearness allowance of 18 months. Amidst the apprehensions of a new wave of Corona coming, the expectation of central employees has increased considerably. Now the question arises whether the Finance Minister will announce the release of funds for the payment of the outstanding Dearness Allowance (DA) of the central employees?

Decision expected on fitment factor

According to media reports, it is expected that in the Union Budget 2023, a decision may be taken on the payment of the outstanding dearness allowance for 18 months. Although no announcement is made regarding the salary of government employees in the budget, but in the last complete final budget of the Modi government, the central employees are hopeful that the government can include the expenditure of 18 months’ outstanding dearness allowance in its budget. Huh.

How is the remaining 18 months DA left?

Let us tell that the increase in dearness allowance is announced twice a year by the central government for its employees. Since February 2020, when the whole world was devastated by the Corona epidemic and all economic activities came to a standstill, the central government did not increase the dearness allowance from January 2020 to June 2021. After this, on July 1, 2021, the government had increased the dearness allowance by 11 percent.

Before that the government did not increase the dearness allowance three times. Although, before January 2020, the dearness allowance of government employees was 17 per cent, but after increasing the DA by 11 per cent in July 2021, it reached 28 per cent. At the same time, the central employees are expecting payment of DA arrears of 18 months.

Government has refused

However, the government has refused to pay dearness allowance for 18 months to the central employees. According to media reports, Rajya Sabha MP Naran Bhai J Rathwa had asked a question in the Parliament whether the government will pay 18 months’ arrears of dearness allowance to central employees?

In response to this, Minister of State for Finance Pankaj Chowdhary had said that many applications have come in relation to giving dearness allowance and dearness relief for 18 months to central government employees and pensioners, but the government is not yet considering giving DA and dearness relief. Is.

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After Kovid and now amidst the apprehensions of a new wave coming, everyone is expecting the government to come up with such a budget which will increase the disposable income which will help people to increase savings and investment. The only question in the mind of government employees is whether the salary of central employees will be increased in the budget this time. Will the finance minister give green signal to the fitment factor in the budget?

There may be a decision in the fitment factor in the budget

It is expected that a decision on the fitment factor may be taken in Budget 2023. This time it is expected that after getting approval from the cabinet, the fitment factor will be included in the expenditure of the budget. If the central government increases the fitment factor, then there can be a big increase in the salary of government employees. The salary coming in the hands of central employees will increase.

The fitment factor decides the salary of government employees.

The fitment factor serves to decide the basic salary for all central government employees. The Modi government last increased the fitment factor in the year 2016. Then the government had increased the minimum basic salary of the employees from Rs 6,000 to Rs 18,000. If the fitment factor is increased again, then the minimum basic salary can be Rs 26,000. At present the minimum basic pay ie salary is Rs 18,000, which will increase to Rs 26,000.

All these allowances will increase due to increase in basic pay (Dearness Allowance – DA)

If the basic pay increases from Rs 18,000 to Rs 26,000, then the allowances on the basic pay will also increase. Dearness Allowance (DA) is equal to 38% of the basic pay. The calculation of DA is calculated at 38% of the basic salary. That is, with the increase in the basic salary, the dearness allowance will also automatically increase. The government can do a bumper increase in salary in the budget.

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The bank is offering 4.50 per cent to 7.15 per cent interest on FDs ranging from 7 days to 10 years to common people and 5 per cent to 7.65 per cent to senior citizens. These new rates have come into effect from January 3, 2023.

Now these are the new rates of HDFC Bank

7 days to 14 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent

15 days to 29 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent

30 days to 45 days: For general public – 5.25 per cent; For senior citizens – 5.75 percent

46 days to 60 days: For general public – 5.50 per cent; -6.00 percent for senior citizens

61 days to 89 months: For general public – 5.75 per cent; For Senior Citizen – 6.25 percent

90 days to 6 months: For general public – 6.25 per cent; For Senior Citizen – 6.75 percent

6 months 1 day to 9 months: For general public – 6.50 per cent; For Senior Citizen – 7.00 percent

9 months 1 day to less than 1 year: For general public – 6.65 per cent; For Senior Citizen – 7.10 percent

1 year to 15 months: For general public – 6.75 per cent; For Senior Citizen – 7.25 percent

15 months to less than 18 months: For general public – 7.15 per cent; For Senior Citizen – 7.65 percent

18 months to 2 years: For general public – 7.15 per cent; For Senior Citizen – 7.65 percent

2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent

3 years 1 day to 5 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent

5 years 1 day to 10 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent.

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On the other hand, if we talk about senior citizens, they get interest at better rates than other people. At the same time, after increasing the repo rate of RBI, all the banks have also increased the interest rates of FDs. SBI’s name is also included in the list of these banks.

In SBI’s FD, customers can make a lump sum deposit in different tenures of 1-10 years. If you want to avoid the risk of market fluctuations, then you can choose the option of Fixed Deposit. Know here how much interest the common people and senior citizens are getting on FDs of how many years under the SBI FD Scheme?

Interest Rates for Senior Citizens

For senior citizens in SBI, interest is being given at the rate of 3.50 percent for FDs from 7 days to 45 days, 5 percent for 46 days to 179 days. 5.75 for 180 days to 210 days and 6 percent for FDs of more than 211 days but less than 1 year. If you get FD done for more than 1 year but less than two years, then the interest rate will be 6.60 percent per annum, whereas if you get FD done for more than 2 years but less than 3 years, you will get interest on FD at 6.75 percent.

On getting FD for more than 3 years but less than 5 years, interest will be given at the rate of 6.60 percent annually and for more than 5 years and up to 10 years, at least 6.90 percent interest will be given to senior citizens from the bank. will be given.

Interest rates for general public

3% for general public FDs from 7 days to 45 days, 4.50% for 46 days to 179 days, 5.25 for 180 days to 210 days, FDs of more than 211 days but less than 1 year Interest is being received at the rate of 5.50 percent. If you get FD done for more than 1 year but less than two years, then you get 6.10 percent, for more than 2 years but less than 3 years, 6.25 percent, for getting FD for more than 3 years but less than 5 years Annual interest will be given at the rate of 6.10 percent and for more than 5 years and up to 10 years, interest will be given by the bank at the rate of at least 6.10 percent.

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The new rates have come into effect from yesterday, November 23. Kotak Bank is offering FDs ranging from 7 days to 10 years to its customers. It is offering interest ranging from 2.75 per cent to 6.20 per cent to general customers. At the same time, senior citizens are being given interest of 3.25 per cent to 6.70 per cent. The bank is paying the highest interest of 7% on FDs ranging from 23 months to 2 years. Earlier, the bank had increased the FD rates on 1 November. Kotak Bank has increased the interest for the second time in a month.

These are the new rates of Kotak Bank

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8.5 percent interest for general public

According to the information available on the bank’s website, the minimum interest rate on fixed deposits for the general public is 4.50 per cent and the maximum interest rate is 8.50 per cent. At the same time, senior citizens will get an additional benefit of 50 basis points in the interest rate. For them, the minimum interest rate has been made 4.50 percent and the maximum interest rate has been made 9 percent. The new rate is applicable from today itself.

8.5% interest for 181 days

According to the information available on the bank’s website, the interest rate on FD for 7-14 days is 4.5 per cent, 4.75 per cent for 15-45 days, 5.25 per cent for 46-60 days, 5.50 per cent for 61-90 days, 91- 5.75 per cent for 180 days, has been increased to 8.5 per cent for 181 days.

8.5% interest for 501 days

6.75 per cent for 182 days to 364 days, 7.35 per cent for 365 days to 500 days and 8.50 per cent for 501 days. 502 days to 18 months 7.35%, 18 months to 2 years 7.40%, more than 2 years and up to 3 years 7.65%, more than 3 years and up to 5 years 7.65% and more than 5 years up to 10 years 7% Returns are being given.

Talking about senior citizens, the minimum interest rate is 4.5 percent and the maximum interest rate is 9 percent. The interest rate has been reduced to 9 per cent for 181 days and 9 per cent for 501 days fixed deposits.

The post FD Interest Rates: Good news for fixed deposit holders, this bank is offering 9% bumper interest first appeared on Rightsofemployees.com.