Best 3-Year FD Rates : Fixed deposits (FDs) are still considered one of the most reliable investment options in the country. Investors of all ages prefer them due to their guaranteed and secure returns. From tax savings to building an emergency fund, FDs offer numerous benefits.

They are useful for both short-term and long-term investments. If you’re considering an FD, be sure to compare interest rates from different banks before investing. Rates may appear slightly different, but this small difference can make a significant difference in your earnings.

Here are the 3-year fixed deposit interest rates from some leading private and public sector banks, for investments up to ₹1 crore. These figures are as of September 22nd and apply to non-senior citizens. We’ve also calculated returns on an investment of ₹1 lakh.

IndusInd Bank: 6.65% interest rate, FD of Rs 1 lakh will become Rs 1,19,950 after three years.

ICICI Bank and Axis Bank: 6.6% interest rate, FD of Rs 1 lakh will become Rs 1,19,800 in three years.

Kotak Mahindra Bank and HDFC Bank: 6.4% interest rate, FD of Rs 1 lakh will become Rs 1,19,200 after three years.

Bank of Baroda and Union Bank of India: 6.4% interest rate, FD of Rs 1 lakh will become Rs 1,19,200 in three years.

State Bank of India (SBI): 6.3% interest rate, FD of Rs 1 lakh will become Rs 1,18,900 after three years.

Canara Bank and Punjab National Bank: 6.25% interest rate, FD of Rs 1 lakh will become Rs 1,18,750 in three years.

If a bank collapses, you’ll receive up to ₹5 lakh.

Under the Deposit Insurance and Credit Guarantee Corporation Act (DICGC), customers’ funds up to ₹5 lakh will be protected in the event of a bank’s closure or collapse. If you have money deposited in a bank, you can check whether it is registered for deposit insurance by clicking on the link below…

Rule Change : These 15 rules will change from October 1st, learn them today, otherwise you will be left scratching your head.

The post SBI vs ICICI Bank : Who will offer higher interest on 3-year fixed deposits? first appeared on Rightsofemployees.com.

The decision was changed due to the feedback from the customers

Similarly, the minimum balance for new customers in semi-urban and rural areas has been fixed at ₹7,500 and ₹2,500 respectively. This change has been made after the reactions received from customers and the industry last week, when the bank proposed to increase the minimum average monthly balance from ₹10,000 to ₹50,000. Many customers had expressed their displeasure on social media.

This account is out of the minimum balance rule

The bank has clarified that this change will not apply to salary accounts, senior citizens and pensioners, basic savings bank deposit accounts, Jan Dhan accounts and special needs accounts. Apart from this, pensioners below 60 years of age and students of 1,200 selected institutions will be exempted from the minimum balance condition.

Penalty will be imposed for not maintaining minimum balance

As per the new rules, accounts that do not meet the minimum balance will be charged a penalty of 6% of the shortfall or ₹500 (whichever is lower). The bank said these changes have been made to ‘better reflect customer expectations and preferences’.

Minimum balance was increased from 10000 to 50000

Earlier, the minimum average monthly balance (MAMB) for a savings account was Rs 10,000. Recently, the bank had increased it to Rs 50,000 for urban customers. For semi-urban branches, the minimum was increased from Rs 5,000 to Rs 25,000. For rural branches, the minimum was increased from Rs 5,000 to Rs 10,000. But now, a major reduction has been made in all three of these.

The post ICICI Bank Slashes Minimum Balance Requirement from ₹50,000 to ₹15,000 — Big Relief for Customers first appeared on Rightsofemployees.com.

Otherwise, the bank can deduct charges. HDFC Bank has implemented this rule from 1 August 2025. This rule will be applicable to all customers opening savings accounts after 1 August 2025.

HDFC Bank increased the minimum balance limit on savings accounts

Now, new savings account customers onboarded after August 1, 2025 will have to maintain a minimum balance of Rs 25,000. If it is less than this, a charge will be deducted from the savings account. That is, a minimum balance of Rs 25,000 will have to be maintained in the savings account at all times. This rule has been implemented in all major metros and urban cities. Currently, it is necessary to have a minimum balance of Rs 10,000 in HDFC Bank’s savings account. That is, the minimum balance is Rs 10,000 for urban savings account.

ICICI Bank recently increased the limit

While on one hand government banks are removing the rule of maintaining minimum balance in savings account, on the other hand, private banks are increasing the limit of maintaining minimum balance in savings account. Recently ICICI Bank made a big change in the rules of savings bank account and some service charges. If you are opening a new savings account in ICICI Bank, you will have to keep a minimum balance of Rs 50,000 instead of Rs 10,000 in the account. This rule has come into effect from 1 August 2025. This rule is only for newly opened savings account.

New minimum balance rule for metro and urban areas

Earlier the minimum average monthly balance ( MAMB) in ICICI Bank was Rs 10,000. Now it has been increased to Rs 50,000. That is, now you will have to keep 5 times more balance in the savings account than before. This rule will apply only to new savings accounts opened from August 1, 2025. For the old customers, the rules will remain the same for now, unless the bank informs about the change separately. There will be no impact on salary accounts as these are zero-balance accounts. BSBDA i.e. Basic Savings Bank Deposit Account will also not be affected, as it also does not require a minimum balance.

Semi-Urban Branch: Increased from Rs 5,000 to Rs 25,000 .

Rural Branch: Increased from Rs 5,000 to Rs 10,000.

The post HDFC Bank Hikes Minimum Balance Rise: ₹25,000 Rule for Savings Accounts – All You Need to Know first appeared on Rightsofemployees.com.

If you are planning to open your account in ICICI Bank, then it is important to know about a big change made by the bank recently. While changing the rules, ICICI Bank has increased the minimum amount or minimum average amount limit in the savings account. ICICI Bank has increased it five times and now it is necessary to keep at least Rs 50,000 in the account instead of Rs 10,000. Along with this, many other rules have also been changed. Let us understand in the format of questions and answers…

Question- Has the MAB rule been implemented?

Answer- Yes, the change of increasing the minimum balance limit in savings account by 5 times by ICICI Bank has been made effective from August 1.

Question: Can RBI reverse ICICI Bank’s minimum balance decision?

Answer: When RBI Governor Sanjay Malhotra was questioned about ICICI Bank’s minimum balance of Rs 50,000, he said that the decision regarding minimum balance is within the jurisdiction of the bank, the central bank i.e. RBI cannot do anything in this. He said, ‘The Reserve Bank of India has left the task of setting the minimum balance limit to the banks. Some banks have fixed it at Rs 10,000, some at Rs 2,000 and some have removed it completely.’

Question- Is the rule same from metro to rural?

Answer- The bank has made this change for all customers in metro, urban and rural areas and has increased the previously fixed MAB limit. Now account holders in metro and urban branches will have to keep at least Rs 50,000 instead of Rs 10,000 in their savings account. Whereas in semi-urban branches, this has been increased from Rs 5,000 to Rs 25,000. However, rural customers will now have to keep Rs 10,000 in their account instead of the earlier Rs 2,500.

Question- Will the rules apply to all accounts?

Answer- No, the bank has clearly stated that these changes related to the minimum amount balance are being implemented only on those accounts which have been opened from the date of implementation of this change. This means that customers opening new accounts from August 1, 2025 will have to keep this much amount in their savings account. However, this has become the most difficult standard among domestic banks.

Question- Will it affect existing customers as well?

Answer- As stated, the revised rules regarding minimum balance amount will be applicable only on new accounts opened from August 1, 2025. For existing customers, the previous terms and conditions of their current account will continue, unless the bank separately informs about these changes.

Question- What will happen to salary account holders?

Answer- This rule change will not have any effect on salary account holders of ICICI Bank. Because, salary accounts are usually zero-balance accounts, that is, there is no need to maintain any minimum balance in them.

Question- What will happen if the minimum balance is not maintained?

Answer- A penalty will be imposed. While changing the rules, the bank has said that if a customer fails to maintain the required minimum balance in the account, then 6 percent of the minimum balance or Rs 500, whichever is less, will be charged. However, some customers have also been exempted from this fee, which includes family banking account holders and pensioners’ accounts.

A look at other changes in ICICI Bank:

Other updates have also been issued by the bank, which include charges after the free transaction limit is exhausted and debit card charges. Under this, in six metros Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad, customers get three free transactions from Non ICICI Bank ATMs, after which a charge of Rs 23 will be paid for every transaction and Rs 8.5 for balance check. In other cities a maximum of 5 free transactions are allowed. At the same time, a charge of Rs 125 per transaction is applicable on withdrawal from international ATMs and 3.5% charge is applicable on currency exchange.

Apart from this, the annual charge for ICICI Bank Debit Card will be Rs 300, while for customers in rural areas it will be Rs 150. The card replacement fee is Rs 300. A charge of Rs 100 will have to be paid by the bank for getting monthly statement in the branch or through phone banking, while internet banking customers will be able to withdraw it for free.

The post RBI Clarifies ₹50,000 Minimum Balance Rule in ICICI Bank: Impact on Old & Salary Accounts first appeared on Rightsofemployees.com.

How much will it cost?

If a PA maintains an escrow account with ICICI Bank, a charge of 2 basis points (0.02%) will be levied on each transaction. Its maximum limit will be Rs 6 per transaction. PAs who do not have an escrow account with ICICI will be charged 4 basis points (0.04%). In this case, the maximum charge has been fixed at Rs 10 per transaction.

Who will not be charged?

If the transaction is settled directly into the merchant’s ICICI Bank account, no charges will be levied.

Other banks are already collecting charges

Other banks like Yes Bank and Axis Bank have been charging PAs for UPI transactions for the past 8–10 months.

Why is this charge being levied?

Although the government has kept the Merchant Discount Rate (MDR) on UPI at zero, NPCI i.e. National Payments Corporation of India charges a switch fee from banks. Some banks are recovering this cost from payment aggregators.

What will be the impact on the merchant?

Payment aggregators usually charge merchants upfront for services such as platform fees, payment reconciliation fees. In such a situation, the impact of ICICI’s new charge may reach merchants in the future. Even though UPI is free for customers, banks are now moving towards recovering their expenses by charging fees from payment aggregators.

The post ICICI Bank Will Also Charge For UPI Transactions, New Rule Will be Applicable From August 1 first appeared on Rightsofemployees.com.

New fees related to ATM

At ICICI Bank ATM: First 5 financial transactions will be free every month. After that, a charge of Rs 23 will be levied on every transaction.

• Non-financial transactions (like checking balance) will be free.
• No charges will be levied on senior citizen customers.
• Charges at ATMs of other banks
• 3 transactions free in metro cities.
• 5 transactions free in non-metro cities.
• After this, a charge of Rs 23 will be levied on financial transactions and Rs 8.50 on non-financial transactions.
• International ATM
• Rs 125 on cash withdrawal
• Currency conversion charge 3.5%
• Rs 25 on non-financial transactions
• IMPS transaction charges
• Transfer up to Rs 1,000: Rs 2.50 per transaction
• Rs 1,001 to Rs 1 lakh: Rs 5
• Rs 1 lakh to Rs 5 lakh: Rs 15
• Changes in cash deposit and withdrawal
• 3 free cash transactions per month (at branches and CRMs).
• After this, a charge of Rs 150 will be levied on every transaction.
• For deposits above Rs 1 lakh, Rs 150 or Rs 3.50 per Rs 1,000 (whichever is higher) will be charged.
• Third party deposit limit is limited to Rs 25,000 per transaction.
• The same rules will apply to cash withdrawals – 3 free transactions, then Rs 150 per transaction.
• Value-based charges will be levied on withdrawals above Rs 1 lakh.
• The limit for third party withdrawals is also up to Rs 25,000 per transaction.
• Debit card charges
• Annual fee
• Rs 300 for general customers
• Rs 150 for rural areas
• Rs 300 will be charged for replacement cards.

These new charges of ICICI Bank will affect those customers more, who make cash deposits, withdrawals or ATM transactions several times every month. Customers are advised to plan their transactions in advance so that additional charges can be avoided.

The post ICICI Bank revises charges on ATM transactions, cash deposits, cash withdrawals, IMPS and more first appeared on Rightsofemployees.com.

These changes will have a direct impact on your everyday banking expenses. From withdrawing money from ATM to debit card and demand draft, now more charges will have to be paid on many services. The bank says that these changes are being made to maintain the increasing operational costs, continuity of competitive services and transparency. Let us know what is going to change for you from July 1:-

Rules changed on ATM transactions

– Now ICICI Bank customers will be able to do only 5 free ATM transactions every month. After this:

– ₹ 23 per transaction on financial transactions

– ₹ 8.50 per transaction on non-financial transactions (like balance check)

At other bank ATMs:

– 3 free transactions in metro cities and 5 free transactions in non-metros. After this, the same charges will apply (earlier the financial transaction charge was ₹ 21).

Changes in cash deposit and withdrawal charges

– 3 cash deposits free every month

– ₹2 charge per ₹1,000 thereafter, – Withdrawals will also be charged after 3 transactions with

a minimum of ₹50 and a maximum of ₹15,000 . Earlier there was a flat charge of ₹50 up to Rs 10,000 and thereafter ₹5 was charged per ₹1,000.

Fees on demand draft and pay order increased

– Now ₹2 charge per ₹1,000

– Minimum ₹50 and maximum ₹15,000

– These charges will also apply to making DD by cheque or transfer from account

New charges on IMPS transactions

– Transferring money through IMPS (Immediate Payment Service) will now attract charges as per the new slab. The bank has implemented slab based charging. (Full details are available on the bank’s website or mobile app)

Increase in fees related to debit card

– Annual fee of debit card has increased from ₹200 to ₹300

– Now ₹300 will have to be paid even if you get a damaged or lost card again

Why have the charges been increased?

ICICI Bank says that changes in these charges are necessary to provide better digital experience to customers, maintain quality of service and deal with rising costs. The bank claims that these changes will also increase transparency.

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State Bank of India (SBI) cuts FD rates by up to 75 bps

The country’s largest public sector bank SBI has reduced the interest rates on fixed deposits by up to 75 basis points (bps) on various tenures. The new rates have come into effect from June 15, 2025. Now common citizens will get interest ranging from 3.50% to 6.50% on FDs ranging from 7 days to 10 years. Senior citizens will continue to get 50 bps additional interest on certain tenures. Apart from this, SBI has also reduced the interest rate on savings account from 2.70% to 2.50%.

HDFC Bank new rates

HDFC Bank has reduced interest rates on FDs of less than Rs 3 crore. Now the interest rate on these FDs will be between 3.00% to 7.00%. The highest interest rate of 7.00% is being given on FDs of less than 2 years and less than 3 years. Along with this, the bank has also reduced the interest rate on savings account by 25 bps. Now 3.00% interest will be given on balance less than Rs 50 lakh and 3.50% interest will be given on balance of Rs 50 lakh or more.

ICICI Bank also reduced FD rates

ICICI Bank has changed the interest rates on FDs of less than Rs 3 crore from June 12, 2025. Now the interest rates range from 3.00% to 7.20%. The highest interest of 7.20% is being given on FDs of 13 months to 2 years.

There has been a reduction of 5 to 25 bps on other tenures as well. Especially the short-term deposits are seeing the biggest impact.

Kotak Mahindra Bank implemented new rates

Kotak Mahindra Bank has changed the FD rates from 12 June 2025. Now the interest rates on FDs of less than Rs 3 crore in the bank range from 2.75% to 7.25%. The highest interest rate of 7.25% is being offered on FDs of 390 days. There has been a reduction of 5 to 15 bps on other periods.

impact of reduction in interest rates

The direct impact of the reduction in repo rate by RBI is being seen on the returns on deposits. Usually, banks adjust the rates of FD and savings account as per the change in policy rate. In the coming days, more banks can take steps in this direction. If investors want to get better returns, then investing in long term FD or considering alternative fixed-income instruments can be a good option.

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State Bank of India (SBI): The country’s largest bank is giving interest at the rate of 6.70% to common citizens for a period of 2 years to 3 years. At the same time, senior citizens are being provided interest at the rate of 7.20 percent for this period.

HDFC Bank: This largest private sector bank is still giving great interest for a period of 15 to 18 months. The bank is providing interest at the rate of 6.85% to common citizens for this period. At the same time, the interest rate for senior citizens is 7.35%.

ICICI Bank: This private sector bank is providing the highest interest for a period of 18 months to 2 years. The bank is providing interest at the rate of 6.85% to common citizens for this period. At the same time, senior citizens are being provided interest at the rate of 7.35% for this period.

Bank of Baroda: Government bank Bank of Baroda is providing better returns on 1 year FD. The bank is giving interest at the rate of 6.70% to common citizens on 1 year FD. At the same time, for this period, senior citizens and super senior citizens are being provided interest at the rate of 7.20% and 7.20% respectively.

PNB: Punjab National Bank is still giving great returns on 1 year FD. The bank is giving interest at the rate of 6.70% to common citizens on 1 year FD. At the same time, senior citizens and super senior citizens are being provided interest at the rate of 7.20% and 7.50% respectively.

The post Highest FD rates: These 5 banks are paying the highest interest on FD, the list includes SBI, HDFC, ICICI Bank first appeared on Rightsofemployees.com.

This private bank has reduced the interest on savings accounts as well as FD by 0.25 percent. ICICI Bank’s new interest rates have also come into effect from today i.e. April 17.

ICICI Bank cuts FD interest rates by up to 0.50%

The country’s largest public sector bank – SBI and the largest private bank – HDFC have recently implemented a reduction in deposit interest rates. ICICI Bank has cut rates on select tenure FD schemes by 25 to 50 basis points. After this latest cut, the private bank is now offering interest of 3% to 7.05% on FD to its general customers and senior citizens will now get interest of 3.5% to 7.55% on FD. Earlier, ICICI Bank’s FD scheme with a tenure of 15 months to 2 years was offering a maximum interest of 7.25% to general customers and 7.85% to senior citizens.

Now 3.00% interest on FD with a tenure of 30 to 45 days

ICICI Bank has reduced the maximum interest rate by 50 basis points i.e. 0.50 percent on FD scheme with a tenure of 30 to 45 days. The bank has now reduced the interest rate for this tenure from 3.50 percent to 3.00 percent. Apart from this, the interest rate for the tenure of 61 to 90 days has been reduced by 25 basis points to 4.5% to 4.25%. For FDs with a tenure of 18 months to 2 years, the interest rate has been reduced by 20 basis points to 7.25% to 7.05%.

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The post ICICI Bank cuts interest rates on FD and savings accounts, read full details first appeared on Rightsofemployees.com.

Some services of HDFC Bank will not be available on 14 and 15 December. Apart from this, ICICI Bank will do pre-scheduled maintenance work in the bank from 11:55 pm on 14 December 2024 to 6:00 am on 15 December 2024. During this time, different services of both the banks will be affected. Net banking, RTGS i.e. Real Time Gross Settlement Service of banks will not be available for some time.

These services of HDFC Bank will not be available

HDFC Bank told its customers that for better banking experience, some services will be temporarily unavailable during maintenance. Bank services will not be available during these two days.

Date: December 14, 2024

Time: 1 AM to 1:30 PM (30 mins)

This service will not be available: Credit card transactions.

Date: December 14, 2024

Timings: 2:30 am to 5:30 am (3 hours)

This service will not be available

• Net Banking and Mobile Banking App.
• Account Related Information.
• Deposits and Fund Transfer (UPI, IMPS, NEFT and RTGS).
• Merchant Transfer.
• Instant account opening.

Date: December 14, 2024

Timings: 5 AM to 7 PM (2 hours)

This service will not be available : Demat transaction.

Date: 14-15 December 2024

Time: 10 pm on December 14 to 12 noon on December 15 (14 hours)

This service will not be available: Offers tab on Net Banking.

Date: December 15, 2024

Timings: 1 am to 5 am (4 hours)

This service will not be available: Mutual fund transactions.

ICICI Bank service will not be available

ICICI Bank informed its customers through email that RTGS transactions will be temporarily unavailable on its banking platform.

Date: December 14, 2024

Time: 11:55 pm to 6 am on December 15.

These services will not be available: Inward and outward RTGS transactions, which will be pending during maintenance and will be processed after 6 am.

Optional Service : Customers can use NEFT, IMPS, or UPI services through iMobile or Internet Banking during this period.

What is RTGS?

RTGS is an electronic funds transfer method that provides real-time and instant settlement of large payments between bank accounts.

What are the RTGS charges of the bank

There will be no charges on RTGS transactions done online through Internet Banking, iMobile Pay, Pockets App.

₹20 + GST ​​will be charged for RTGS transactions from ₹2 lakh to ₹5 lakh from bank branch.

A charge of ₹45 + GST ​​will be applicable on transactions between ₹5 lakh and ₹10 lakh. Customers are advised to complete their required RTGS transactions before this deadline.

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ICICI Bank will carry out pre-scheduled maintenance work in the bank from 11:55 pm on 14 December 2024 to 6:00 am on 15 December 2024. During this time, the RTGS i.e. Real Time Gross Settlement Service of the bank will be affected. The customers of the bank will not be able to use the service of RTGS during this time.

ICICI Bank customers can use this service during this time

During this period, ICICI Bank customers can use NEFT, IMPS and UPI services through iMobile app or internet banking.

What is RTGS?

RTGS is an electronic funds transfer method that provides real-time and instant settlement of large payments between bank accounts.

What are the RTGS charges of the bank

There will be no charges on RTGS transactions done online through Internet Banking, iMobile Pay, Pockets App.

₹20 + GST ​​will be charged for RTGS transactions from ₹2 lakh to ₹5 lakh from bank branch.

A charge of ₹45 + GST ​​will be applicable on transactions between ₹5 lakh and ₹10 lakh. Customers are advised to complete their required RTGS transactions before this deadline.

ICICI Bank FD interest rate – 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%; For senior citizens – 6.50%
• Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent
• 15 months to less than 18 months: For general public – 7.25 per cent; For senior citizens – 7.80 per cent
• 18 months to 2 years: For general public – 7.25 percent; For senior citizens – 7.75 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 per cent; For senior citizens – 7.40 per cent.
• 5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

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Changes in late payment fees

Late payment charges will now be decided based on the outstanding amount.

₹101 to ₹500: ₹100

ICICI Bank has made several changes for its credit card users. These changes have come into effect from November 15, 2024. These changes include new rules related to finance charges, late payment fees, fuel, utility and education transactions. Apart from this, airport lounge access, reward limit and supplementary card fees will also be affected.

Changes in late payment fees

Late payment charges will now be decided based on the outstanding amount.

• ₹101 to ₹500: ₹100
• ₹501 to ₹1,000: ₹500
• ₹1,001 to ₹5,000: ₹600
• ₹5,001 to ₹10,000: ₹750
• ₹10,001 to ₹25,000: ₹900
• ₹25,001 to ₹50,000: ₹1,100
• Above ₹50,000: ₹1,300

There will be no charge on balance up to ₹100.

Charges on education transactions

There will be no additional charge for paying international education and school or college fees through credit card. But if this payment is made through third-party apps, then a charge of 1% will be levied.

Changes in Rewards Policy

Monthly rewards limits have now been imposed on certain spends.

Entry-level and mid-range card holders will get rewards up to ₹40,000 on utility and insurance, and premium card holders will get rewards up to ₹80,000.

This limit on grocery is ₹20,000 for entry-level and mid-range card holders, and ₹40,000 for premium card holders.

Government transactions, rental payments and education expenses will no longer be eligible for milestone benefits or annual fee waiver.

Changes to airport lounge access

Now to get airport lounge access, one has to spend ₹ 75,000 in the last quarter. Spa service has been excluded from this benefit.

The annual fee waiver limit for Emerald card holders has been reduced from ₹ 12 lakh to ₹ 10 lakh. Apart from this, the fuel surcharge waiver limit has been increased to ₹ 1 lakh.

Interest Charges

If the payment is not completed by the due date, interest up to 3.8% per month (46% per annum) will be charged on the outstanding amount. These changes can directly affect the expenses and services of the users. Credit card holders will have to change their spending habits and follow the new terms.

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Whenever there is talk of savings, the name of Fixed Deposit i.e. FD definitely comes up. Your investment in Fixed Deposit is safe, along with this you get guaranteed returns. If you also want to invest in FD then this is useful news for you. It is very important for investors to compare the interest rates of different banks before investing in FD. Today we are going to tell you about the interest rates on FD offered by the top-7 banks on one year FD.

HDFC Bank

HDFC Bank is offering 6.6 per cent interest rate to general citizens and 7.1 per cent interest rate to senior citizens on one-year FD.

ICICI Bank

ICICI Bank is offering 6.7 per cent interest rate to general citizens and 7.2 per cent to senior citizens on FDs of one year to 15 months.

Kotak Mahindra Bank

Kotak Mahindra Bank is offering 7.1 per cent interest rate to general citizens and 7.6 per cent to senior citizens on one-year FD.

Federal Bank

Federal Bank is offering 6.8 per cent interest rate to general citizens and 7.3 per cent to senior citizens on one-year FD.

SBI

State Bank Of India is offering 6.8 per cent interest rate to general citizens and 7.3 per cent to senior citizens on one-year FD.

Punjab National Bank

Punjab National Bank is offering 6.85 percent interest rate to general citizens and 7.35 percent interest rate to senior citizens on one year FD.

Canara Bank

Canara Bank is offering 6.85 per cent interest rate to general citizens and 7.35 per cent interest rate to senior citizens on one-year FD.

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If you also have an ICICI Bank credit card, then this news is important for you. One day later i.e. from November 15, 2024, the rules of ICICI Bank credit card are going to change and there are many rules in it which are going to benefit you.

Know which rules changed

1. No charges on educational transactions
2. Change in charges levied on late payment of card fees
3. New types of charges on utility and fuel payments

No charges on educational transactions using ICICI Bank credit cards 

From now on, no charges will be levied for paying international education or school-college fees through credit card. However, if you make such fees or educational transactions through third party apps, you will have to pay a fee of 1 percent.

Change in late payment charge from November 15

From now on, the charges will change if you pay ICICI Bank credit card bill late. Know about them-

– Rs 101 to Rs 500 – Charge Rs 100
– Rs 501 to Rs 1,000 – Charge Rs 500
– Rs 1,001 to Rs 5,000 – Charge Rs 600 – Rs 5,001
to Rs 10,000 – Charge Rs 750 –
Rs 10,001 to Rs 25,000 – Charge Rs 900 –
Rs 25,001 to Rs 50,000 – Charge Rs 1100 –
More than Rs 50,000 – Charge Rs 1300

Special thing- It is important to note that if the outstanding amount is up to Rs 100, then there will be no late payment fee on it.

Other charges levied on utility and fuel payments

If you make utility payments of more than Rs 50,000 using a credit card, you will have to pay a charge of 1 per cent.

If you make a fuel payment transaction of more than Rs 1000, you will have to pay one percent charge on it.

Overdue interest on extended credit and cash advances will be charged at 3.75 per cent for one month while the annual interest rate on this will be 4.5 per cent. 

Note: If you are using ICICI Bank credit card, then you will have to take care of all these changed charges and fees.

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Last year also, these three banks got the status of Domestic Systemically Important Bank. Banks included in the D-SIBs list are considered very important for the domestic system. Along with this, they are also considered the safest banks in the country. These are such banks which are so important for the system that if they sink, the entire economy can get a shock. These types of banks are so important that if something happens to them, the government itself will try to save them.

The Reserve Bank of India has prepared the list of D-SIBs banks on the basis of data received till March 31, 2024. Banks considered important for the domestic system have to maintain Additional Common Equity Tier-1 (CET1). They have to maintain more Common Equity Tier 1 as per their bucket. This is the capital through which risks can be easily managed. Banks included in the list of D-SIBs have to keep it more.

See Notification Here

The concept of D-SIBs was implemented in 2014

The Reserve Bank of India first adopted the concept of D-SIBs 10 years ago in 2014 to prepare a list of banks important for the domestic system. In 2015, State Bank of India and then in the next year i.e. 2016, ICICI Bank was included in this list. In 2017, HDFC Bank entered this list.

Which bank is in which bucket?

This time RBI has placed State Bank of India in bucket-4, under which it has to maintain 0.80 percent additional CET1. At the same time, HDFC Bank also remains in bucket 2 and it has to maintain 0.40 percent high CET1. ICICI Bank has been placed in bucket 1 and it will have to maintain an additional 0.20 percent in the CET1 buffer. The new rules will come into effect from April 1, 2025.

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The list of D-SIBs was released by the RBI on Wednesday. To be included in this list, lenders are required to maintain high ‘Common Equity Tier 1’ (CET 1) in addition to capital conservation reserves as per the ‘bucket’ under which it is classified.

HDFC Bank placed in ‘Bucket 2’

According to the list, State Bank of India (SBI) still remains in ‘Bucket 4’, for which the country’s largest lender will have to maintain an additional CET-1 of 0.80 percent. HDFC Bank, the largest private sector lender, has been placed in ‘Bucket 2’, under which it will have to maintain 0.40 percent more CET-1. The central bank said that the higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 1, 2025. ‘Therefore, the D-SIB surcharge applicable on SBI and HDFC Bank till March 31, 2025 will be 0.60 percent and 0.20 percent respectively.’

Categorization based on data till March 31

ICICI Bank has been categorized in ‘Bucket 1’, in which the second largest private sector lender will have to maintain an additional 0.20 percent in CET 1 reserves. RBI said that this classification is based on data collected from banks till March 31, 2024. The central bank first announced the framework to deal with D-SIBs in 2014. SBI and ICICI Bank were included in this list in 2015 and 2016. In 2017, HDFC Bank was also included in the list along with two other banks.

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These revised interest rates are applicable on FDs up to Rs 3 crore. The bank is offering a maximum interest rate of 7.80% to senior citizens.

ICICI Bank FD interest rate – 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%; For senior citizens – 6.50%

Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent

15 months to less than 18 months: For general public – 7.25 per cent; For senior citizens – 7.80 per cent (ICICI Bank is offering the highest interest on this FD)

18 months to 2 years: For general public – 7.25 percent; For senior citizens – 7.75 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 per cent; For senior citizens – 7.40 per cent.

5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

( Note: These FD rates are taken from the bank’s website. )

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SBI FD Interest Rates

SBI is offering 3.5-7.25 percent interest on FD. Senior citizens are being offered an additional interest of 0.50 percent. You are being given 7.10 percent interest on the bank’s 400-day Amrit Kalash FD. Senior citizens are being given up to 7.60 percent interest. Apart from this, 7.25 percent interest is being given under the 444-day Amrit Varshita Scheme.

2- ICICI Bank FD Interest Rates

ICICI Bank is giving interest ranging from 3% to 7.25% on FDs. Senior citizens are being given interest ranging from 3.5% to 7.8%. The bank is giving the highest interest of 7.25 and 7.8% on FDs with tenures ranging from 15 months to less than 18 months.

3- HDFC Bank FD Interest Rates

4- Canara Bank FD Interest Rates

5- Punjab National Bank FD Rates

Punjab National Bank is giving interest ranging from 3.5% to 7.25% on FD. Senior citizens are getting interest ranging from 4% to 7.75%. The highest interest is being given on FDs of 400 days duration.

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Rewards rules

ICICI Bank has imposed caps on rewards across some of its categories. For utility and insurance payments, the bank has set a maximum spend limit of Rs 40,000 per month for entry and medium level cards and Rs 80,000 per month for premium cards.

Grocery spends will also be capped, with entry and medium level cardholders capped at Rs 20,000 per month, while premium cardholders can spend up to Rs 40,000 per month before hitting the rewards cap.

Apart from this, fuel spends will now be capped at Rs 50,000 per month for most cards. However, the Emerald Mastercard Metal credit card, which allows fuel transactions of up to Rs 1 lakh while qualifying for surcharge waivers, has been excluded.

ICICI Bank will also charge a 1% transaction fee on certain types of expenses. This fee will be applicable on education payments made through third party platforms, utility payments of more than Rs 50,000 per month and fuel payments of more than Rs 10,000 per month.

These will not be considered

Rent payments, government transactions and education spending will no longer be considered while calculating eligibility for milestone benefits or annual fee waiver. This means that if cardholders want to qualify for these perks, they will have to make adjustments in their spending strategies.

New fee structure

The bank has also changed its fee structure. Now a fee of Rs 199 will be charged on the supplementary card. Apart from this, late payment charges have also been changed and now a fee of Rs 100 will be charged on a balance of up to Rs 500 and up to Rs 1,300 on a balance of more than Rs 50,000. Meanwhile, finance charges on outstanding credit card balance will remain at 3.75% per month or 45% annually.

Changes in airport lounge access

ICICI Bank has made changes to its complimentary airport lounge access feature. To avail this benefit, cardholders will now have to spend at least Rs 75,000 in the previous quarter.

Spa services previously available through Dreamfolks membership will no longer be available. However, the good news is that Emerald, Emerald Visa and Emerald Private cardholders will benefit from a reduction in the spending requirement for annual fee waiver, which has been reduced from Rs 12 lakh to Rs 10 lakh. Emerald cards also offer higher fuel surcharge waiver limits of Rs 1 lakh, which sets them apart from other cards in the ICICI portfolio.

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These revised interest rates are applicable on FDs up to Rs 3 crore. The bank is offering a maximum interest rate of 7.80% to senior citizens.

ICICI Bank FD interest rate – 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%; For senior citizens – 6.50%

Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent

15 months to less than 18 months: For general public – 7.25 per cent; For senior citizens – 7.80 per cent (ICICI Bank is offering the highest interest on this FD)

18 months to 2 years: For general public – 7.25 percent; For senior citizens – 7.75 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 per cent; For senior citizens – 7.40 per cent.

5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

( Note: These FD rates are taken from the bank’s website. )

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The bank has not only reduced the benefits on insurance, electricity-water bills, fuel surcharge and grocery purchases, but has also doubled the spending limit for using the airport lounge. This year, the bank has changed the rules of credit cards for the second time. The new rules are going to be implemented from November 15.

One percent transaction fee will be charged on paying school-college fees

ICICI Bank has earlier also changed the rules related to credit cards. Till now, to use the airport lounge, you had to spend Rs 35,000 in a quarter. Now this limit has been increased to Rs 75,000. This is a huge amount in a quarter. This rule will apply to almost all credit cards associated with ICICI Bank. These also include many co-branded cards. One percent transaction fee will be charged on paying school-college fees through third party payment apps like Cred, Paytm, Check and Mobikwik. However, if you make payment through the school-college website or POS machine, then there will be no fee.

Rewards received on making utility and insurance payments have reduced

Apart from this, you will get less rewards on making utility and insurance payments. Premium cardholders will be able to earn rewards by spending up to Rs 80,000 every month on utility and insurance payments. But, for other cardholders this limit will be only Rs 40,000. Even if the utility payment is more than Rs 50,000 in a month, one percent transaction fee will have to be paid. Also, capping has been imposed on the reward points received through grocery and departmental stores. Here premium cardholders will be able to get rewards only on spending up to Rs 40,000 every month and all other cardholders will be able to get rewards only on spending up to Rs 20,000.

ICICI Bank has also set a new limit for discount on fuel surcharge

ICICI Bank has also set a new limit for discount on fuel surcharge. Now you will be able to spend only Rs 50,000 on petrol and diesel every month. The discount limit has been fixed at Rs 1 lakh only on Emerald MasterCard Metal Credit Card. Apart from this, the annual fee on Emerald and Emerald Private Metal Card will now be available only after spending Rs 10 lakh instead of Rs 15 lakh. The spa access available on Dreamfox card has now been discontinued. However, this discount will continue on many other cards.

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To avail this facility, lakhs of pre-approved customers of ICICI Bank will have to activate the short-term credit line on the PhonePe app. ICICI Bank offers a credit line of up to Rs 2 lakh on UPI. The customer has to repay the loan amount within 45 days.

Customers will have ease in shopping during festivals

ICICI Bank has announced this partnership during the festive season. With this, customers will be able to easily take loans for electronic items, hotel booking and travel etc. ICICI Bank Product Head (Payment Solutions) Neeraj Tralshawla said that we are very happy to have tied up with PhonePe for this facility of providing easy loans to millions of customers. He said that pre-approved customers of ICICI Bank can activate their credit line facility on the PhonePe app . After this, they can easily do their shopping for the festive season.

It is very easy to take loan from UPI credit line

PhonePe’s Head of Payments Deep Aggarwal said that we are excited about the partnership with ICICI Bank. Pre-approved customers of ICICI Bank will be able to easily get loans on our platform. They will get a complete digital experience on the PhonePe app. Experts say that credit line on UPI is an innovative product offering. This will make it very easy for people in the country to take loans.

This is how you can take advantage of this facility

To use this facility, pre-approved customers of ICICI Bank will first have to log in to the app. After that they will have to click on the credit activation banner appearing on the app. Then, after checking the features and charges of the product, activation will have to be done. After the credit line is approved, the customer will have to link it to UPI. Then UPI PIN will have to be set. After this, he can use the loan amount for UPI transactions.

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These revised interest rates are applicable on FDs up to Rs 3 crore. The bank is offering a maximum interest rate of 7.80% to senior citizens. 7.80 percent interest is available on FDs of less than 15 months to 18 months.

ICICI Bank FD interest rate – 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%; For senior citizens – 6.50%

Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent

15 months to less than 18 months: For general public – 7.25 per cent; For senior citizens – 7.80 per cent (ICICI Bank is offering the highest interest on this FD)

18 months to 2 years: For general public – 7.25 percent; For senior citizens – 7.75 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 per cent; For senior citizens – 7.40 per cent.

5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

( Note: These FD rates are taken from the bank’s website. )

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If you use ICICI Bank debit card to avail this facility, then there is important news for you. Actually, this private bank has changed the rules of airport lounge access for some of its debit cards. These new rules will come into effect from October 1, 2024.

What are the new rules for airport lounge access?

According to ICICI Bank website, “From 01 October 2024, you can avail two complimentary airport lounge access by spending Rs 10,000 in the previous calendar quarter. Spending in the previous calendar quarter will unlock access for the next calendar quarter. You need to spend at least Rs 10,000 in the July-August-September 2024 quarter to be eligible for complimentary lounge access in the October-November-December 2024 quarter, and so on for subsequent quarters.”

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New rules will be applicable on these debit cards

These updated rules for availing complimentary domestic airport lounge access will be applicable for the below mentioned cards

• ICICI Bank Coral PayWave Debit Card
• ICICI Bank Expression Business Mastercard Debit Card
• ICICI Bank RuPay Coral Debit Card
• ICICI Bank Expression Mastercard Debit Card
• ICICI Bank Coral Business Mastercard
• ICICI Bank Expression PayWave Debit Card
• ICICI Bank Coral Business Debit Card
• ICICI Bank Expression Business Debit Card
• ICICI Bank Coral MasterCard
• ICICI Bank PayWave Expression Debit Card
• ICICI Bank Coral PayWave Business Debit Card
• ICICI Bank Expression Coral Business Mastercard Debit Card
• ICICI Bank Coral Chip Debit Card
• ICICI Bank Expression Coral Mastercard Debit Card
• ICICI Bank Rubix Debit Card
• ICICI Bank Expression Business Coral Debit Card
• ICICI Bank Rupay Rubix Debit Card
• ICICI Bank Expression Coral Debit Card
• ICICI Bank Rubix Mastercard Debit Card

How to avail complimentary airport lounges in India?

According to ICICI Bank’s website, “Eligible cardholders will be required to present their valid, un-expired card and valid air ticket or boarding pass at the lounge entrance on the same day or the next day to gain entry. An authorisation fee of Rs 2 will be charged for each eligible card presented at the lounge entrance. Please note that free access is generally restricted to the cardholder and any accompanying guests may be charged. This program is provided by a third party and is governed by the terms and conditions of such third party.”

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RBI said that lenders may soon change the rates to attract deposits. Currently, fixed deposits (FDs) are giving interest up to 7.9 percent. If you are also planning to do FD, then this news is very useful for you. Today we are telling you about the latest interest rates of fixed deposits of India’s largest HDFC Bank, ICICI Bank and Axis Bank.

HDFC Bank vs ICICI Bank vs Axis Bank FD Rates

Currently, HDFC Bank, the country’s largest private sector lender, is offering FD rates of up to 7.9 per cent on fixed deposits of less than Rs 3 crore, depending on the age of the depositor and tenure. ICICI Bank is offering up to 7.8 per cent, while Axis Bank is offering up to 7.75 per cent. Here’s a comparison of the current fixed deposit (FD) interest rates offered by the three big banks HDFC Bank, ICICI Bank and Axis Bank on deposits of less than Rs 3 crore.

HDFC Bank latest interest rates on fixed deposits less than Rs 3 crore (per annum):

• 7 to 14 days: 3.00 per cent for general public; 3.50 per cent for senior citizens
• 15 to 29 days: 3.00 per cent for general public; 3.50 per cent for senior citizens
• 30 to 45 days: 3.50 per cent for general public; 4.00 per cent for senior citizens
• 46 to 60 days: 4.50 per cent for general public; 5.00 per cent for senior citizens
• 61 to 89 days: 4.50 per cent for general public; 5.00 per cent for senior citizens
• 90 to less than or equal to 6 months: 4.50 per cent for general public; Senior citizens – 5.00 per cent
• 6 months 1 day to less than 9 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
• 9 months 1 day to less than 1 year: 6.00 per cent for general public; 6.50 per cent for senior citizens
• Less than 12 to 15 months: 6.60 per cent for general public; 7.10 per cent for senior citizens
• Less than 15 to 18 months: 7.10 per cent for general public; 7.50 per cent for senior citizens
• Less than 18 to 21 months: 7.25 per cent for general public; 7.75 per cent for senior citizens
• 21 to 22 months: 7.00 per cent for general public; 7.50 per cent for senior citizens
• 2 years 1 day to less than or equal to 2 years 11 months: 7.00 per cent for general public; 7.50 per cent for senior citizens
• 2 years 11 months to 35 months: 7.35 per cent for general public; 7.85 per cent for senior citizens
• 2 years 11 months 1 day to less than or equal to 3 years: 7.00 per cent for general public; 7.50 per cent for senior citizens
• 3 years 1 day to less than or equal to 4 years 7 months: 7.00 per cent for general public; 7.50 per cent for senior citizens
• 4 years 7 months to 55 months: 7.40 per cent for general public; 7.90 per cent for senior citizens
• 4 years 7 months 1 day to less than or equal to 5 years: 7.00 per cent for general public; 7.50 per cent for senior citizens
• 5 years 1 day to 10 years: 7.00 per cent for general public; 7.50 per cent for senior citizens.

Axis Bank FD interest rates (for deposits less than Rs 3 crore):

• 7 to 14 days: 3.00 per cent for general public; 3.50 per cent for senior citizens
• 15 to 29 days: 3.00 per cent for general public; 3.50 per cent for senior citizens
• 30 to 45 days: 3.50 per cent for general public; 4.00 per cent for senior citizens
• 46 to 60 days: 4.25 per cent for general public; 4.75 per cent for senior citizens
• 61 days to less than 3 months: 4.50 per cent for general public; 5.00 per cent for senior citizens
• 3 months to 3 months 24 days: 4.75 per cent for general public; 5.25 per cent for senior citizens
• 3 months 25 days to less than 4 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
• 4 months to less than 5 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
• Less than 5 to 6 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
• Less than 6 to 7 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
• Less than 7 to 8 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
• Less than 8 to 9 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
• Less than 9 to 10 months: 6.00 per cent for general public; 6.50 per cent for senior citizens
• Less than 10 to 11 months: 6.00 per cent for general public; 6.50 per cent for senior citizens
• 11 months to less than 11 months 25 days: 6.00 per cent for general public; 6.50 per cent for senior citizens
• 11 months 25 days to less than 1 year: 6.00 per cent for general public; 6.50 per cent for senior citizens
• 1 year to less than 13 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
• 13 months to less than 14 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
• 14 months to less than 15 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
• 15 months to less than 16 months: 7.10 per cent for general public; 7.60 per cent for senior citizens
• 16 months to less than 17 months: 7.10 per cent for general public; 7.60 per cent for Senior citizens
• 17 months to less than 18 months: 7.20 per cent for general public; 7.70 per cent for Senior citizens
• 18 months to less than 2 years: 7.10 per cent for general public; 7.60 per cent for Senior citizens
• 2 years to less than 30 months: 7.10 per cent for general public; 7.60 per cent for Senior citizens
• 30 months to less than 3 years: 7.10 per cent for general public; 7.60 per cent for Senior citizens
• 3 years to less than 5 years: 7.10 per cent for general public; 7.60 per cent for Senior citizens
• 5 years to 10 years: 7.00 per cent for general public; 7.75 per cent for Senior citizens.\

ICICI Bank latest interest rates on fixed deposits less than Rs 3 crore:

• 7 to 29 days: 3.00 percent for general public; 3.50 percent for senior citizens
• 30 to 45 days: 3.50 percent for general public; 4.00 percent for senior citizens
• 46 to 60 days: 4.25 percent for general public; 4.75 percent for senior citizens
• 61 to 90 days: 4.50 percent for general public; 5.00 percent for senior citizens
• 91 to 184 days: 4.75 percent for general public; 5.25 percent for senior citizens
• 185 to 270 days: 5.75 percent for general public; 6.25 percent for senior citizens
• 271 to less than 1 year: 6.00 percent for general public; 6.50 percent for senior citizens
• Less than 1 year to 15 months: 6.70 percent for general public; 7.20 per cent for senior citizens
• Less than 15 to 18 months: 7.25 per cent for general public; 7.80 per cent for senior citizens
• 18 months to 2 years: 7.25 per cent for general public; 7.75 per cent for senior citizens
• 2 years 1 day to 5 years: 7.00 per cent for general public; 7.50 per cent for senior citizens
• 5 years 1 day to 10 years: 6.90 per cent for general public; 7.40 per cent for senior citizens
• 5 Years (Tax Saver FD): 7.00 per cent for general public; 7.50 per cent for senior citizens.

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These revised interest rates are applicable on FDs up to Rs 3 crore. The bank is offering the highest interest rate of 7.80% to senior citizens. 7.80 percent interest is available on FDs of less than 15 months to 18 months.

ICICI Bank FD interest rate – 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

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271 days to less than 1 year: For general public – 6.00%; For senior citizens – 6.50%

Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent

15 months to less than 18 months: For general public – 7.25 per cent; For senior citizens – 7.80 per cent (ICICI Bank is offering the highest interest on this FD)

18 months to 2 years: For general public – 7.25 percent; For senior citizens – 7.75 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 per cent; For senior citizens – 7.40 per cent.

5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

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The post FD rate Change: ICICI Bank’s new rates have come into effect from today, 2 September 2024 first appeared on Rightsofemployees.com.

This is a service through which funds can be transferred quickly and securely between banks in India. It is also quite economical.

There is also two-factor authentication when transferring money through IMPS. There is also a limit if IMPS is used for fund transfer. Customers do not need to register for mobile banking when initiating an IMPS transaction through ATM or online channel. Similarly, customers also do not need to register for withdrawing money through mobile banking or account number/IFSC.

Let us know what are the charges of banks for IMPS money transfer

SBI IMPS Charges:

There is no charge for transactions from ₹1 to ₹5,00,000.

HDFC Bank IMPS Charges:

₹0 – ₹1000: ₹3.50 + applicable GST

₹1001 – ₹100000: ₹5 + applicable GST

Above ₹100000: ₹15 + applicable GST

Also Read: Delhi PUC Challan: Vehicles entering petrol pumps without PUC certificates to face hefty fines

Axis Bank IMPS Charges:

Up to ₹1000: ₹2.50 per transaction

₹1,000 to ₹1,00,000: ₹5 per transaction

₹1,00,000 to ₹5,00,000: ₹10 per transaction

Additional taxes are applicable.

Canara Bank IMPS Charges:

₹0 to ₹25,000: No charges

₹25,001 to ₹100,000: ₹8 + GST

₹100,001 to ₹500,000: ₹15 + GST

₹10,000 to ₹1 lakh: ₹475

₹1 lakh to ₹50 lakh: ₹500

Kotak Mahindra Bank IMPS Charges:

No charge

YES Bank IMPS Charges:

There are no charges for transactions made through the mobile app.

A charge of ₹5 + GST ​​is applicable for using IMPS through Net Banking.

IMPS is a convenient and safe option that provides instant money transfer service. However, it is important to be aware of the charges and rules applicable while making the transaction.

The post IMPS Charges: SBI, HDFC Bank, ICICI Bank, Canera Bank IMPS charges from August 2024 first appeared on Rightsofemployees.com.

The new rates of ICICI Bank have come into effect from today, 9 August 2024. The country’s second largest private sector bank ICICI has revised the FD interest rates. This revision in FD interest rates has been done after the RBI meeting. The new rates of ICICI Bank have come into effect from today, 9 August 2024. These revised interest rates are applicable for FDs up to Rs 3 crore. The bank is offering the highest interest rate of 7.80% to senior citizens. The highest interest rate of FD for common people is 7.25%.

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ICICI Bank

• 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%; For senior citizens – 6.50%
• Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent
• 15 months to less than 18 months: For general public – 7.25 per cent; For senior citizens – 7.80 per cent
• 18 months to 2 years: For general public – 7.25 percent; For senior citizens – 7.75 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 per cent; For senior citizens – 7.40 per cent.
• 5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

The post Fixed Deposit Rate: ICICI Bank has revised the interest rate on FD, check the latest interest rate first appeared on Rightsofemployees.com.

The bank is offering the highest interest rate of 7.75% for senior citizens. The highest interest rate of FD for common people is 7.2%.

ICICI Bank

• 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%; For senior citizens – 6.50%
• Less than one year to 15 months: 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 per cent; For senior citizens – 7.40 per cent.
• 5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

The post ICICI Bank has revised the interest rate on FD, you will get 7.75% interest on this FD first appeared on Rightsofemployees.com.

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.

The post FD Rate Revised: These three banks have revised the interest on FD, check the interest rate first appeared on Rightsofemployees.com.

The revised interest rates are applicable for FDs up to Rs 3 crore. The bank is offering the highest interest rate of 7.75% for senior citizens. The highest interest rate of FD for common people is up to 7.2%.

ICICI Bank

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 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%; For senior citizens – 6.50%

Less than one year to 15 months: 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 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent

3 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 per cent; For senior citizens – 7.40 per cent.

5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

The post ICICI Bank again revised the interest on FD in July, 7.75% interest will be available on 15 month FD first appeared on Rightsofemployees.com.

The revised interest rates are applicable for FDs up to Rs 3 crore. The bank is offering the highest interest rate of 7.70% for senior citizens. The highest interest rate of FD for common people is up to 7.2%.

ICICI Bank

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

121 days to 150 days: For general public – 4.75 percent; For senior citizens – 5.25 percent

151 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 per cent; For senior citizens – 6.50 per cent

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 3 years: For general public – 7.00 percent; For senior citizens – 7.50 percent

3 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 per cent; For senior citizens – 7.40 per cent.

The post ICICI Bank Fixed Deposit Rate: The country’s second largest bank ICICI has revised the interest rates of FD first appeared on Rightsofemployees.com.

These new rates are according to the recent decision of the Reserve Bank of India (RBI), in which the definition of retail deposit has been changed. Now deposits of less than Rs 3 crore will be considered retail deposits. Earlier, deposits up to Rs 2 crore were considered retail FDs.

ICICI Bank is now offering 3% interest to the general public for deposits of less than Rs 3 crore for 7 to 29 days and 3.5% for 30 to 45 days. The highest interest rate is 7.2%, which is being offered on FDs with tenures ranging from 15 months to less than 18 months. The bank is offering 6.9% annual interest for 7 years 1 day to 10 years.

Also Read: Good news: Your entire EPF amount will be withdrawn even if you work for less than six months

Higher interest to senior citizens

ICICI Bank is offering higher interest on fixed deposits for senior citizens (above 60 years). On deposits less than Rs 3 crore, the bank is offering 3.5% interest for 7 to 29 days and 4% for 30 to 45 days. The highest interest rate is 7.75% for tenures of 15 months to less than 18 months. 7.4% annual interest is being offered for tenures of 7 years 1 day to 10 years. 7.2% interest is being offered for tenures of 1 year to less than 15 months and 7.7% interest is being offered for tenures of 18 months to 2 years.

Withdrawal rules also changed

ICICI Bank has also changed the withdrawal rules of its fixed deposits. These new rules will be applicable on all new and old FDs. If a person withdraws his money within 7 days, he will not get any interest. Not only this, there will also be a penalty for withdrawing money before time. Half percent interest will be charged on withdrawal before one year, one percent on withdrawal between 1 to 5 years, and one percent on withdrawal after 5 years, one percent on deposits less than 5 crores and one and a half percent on deposits of 5 crores or more.

The post ICICI Bank has also changed the withdrawal rules of its fixed deposits first appeared on Rightsofemployees.com.

Higher charges on replacing credit card

ICICI Bank has said that it has changed the charges for many credit card services. These changes are going to be implemented from July 1, 2024. Some of these changes are going to benefit the customers, as the bank has abolished many charges. On the other hand, charges for some services have also been increased. The bank has increased the credit card replacement charge from Rs 100 to Rs 200.

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Here are some of the charges that ICICI Bank has announced to abolish for its credit card users from July 1:

1: Rs 100 fee for cheque or cash pick-up
2: Rs 100 fee for asking for charge slip
3: Minimum Rs 300 fee for Dial a Draft service
4: Outstation cheque processing fee (minimum Rs 100 or 1 per cent of cheque value)
5: Rs 100 charge for duplicate statement older than 3 months

Changes will be implemented from next month

According to the information given by ICICI Bank, now these 5 types of charges will not be levied on its credit card customers. The bank has discontinued the charges for these 5 services. These changes are coming into effect from the first date of next month i.e. 1 July 2024.

Relief on late payment penalty too

Another important change for ICICI Bank’s credit card customers is regarding the penalty levied on late payment. The bank says that in case of late payment, penalty will no longer be levied on customers based on the total outstanding amount. For this, the outstanding amount will be calculated by deducting the payment received during that period from the total outstanding of the respective billing period.

The post ICICI Bank revised charges of many services for these customers. check here first appeared on Rightsofemployees.com.

Adani Group has taken its first step in the financial sector on Monday. Adani Group company Adani One has launched India’s first co-branded credit card (Adani One Credit Card) in collaboration with ICICI Bank. This type of credit card offers special airport-related benefits. This credit card is of two types. It includes Adani One ICICI Bank Signature Credit Card and Adani One ICICI Bank Platinum Credit Card. You will also get welcome benefits and rewards in both the cards.

Co-branded credit cards have many benefits, which are designed to improve the lifestyle of cardholders, improve their airport and travel experience. These cards give up to 7% Adani Reward Points on spending on the entire Adani Group’s consumer ecosystem. For example, you can book flights, hotels, trains, buses and cabs on the Adani One app. Adani-managed airports, Adani CNG pumps, Adani electricity bills and Trainman (which is an online train booking platform) can be availed. There is no limit on these rewards.

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You will get these benefits in the form of welcome benefits

. These cards also offer many benefits in the form of welcome benefits. Such as free air tickets and airport facilities like use of premium lounge, meet and greet service, porter, vehicle service and premium car parking. Such credit cards give users discounts on shopping at duty free shops and food and drinks at the airport. Along with this, you will also get the benefits of Adani Reward Points on free movie tickets and grocery items, utilities and international expenditure.

Speaking at the launch event, Jeet Adani, Director, Adani Group, said, “This unique partnership with ICICI Bank and Visa will set a new benchmark in customer experience. It will demonstrate our commitment to excellence with innovation. The Adani One ICICI Bank Credit Card is a simple way to a digital ecosystem. Users will experience extra-ordinary facilities by leveraging the Adani One platform.”

What did ICICI Bank say?

ICICI Bank Executive Director Rakesh Jha said, “We believe that our focus on ‘Customer 360’, supported by our digital products, process improvements and service delivery, enables us to provide holistic solutions to customers in a seamless manner and increase market share in key areas. The launch of co-branded credit cards with Adani One and Visa is in line with this philosophy. Through this launch, we intend to offer our customers a variety of rewards and benefits across the entire consumer network of the Adani Group (airport, electricity bills, online shopping, etc.) and also strengthen the bank’s credit card business.”

What did Visa India say?

Sandeep Ghosh, Group Country Manager, Visa India and South Asia, said, “At Visa, we are delighted to partner with Adani Group and ICICI Bank to bring co-branded credit cards. These cards provide travelers with a great travel and shopping experience. They enhance their convenience and travel experience, both online and offline. We are planning to bring many more such offers in the future.

What are the charges for co-credit card?

Customers can apply for co-credit card of Adani One and ICICI on the website www.adanione.com. The annual fee of Signature Credit Card is Rs 5,000. With joining this, you get benefits of Rs 9,000. On the other hand, the annual fee of Adani One ICICI Bank Platinum Credit Card is Rs 750. With joining this, you get benefits of Rs 5,000.

The post Adani One launches country’s first airport benefits credit card with ICICI Bank first appeared on Rightsofemployees.com.

This is why it is also called Safe Deposit Locker. However, this locker is not available for free. For this, you have to pay many charges (Bank Locker Charges) including locker rent to the bank every year. Let us know what are the locker charges in 5 banks.

SBI Locker Charge

In Canara Bank, you will have to pay Rs 400 along with GST just for registration. The locker rent can range from Rs 1000 to Rs 10,000. This charge depends on the area in which you are availing the locker facility and also how big or small the locker is.

ICICI Bank Locker Charge

ICICI Bank also has different types of locker charges depending on the area and size of the locker. These charges range from Rs 1200 to Rs 22,000.

Axis Bank Locker Charge

Annual Locker rentals:

If you are thinking of taking a locker in Axis Bank, then you may have to pay locker charges ranging from Rs 1500 to around Rs 14,256.

The post Bank Locker Charges: From SBI and HDFC to ICICI Bank, know what are the locker charges in these 5 banks first appeared on Rightsofemployees.com.

ICICI Bank Blocked Credit Card: The country’s largest private sector bank ICICI Bank has blocked 17000 credit cards. The bank has taken this step after the credit card data of 1700 customers was leaked. The bank has blocked the credit cards of all those customers whose data has been accessed by unauthorized persons. For the convenience of the customers, the bank has also released the list of customers whose credit cards have been blocked. Along with this, the bank has also said that it will issue a new card for these customers.

Customer complained about data leakage

The leak of bank credit card data has come to light after a customer complained. The customer had shared information about this on social media. Expressing apprehensions about data security on iMobile Pay App, he wrote that information like credit card number and CVV is visible in the credit card app. Card information of many unknown people was visible in this app. After this, concerns about the data security of the bank had increased among the customers.

The bank took these steps

After receiving information about the data leak, ICICI Bank has accepted the matter and said that in the recent few days, it has accepted that the credit card data of about 17,000 new customers has been leaked. But, the bank has also assured that not a single case of misuse of this data leak has come to light. Along with this, the bank said that if any customer suffers financial loss due to this, the bank will also give compensation to him. ICICI Bank said that customers should keep an eye on their credit card statements. If you notice any wrong transaction in your card, you can immediately block your card and get a new card issued.

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ICICI Bank : ICICI Bank has revised its charges. ICICI Bank has changed check book, IMPS, ECS/NACH debit return, stop payment charges. The bank has also revised the service charges related to savings account. According to the website of ICICI Bank, these changes will come into effect from May 1, 2024.

These services related to ICICI Bank Saving Account have been revised.

1. Debit card annual charge – Rs 200 annually, Rs 99 annually in rural areas

2. Check Book – Zero charge i.e. no charge for 25 check books in a year. After that, Rs 4 will have to be paid for each cheque.

3. DD/PO – Rs 100 will have to be paid for cancellation, duplicate, revalidation.

4. IMPS – Outward: · Amount up to Rs 1,000 will be charged Rs 2.50 per transaction, Rs 1,000 to Rs 25,000 – Rs 5 per transaction, Rs 25,000 to Rs 5 lakh – Rs 15 per transaction.

5. Account closure: NIL

6. Debit Card PIN Regeneration Charge: NIL

7. Debit Card De-Hotlisting: NIL

8. Balance Certification, Interest Certificate: NIL

9. Charge for retrieving old transaction documents – NIL

10. Charges for retrieving documents related to old transactions or inquiries related to old records: NIL

11. Signature Verification or Attestation: Rs.100 per transaction

12. Address Verification: NIL

13. ECS/NACH Debit Returns: Rs 500 each for financial reasons.

14. National Automated Clearing House (NACH)

15. One Time Authorization Charge –NIL

16. Marking or unmarking of savings account – NIL

17. Internet Users ID or Password (Branch or Non-IVR Customer Number): NIL

18. Request for change of address in the branch: NIL

19. Stop Payment Charge – Rs 100 for cheque

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• Bank Account Holders: Big news! Yes Bank and ICICI Bank are going to make this big change from May 1, know immediately

The post ICICI Bank New Charges: Big news for customers! ICICI Bank has revised 19 charges related to savings account, know new charges here first appeared on Rightsofemployees.com.

Yes Bank and ICICI Bank are going to make some changes in the service charges of their savings accounts, which will be applicable from May 1. Along with these changes, both banks have also announced the closure of select account types.

Yes Bank

• According to the official website of Yes Bank, the bank will be revising its minimum average balance (AMB) requirements across different savings account types, which are as follows –
• Savings Account Pro Max will require an AMB of Rs 50,000, while the maximum charge will be limited to Rs 1,000. Savings Account Pro Plus, Yes Essence Savings Account, and Yes Respect Savings Account will require an AMB of Rs 25,000, with a maximum charge of Rs 750.
• For Savings Account Pro, AMB of Rs 10,000 will be mandatory, and the maximum charge will be Rs 750. For Savings Value and Kisan Savings Account, AMB of Rs 5,000 will be required.

Apart from this, the bank will be discontinuing several account types, including Savings Exclusive, Yes Savings Select and many others tailored for specific customer segments.

ICICI Bank

ICICI Bank is also going to make changes in many of its banking services. This includes Minimum Monthly Average Balance (MAB), cash transactions charges, ATM interchange fees and more.

Meanwhile, the bank will close many accounts, which include Advantage Women Savings Account, Privilege Accounts Advantage Women Savings Account, Asset Linked Savings Account and Aura Savings Account.

These changes will happen in the regular savings account of ICICI Bank

• Debit card annual fee: Rs 200 per year. (Rs 99 per year for rural locations).
• Check Book: Nil for 25 checks in a year and Rs 4 per check thereafter.
• IMPS: Outward Transactions: The bank will levy tiered charges based on the transaction amount, which will range from Rs 2.50 to Rs 15 per transaction depending on the transaction value.
• Cash Transactions Charges: ICICI Bank will adjust the charges for transactions at domestic and non-domestic branches including third party transactions.

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All banks in the country offer a certain number of free ATM transactions to their customers every month. If this limit is exceeded within a month, customers will have to pay extra on every ATM transaction, be it financial or non-financial.

As per the latest guidelines of the Reserve Bank of India, banks can charge a maximum of Rs 21 on each withdrawal irrespective of the number of free transactions. Come, let us know which banks give limit for how many transactions in a month and how much charge you will have to pay after that.

How many transactions will be free in a month?

Most banks offer customers 5 free transactions every month. If it is not used, this limit does not carry over to the next month. Come, let us know about the rules of some major banks of the country.

Punjab National Bank ATM

PNB allows 5 free transactions every month at its ATMs in both metro and non-metro areas. After this, customers will have to pay Rs 10 on each transaction. At the same time, at ATMs of other banks, PNB offers three free transactions in metro cities and five free transactions in non-metro cities. After this the bank will charge Rs 21 plus tax for financial transactions. PNB will charge Rs 9 plus taxes for non-financial transactions.

SBI ATM

State Bank of India offers 5 free transactions (including non-financial and financial) at its ATMs for average monthly balance above Rs 25,000. Transactions above this amount are unlimited. There is a charge of Rs 10 along with GST at SBI ATM for financial transactions exceeding the limit. At other bank ATMs, it is Rs 20 plus GST per transaction.

ICICI Bank ATM

ICICI Bank allows its customers 3 free transactions in metro areas and 5 in non-metro areas every month. After that, Rs 8.5 is charged for every non-financial transaction and Rs 21 for every financial transaction at ICICI Bank ATMs.

HDFC Bank ATM

There is a limit of 5 free transactions every month at HDFC Bank ATMs. For non-bank ATMs its limit is 3 transactions in metro areas and 5 transactions in non-metro areas. After exceeding the limit, customers will be charged Rs 21 for each financial transaction and Rs 8.5 for each non-financial transaction.

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Home loan is a long term loan. Home loans usually last for 15 to 20 years. Due to this, people have to pay huge amount as interest. If the interest rate is low, there is huge savings on home loan in the long run. We are telling you about those 5 banks which are giving home loan at the lowest interest.

If you look at the current home loan interest rates offered by the top 5 banks – Bank of Baroda, Punjab National Bank, SBI, HDFC Bank and ICICI Bank, you will find that their rates range from 8.4% to 10.90%. You can save big by taking home loan from these banks.

Bank of Baroda

Bank of Baroda (BoB) home loan interest rates start from 8.4% per annum to 10.90% for tenures up to 30 years.

Punjab National Bank

Punjab National Bank home loan interest rates start from 8.4% per annum and go up to 10.25% per annum (on floating basis) for tenures up to 30 years.

SBI Home Loan

State Bank of India (SBI) is currently offering home loan interest rates starting from 8.50% per annum to 9.85% for tenures up to 30 years.

HDFC bank

HDFC Bank home loans start at 8.7% per annum for tenures up to 30 years and loan amounts up to Rs 10 crore. One can avail a loan up to 90% of the property price.

ICICI Bank

ICICI Bank currently offers home loan interest rates starting at 8.75% per annum for tenures up to 30 years. The bank charges a processing fee of 0.5%.

Canara Bank and Central Bank

Canara Bank and Central Bank of India are charging interest at the rate of 8.5 percent on home loans. The EMI on a home loan of Rs 75 lakh for a tenure of 20 years will be Rs 64,650. The interest rate on home loan in Kotak Mahindra Bank starts from 8.7 percent. The EMI on a home loan of Rs 75 lakh for a tenure of 20 years will be Rs 65,550.

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Interest rates on ICICI Bank bulk FD

• 7 days to 14 days: For general public – 4.75 percent; For senior citizens – 4.75 percent
• 15 days to 29 days: For general public – 4.75 percent; For senior citizens – 4.75 percent
• 30 days to 45 days: For general public – 5.50 percent; For senior citizens – 5.50 percent
• 46 days to 60 days: For general public – 5.75 percent; For senior citizens – 5.75 percent
• 61 days to 90 days: For general public – 6 percent; For senior citizens – 6 percent
• 91 days to 120 days: For general public – 6.50 percent; For senior citizens – 6.50 percent
• 121 days to 150 days: For general public – 6.50 percent; For senior citizens – 6.50 percent
• 151 days to 184 days: For general public – 6.50 percent; For senior citizens – 6.50 percent
• 185 days to 210 days: For general public – 6.75 percent; For senior citizens – 6.75 percent
• 211 days to 270 days: For general public – 6.75 percent; For senior citizens – 6.75 percent
• 271 days to 289 days: For general public – 6.85 percent; For senior citizens – 6.85 percent
• 1 year to 389 days: For general public – 7.25 percent; For senior citizens – 7.25 percent
• 390 days to less than 15 months: For general public – 7.25 percent; For senior citizens – 7.25 percent
• 15 months to less than 18 months: For general public – 7.05 percent; For senior citizens –
• 7.05 percent
• 2 years 1 day to 3 years: For general public – 7 percent; For senior citizens – 7 percent
• 3 years 1 day to 5 years: For general public – 7 percent; For senior citizens – 7 percent
• 5 years 1 day to 10 years: For general public – 7 percent; For senior citizens – 7 percent

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In this comparison, private banks come out ahead. However, government banks also offer very good interest to their customers. Along with this, they keep changing the interest rates from time to time. In this context, Bank of India has now made changes in its FD dates.

New rates updated

Bank of India has updated its fixed deposit interest rates for deposits less than Rs 2 crore. After this update, the bank is now offering interests ranging from 3 percent to 7.25 percent for deposit periods ranging from 7 days to 10 years. These updated interest rates are applicable from the beginning of this month i.e. 1st April.

The bank is offering extra 50 basic points to senior citizens on tenure of 6 months and above. Whereas super senior citizens get 65 basic points extra. Apart from this, for deposits less than Rs 2 crore and tenure of 3 years or more, the bank gives 25 basic points extra premium to senior citizens and super senior citizens.
Latest interest rates on fixed deposits of different banks-

Bank of India
Bank of India 3 percent on deposits maturing between 7 days to 45 days, 4.50 percent on deposits maturing between 46 days to 179 days, 5.50 percent on deposits maturing between 180 days to 269 days and 270 days Offers an interest rate of 5.75 percent on deposits maturing in less than 1 year.

Apart from this, the bank is offering 6.80 percent on deposits maturing between 1 year to 2 years, 7.25 percent on deposits maturing between 3 years to 5 years and 6.50 percent on deposits maturing between 5 years to 5 years. Offers an interest rate of 6 percent on deposits maturing within 10 years.

State Bank of India

State Bank of India offers interest rates ranging from 3.5 percent to 7 percent to general customers on fixed deposits maturing between 7 days to 10 years. Whereas for the same period, the bank is giving interest rates ranging from 4 percent to 7.5 percent to senior citizens. These updated rates are applicable from December 27 last year.
HDFC bank
HDFC Bank is offering interest ranging from 3 percent to 7.25 percent to its general customers on fixed deposits maturing between 7 days to 10 years. Whereas for senior citizens these interest rates range from 3.5 percent to 7.75 percent. These updated rates are applicable from February 9 this year.

ICICI Bank

ICICI Bank is also offering interest ranging from 3 percent to 7.25 percent to its general customers on fixed deposits maturing between 7 days to 10 years. Whereas for the same period, the bank is giving interest rates ranging from 3.5 percent to 7.75 percent to senior citizens. These updated rates are applicable from February 17 this year.

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ICICI Bank Advisory: ICICI Bank has issued an advisory for users. It has been said that users should be alert from any fake links and files as these can be a trick of cyber criminals. Along with this, the bank has also shared some tips for the users, by which online fraud can be avoided. The bank says that many such cases are being seen in which users have suffered huge losses after clicking on the link.

While issuing advisory, ICICI Bank said that scammers extract OTP from your mobile and take control of the smartphone. In this way, scammers not only steal data but can also empty your account. The bank tells its customers that the bank never asks its customers to call the mobile number or download the app, nor does it send any SMS or WhatsApp message related to this. The bank has also shared some tips regarding this.

You can follow these tips

• The first thing you should do is update your mobile with the latest operating system and security patches.
• Secondly, it is important for you that if you are installing any app, then always do it from Google Play Store or Apple Play Store only.
• Third, install anti-virus or security software only from a trusted provider and keep installing it from time to time.
• Whenever any application asks for permission, verify it first.
• Apart from this, do not click on suspicious links coming in messages or emails.
• Do not download applications from any unknown source.
• Along with this, do not share OTP, password, PIN or card number with anyone by mistake.
• If any fraud occurs, immediately report it to the National Cyber Crime Portal.

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So this news is for you because here is the complete list in which complete information is written about the interest rates that private and public sector banks are giving you on fixed deposits based on time.

Fixed Deposit Interest Rates: The common man is very troubled due to inflation. In today’s time, every person tries his best to save for his bad times and family but remains worried as to where to invest his savings so that he can get good interest also. In such a situation, let us tell you about those private and public sector banks which are offering good interest rates.

ICICI Bank

This bank gives interest between 3 to 7.2 percent depending on the number of years of FD. If the tenure of your FD is 15 months to 2 years, this bank will give you maximum interest of Rs 7.20 only. When the tenure of FD is between 2 years to 5 years, the interest rate will be 7 percent and when the tenure of FD is between 1 year to 15 months, the interest rate will be up to 6.7 percent.

SBI

Depending on the tenure of FD, this bank gives you interest rate of 3.5 to 7 percent. If the FD is for 2 to 3 years then the maximum interest rate available is 7 percent. On the other hand, if you make an FD between 3 to 5 years, the interest rate will be 6.75 percent, for 5 to 10 years, the interest rate will be 6.5 percent and finally, if you make an FD within 1 to 2 years, you will get an interest rate of 6.8 percent every year. Is.

HDFC bank

This bank offers interest ranging from 3 to 7.25 percent every year. While the lowest interest rate is 3-4.25 percent, the highest interest rate is 7-7.25 percent. When the time for depositing money in FD is 2 years 11 months to 35 months, then the bank will give interest at 7.25 percent. When this time is 4 years 7 months to 55 months, then the interest rate on FD deposits will be 7.20 percent and when this time is 1 year to 15 months, then the interest rate on FD deposits will be 6.6 percent.

Kotak Mahindra Bank

By making FD from this bank, you get interest rates ranging from 4 to 7.25 percent depending on the time. In FDs with tenure between 365 days to 2 years, you get a maximum interest rate of 7.25 percent. You get interest rates up to 7% on FDs of 180 days, 7% on FDs of 2-3 years, 6.5% on FDs of 3 to 4 years and up to 6.25% on FDs of 4 to 7 years.

Bank of Baroda

Depending on how old the FD is, this bank gives interest rates between 4.25 percent to 7.25 percent. While on FD of 2 to 3 years, the interest rate will be up to 7.25 percent, on FD of 399 days, the annual interest will be up to 7.15 percent. The bank will give you an interest rate of 7.10 percent for 360 days and 6.85 percent interest rate for 1 to 2 years.

The post Fixed Deposit Interest Rates : Which bank is beneficial in opening FD? See the list here first appeared on Rightsofemployees.com.

SCSS vs Senior Citizen FD Scheme: There is a large population of senior citizens in the country, who like to invest risk free. Generally, most banks offer more interest on fixed deposit schemes to customers above 60 years of age than to normal customers.

Apart from this, the post office is also offering strong returns on deposits to the customers through the Senior Citizen Saving Scheme. In such a situation, if you are thinking of investing in Senior Citizen Savings Scheme and any one of the top banks, then we are telling you about the interest rates available on both.

This much interest is being received on Senior Citizen Saving Scheme

Under the Post Office Savings Scheme, Senior Citizen Saving Scheme, senior citizens are getting the benefit of interest rate at the rate of 8.20 percent on the deposited amount. Under this scheme you can invest from Rs 1,000 to Rs 30 lakh. The government decides the interest rate of this scheme on a quarterly basis and credits it in the account. Under this scheme you can invest money for a total of 5 years. By investing in this, you get a rebate of Rs 1.5 lakh under Section 80C of Income Tax.

SBI FD Scheme

State Bank of India is offering interest rates ranging from 3.50 percent to 7.50 percent on FDs of 7 days to 10 years to its senior citizen customers. At the same time, the bank is offering maximum interest of 7.60 percent to senior citizens under Amrit Kalash Scheme (400 days FD scheme).

Bank of Baroda FD Scheme

Big public sector bank i.e. Bank of Baroda is offering 3.50 percent to 7.50 percent interest rate to senior citizens on FD ranging from 7 days to 10 years. Whereas the bank is offering maximum interest rate of 7.75 percent on FD scheme for 2 to 3 years.

HDFC Bank FD Scheme

HDFC Bank, the largest private sector bank, is offering interest rates ranging from 3.50 percent to 7.75 percent to senior citizens for FDs for tenure ranging from 7 days to 10 years. The benefit of maximum interest i.e. 7.75 percent interest is available only on FD schemes for 5 to 10 years.

ICICI Bank FD Scheme

ICICI Bank is giving the benefit of 0.50 percent additional interest rate to senior citizen customers as compared to general customers. General customers are getting interest rates ranging from 3.50 percent to 7.50 percent on FD schemes ranging from 7 days to 10 years. Whereas the benefit of maximum interest rate is available on FD schemes ranging from 15 months to 2 years.

The post SCSS vs Senior Citizen FD : Which scheme is better for the elderly, SCSS or Bank FD, know where they are getting more benefits. first appeared on Rightsofemployees.com.

Many customers take bank loan. Many banks have revised interest rates in the months of January and February. If you are also planning to take a loan then first see where you are getting a cheap loan. Both private and government banks are included in this list.
Let us check which bank is giving loan at what rate-

Bank of Baroda

Bank of Baroda (BoB) has amended the MCLR of the bank on 12 February 2024. The MCLR rate of the bank for overnight period is 8.05 percent. Apart from this, MCLR for one month is 8.30 percent. The MCLR rate for a period of 3 months is 8.40 percent. MCLR rate for a period of 6 months is 8.60 percent. One year MCLR rate is 8.80 percent.

ICICI Bank

According to the website of ICICI Bank, at present the overnight MCLR rate is 8.40%. The MCLR rate for three months and six months in ICICI Bank is 8.45 percent and 8.60 percent respectively. The one year MCLR rate has been revised to 8.65 percent.

Punjab National Bank

According to the website of PNB, the MCLR rates of the bank for overnight period have increased from 7.90 percent to 7.90 percent. One month MCLR rate has increased from 7.90 percent to 8 percent.

Yes Bank

According to the website of Yes Bank, MCLR rates have increased. The new rates are effective from January 1, 2024. The overnight period rate is 9.2%. MCLR rate for one month is 9.45%. MCLR rate for three months is 10%. The six month rate is 10.25% and the one year rate is 10.50%.

Bank of India

According to the website of Bank of India, the bank has increased the MCLR rates for overnight period and one month period. The bank has increased the rate by 10 bps and it is effective from February 1, 2024. The three month rate is 8.40%. At the same time, the six month rate is 8.60% and the one year rate is 8.80%.

HDFC Bank

HDFC Bank has increased the loan interest rates. The bank has increased the MCLR rates. The new rates of the bank have come into effect from 8th February. The bank has increased the rates of some selected tenure loans by 10 bps. The MCLR of the bank has come between 8.90 percent to 9.35 percent. The bank has increased the overnight MCLR rate by 10 basis points, after which its rate has increased from 8.80 percent to 8.90 percent.

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However, personal loans generally come with higher interest rates. Higher interest is because this loan is available immediately and one does not have to bother with many documents.

It is especially easy for salaried employees to get personal loans. The required documents usually include salary slip of last three months, bank details and identity proof like driving license or Aadhaar card.

Before taking a loan from a particular bank or institution, you should explore other options for your needs. Generally, lenders offer loans at lower interest rates to borrowers with higher credit scores, while borrowers with lower scores have to take loans at higher rates.

Check, which bank is giving loan at what interest rate?

-HDFC Bank

10.75% to 24%

-ICICI Bank

10.65% to 16.00%

-SBI

11.15% to 11.90%

-Kotak Mahindra

10.99%

-axis Bank

10.65% to 22%

-IndusInd Bank

10.25% to 26%

-Bank of Baroda

11.40% to 18.75%

-Punjab National Bank

11.40% to 12.75%

-Union Bank of India

11.35% to 15.45%

-IDBI Bank

10.50% to 13.25%

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HDFC Bank has changed the rules of Regalia and Millennia Credit Cards. The rules for lounge access for Regalia cards have been changed from December 1, 2023. According to the new rules, the lounge access program will be based on credit card spending. You will get two lounge access vouchers if you spend more than Rs 1 lakh in a calendar quarter. Similarly, on spending Rs 1 lakh every quarter with HDFC Millennia Card, you will get a lounge access.

As per SBI Card, cashback for fare payment transactions on your Paytm SBI Credit Card has been discontinued from January 1, 2024. From November 1, 2023, the 10X reward points for EasyDiner online purchases on SimplyClick/SimplyClick Advantage SBI Card will now be 5X reward points. 10X reward points will be added to your card for online purchases made on Apollo 24×7, Bookmyshow, Cleartrip, Dominos, Myntra, Netmades and Yatra.

Axis Bank has also made some important changes for credit card holders. Axis Bank has made changes in the annual fee and joining gift of Magnus Credit Card. The bank has also made changes in the terms and conditions of Axis Bank Reserve Credit Card.

ICICI Bank is soon going to implement changes in the rules related to airport lounge access and reward points of cards for credit card holders. According to the ICICI Bank website, from April 1, 2024, you can avail airport lounge access by spending Rs 35,000 in the previous calendar quarter. Spending in the previous calendar quarter will unlock access for the next calendar quarter.

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Private sector ICICI Bank customers will now be able to do UPI transactions with their RuPay credit cards. This service has been started by the bank from December 1, 2023. Now customers can make UPI payments by linking their ICICI RuPay Credit Card to any UPI app including PhonePe, GooglePay and Paytm.

To whom do you pay? 

According to the information given by ICICI Bank, any person can transfer money from his RuPay credit card only from person to merchant. That means you can use it only for shopping. If you cannot transfer money to any person through this. 

How to make UPI payment through ICICI Rupay Credit Card?

To make payment through ICICI RuPay Credit Card, first of all you have to link your credit card through UPI app. After this, you can easily go to any merchant QR code and transact through UPI PIN. 

How to link ICICI Rupay Credit Card with UPI?

You can easily link ICICI Bank RuPay Credit Card to the UPI app. 

• For this, first of all you have to download the iMobilePay app of ICICI Bank. After this, open the app and go to ‘UPI Payment’. After this go to ‘Manage’ tab. 
• Now go to ‘My Profile’ and click on Create New UPI ID. 
• Select RuPay Credit Card here. Click on its procedure. After this, you can set the PIN and do UPI transaction. 

Transactions can be done with Rupay credit cards of these banks

Apart from ICICI Bank, you can also easily do UPI transactions using RuPay credit cards of Axis Bank, Kotak Mahindra Bank, SBI Card, HDFC Bank, ICICI Bank, Yes Bank, Bank of Baroda and Punjab National Bank. 

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According to the information given on the website of ICICI Bank, the interest on FD of Rs 2 crore to Rs 5 crore for a period of 7 to 14 days is 4.75 percent. The interest on FD of 30 days to 45 days is 5.5 percent and the interest on FD of 46 days to 60 days is 5.75 percent. Apart from this, interest on FD of 61 days to 90 days has been fixed at 6 percent, interest on FD of 91 days to 120 days has been fixed at 6.5 percent.

6.5 percent interest is being given on FDs of 121 days to 150 days, 6.75 percent interest is being given on FDs of 271 days to 289 days. The bank is offering 7.25 percent interest on FDs of one year to 389 days.

HDFC Bank also changed FD interest rate

HDFC Bank has also changed the interest rates on FDs of Rs 5 crore or more. The bank is now offering interest ranging from 4.75 percent to 7.00 percent on FDs of more than Rs 5 crore.

Let us tell you, recently the Federal Bank has changed the interest rates of some selected tenure FDs of less than Rs 2 crore. Now the bank is offering 7.50 percent interest rate to common citizens on FD of 500 days and 7.05 percent interest rate on FD of 21 months to less than 3 years. At the same time, banks are giving additional interest of 0.50 percent to senior citizens on FDs of both the tenures.

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Convenience on payment through these methods

ICICI Bank said in a statement that now its customers, whether they are shopping or paying any kind of bill or making offline payment like POS machine, can make payment from their Rupay credit card through UPI. This facility is for person to merchant payment. Along with this, users will also get the benefits of reward points.

You can link these credit cards

ICICI Bank has tied up with National Payment Corporation of India to enable UPI transactions on its RuPay credit card. ICICI Bank is currently issuing various types of RuPay Credit Cards to its customers, which include ICICI Bank Coral RuPay Credit Card, ICICI Bank HPCL Super Saver RuPay Credit Card and ICICI Bank Rubix RuPay Credit Card. ICICI Bank customers can link these credit cards with UPI.

UPI payment will have to be done like this

ICICI Bank customers can make payment through UPI by scanning the QR code of the merchant from their iMobile Pay app. Apart from iMobile Pay, customers can also make payment using their RuPay credit card using any other UPI payment app. For this, they will first have to link their respective credit cards with UPI.

How to link ICICI Bank Rupay Credit Card with UPI…

• Go to UPI Payments option in iMobile app.
• Go to Manage option and open My Profile.
• Select the option of Create New UPI ID.
• Select Rupay Credit Card as payment mode
• Select the UPI ID of your choice which you want to link.
• Click on Proceed and check the transaction details.
• The card will be linked as soon as you click on Confirm.

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Two government and one private bank of the country have changed the loan interest rates. These are Punjab National Bank, Bank of India and ICICI Bank. Banks have changed the MCLR for loans of almost all tenures. The new loan rates will be applicable from August 1, 2023. Know how it will affect you?

In fact, the MCLR rate of a bank is that minimum interest rate, below which the bank does not give loans at all. In such a situation, if the bank increases the MCLR or makes any changes in it, then it directly affects the borrowers. Know which bank has increased how much MCLR…

ICICI Bank

ICICI Bank has increased the interest rates on all term loans by 0.05 percent. This includes loans with tenures ranging from one day, one month to one year and above. From now on, the MCLR for overnight and one month loans will be 8.40%. While interest will be charged at the rate of 8.45% for three months, 8.80% for six months and 8.90% for one year.

Punjab National Bank

At present, no change has been made in MCLR by Punjab National Bank. These are 8.10% for overnight, 8.20% for one month, 8.30% for three months, 8.50% for six months, 8.60% for one year and 8.90% for tenure of three years or more.

Bank of India

Bank of India has increased MCLR for some of its loans. According to the bank’s website, the MCLR rate for different periods is as follows.

• Over night 7.95%,
• One month 8.15%,
• 3 months 8.30%,
• 6 months 8.50%,
• one year 8.70%,
• For a period of three years and above, interest rate of 8.90% will be charged.

The post Bank Revised Rate: These Bank has increased the interest rate, your loan will be affected like this first appeared on Rightsofemployees.com.

SBI RD Interest Rate

SBI offers interest rates ranging from 6.80% to 7% on recurring deposits for tenures ranging from one year to ten years. The minimum monthly deposit in SBI starts from Rs 100 and in multiples thereof. On the other hand, if you delay in paying the installment of your RD, then you will have to pay a fine on it. On the other hand, if you miss six consecutive installments, then your account will be closed prematurely.

HDFC bank rd interest rate

HDFC Bank offers interest ranging from 4.50 percent for a period of 6 months. And the interest rate offered for 9 months, 12 months and 15 months is 5.75%, 6.60% and 7.10% respectively. For tenures of 24 months, 27 months, 36 months, 39 months, 48 ​​months, 60 months, 90 months and 120 months, HDFC Bank offers 7% interest rate.

ICICI Bank RD Interest Rate

ICICI Bank offers interest rates between 4.75% to 7.10% for general citizens and 5.25% to 7.50% for senior citizens. According to the website of ICICI Bank, RD deposits will be available from 6 months to 10 years.

yes bank rd interest rate

Yes Bank offers interest ranging from 6.10% to 7.75% for tenures ranging from 6 months to 5 years. RD can also be scheduled for tenancy up to 3 months. Bank will charge 1% penalty on late payment.

PNB RD Interest Rate

Punjab National Bank offers interest ranging from 4.50% to 7.25% with tenure ranging from 6 months to 120 months. If you delay depositing your RD installments then you will have to pay a penalty of Re 1 on Rs 100.

The post SBI vs HDFC Bank Vs ICICI Bank: Know in which bank you will get the most benefit on getting RD first appeared on Rightsofemployees.com.

As per the bank rules, the interest being given on the savings account is credited to your account at monthly or quarterly intervals. How much interest will be given on savings account depends on the bank. Let us tell you that FD gives the highest interest rate for senior citizens, they do not get the benefit of interest rate of savings account. Here let’s see how much interest SBI, ICICI Bank, HDFC Bank, PNB, Canara Bank are paying on savings account.

SBI Saving Account Interest rates

Interest rate is 2.70 per cent for savings accounts with balance up to Rs 10 crore and 3 per cent for balance above Rs 10 crore.

HDFC Saving Account

The interest rate on savings accounts in HDFC Bank is 3 per cent for balances below Rs 50 lakh and 3.50 per cent for balances above Rs 50 lakh.

ICICI Bank Interest for Saving Account

At the end of the day the interest rate on the balance of less than Rs 50 lakh will be 3 percent. At the end of the day, the balance of more than Rs 50 lakh will have an interest rate of 3.5 percent.

Punjab National Bank

Punjab National Bank gives 2.70 per cent interest rate on the balance of less than Rs 10 lakh. Pays an interest rate of 2.75 per cent on account balances of less than Rs 10 lakh to Rs 100 crore. PNB gives 3% interest on account balance of Rs 100 crore and above.

Canara Bank Saving Account

Canara Bank offers an interest rate between 2.90 per cent to 4 per cent for the amount on the savings account. A maximum amount of 4% is paid on the balance amount of Rs.2000 crores.

How much tax will be charged on the interest amount received from the savings account

Under Section 80TTA of the Income Tax Act, the interest earned on the savings bank account is tax free up to Rs 10,000. If the interest received from these sources exceeds Rs 10,000, then the excess interest on the savings account will be taxable. For senior citizens, the amount received from savings accounts is limited to Rs 50,000, the amount above which will be taxable.

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These banks have also extended the deadline for investing in special FDs. Here’s a comparison of the special FD rates of SBI, HDFC Bank and ICICI Bank. Know here which bank is offering more interest to customers on Senior Citizen Special FD.

Interest rates on SBI WeCare FD (SBI WeCare FD interest rate)

The bank gives 0.50 more interest to senior citizens than the general customer on any FD. SBI WeCare is getting 7.50% interest. Investments under the scheme are made for a minimum of 5 years and a maximum of 10 years. These rates will be available on new and renewable FDs. The last date to invest in this scheme is 30 September 2023. Apart from this, SBI has Amrit Kalash scheme, which is being run keeping in mind the senior citizens. SBI offers interest ranging from 3.50 per cent to 7.60 per cent on its FDs.

FD for senior citizens of HDFC Bank (HDFC Bank senior Citizen Care FD interest rate)

HDFC Bank gives extra interest of 0.25% to super senior citizens on special FDs apart from 0.50% to senior citizens. Super senior citizens get an additional interest of 0.75 per cent. Super senior citizens get 7.75% interest on FDs of 5 years to 10 years. The last date to invest in Senior Citizen Care FD is 7 November 2023. HDFC Bank is offering interest ranging between 3.50% to 7.75% to senior citizens.

ICICI Bank Golden Years FD

ICICI Bank offers an interest of 0.10% to senior citizens in addition to an additional interest of 0.50% on the Golden Years FD scheme. There is no deadline for investment in this scheme. This scheme is running from 20 May 2020. Investments can be made in this for a minimum period of 5 years from 1 day to 10 years. The interest rate on this is 7.50%.

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Many banks in the country provide locker facilities to their customers in many of their big branches. Locker fees vary depending on its size and location. In addition, some banks such as State Bank of India (SBI), Canara Bank , oblige the locker-hirer to make a term deposit at the time of allotment, covering three years’ rent and lock the locker if the rent is not paid. cost is included.

what is bank locker

A safe deposit locker is a locker on rent that a bank offers you to keep your valuables. Valuables jewellery, gems, financial or legal papers, insurance policies, identity proofs, other confidential and personal items can be kept. The locker hirer should make advance payment of his rent for the entire financial year. Here is a comparison of HDFC Bank, SBI, ICICI Bank, Canara Bank, Yes Bank locker charges as per bank websites.

SBI locker fee

The bank will charge Rs.1500+GST for urban and metro customers for small size lockers and Rs.1000+GST for rural and small town customers for small size lockers. For medium-sized lockers, SBI charges Rs 3000 + GST ​​for urban and metro customers and Rs 2000 + GST ​​for rural, semi-urban customers.

hdfc bank locker charges

Depending on the availability and locations in HDFC Bank , the locker fees can range from Rs 1350 to Rs 20,000 per annum. In metro and urban locations, it usually charges an annual storage fee of Rs 3,000 for medium lockers, Rs 7,000 for large lockers and Rs 15,000 for extra large lockers.

ICICI Bank Locker Charges

ICICI Bank charges between Rs 1,200 to Rs 5,000 for small size lockers. For medium sized lockers, bank charges vary between Rs 2,500-9,000 and for large ones the charges vary between Rs 4,000-15,000.

yes bank locker fees

Yes Bank charges Rs 4,500 to Rs 32,000 for different sizes of lockers. According to the Yes Bank website, in case the locker is surrendered before the expiry of the lease period, a proportionate amount of advance rent collected i.e. will be refunded.

canara bank locker fees

For Canara Bank customers, the one-time locker registration fee is Rs 400 plus GST. Service charge for locker operation, limited to 12 free per year, thereafter there will be a charge of Rs.

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The investment tenure of FDs varies between banks and can be anywhere between seven days to ten years. Investment returns are compounded on a regular basis, monthly, quarterly or annually. If you want to invest in these FDs before the scheme ends, here is a comparison of 1-2 year FD interest rates of banks like HDFC Bank, ICICI Bank, SBI and SBI Amrit Kalash.

State Bank Of India

SBI is providing 6.80% interest rate on FDs from 1 year to 2 years. While the FD rate under Amrit Kalash is 7.10% for a tenure of 400 days which is 13 months 4 days.

HDFC bank

HDFC Bank is offering 6.60% on FDs for 1 year to less than 15 months and 7.10% for 15 months to less than 18 months. These rates are applicable from May 29, 2023. High interest rate of 7.25% is offered for 4 years 7 months to 55 months is the limited edition bank FD.

ICICI Bank

ICICI Bank offers 6.70% for general citizens for tenure less than 1 year to 15 months. The bank offers the highest interest rate of 7.10% for tenors ranging from 15 months to less than 2 years. The rates are applicable from February 24, 2023.

Canara Bank

Canara Bank offers the highest interest rate of 7.25% for general citizens with a tenure of 444 days. These rates are applicable from April 5, 2023.

Yes bank

Yes Bank offers 7.50% interest rate on FDs of 1 year to less than 18 months. These rates are effective from May 2, 2023.

Take special care of these things

Please tell that these interest rates are applicable for the amount less than Rs 2 crore. These rates are applicable only for general citizens, senior citizens get 0.5% higher returns than other customers, and partial and early withdrawals are subject to penalty and vary with banks.

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Yes, an order has been given by Union Finance Minister Nirmala Sitharaman to simplify the banking system. It was said on behalf of the Finance Minister that banks should make banking operations simple according to the needs of the customers.

With this, more and more customers will be able to connect with them. The Finance Minister suggested in the meeting The Union Finance Minister said last days that banks should pay attention to the facilities of the customers. This will make the process easier for the borrowers.

On behalf of the Finance Minister, it was also told to the banks that the standards of giving loans should be correct. This suggestion was made a few days ago in a meeting between industry representatives and the Finance Minister.

During this, Nirmala Sitharaman asked all the big banks to implement it. Following this suggestion given by the Finance Minister will benefit the customers of all banks including ICICI Bank, SBI and HDFC Bank. The Finance Minister also said that there is a need to make the banking system more and more customer friendly. You have to take care of the facilities of the customers.

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HDFC Bank vs SBI vs ICICI Bank FD Scheme: State Bank of India, HDFC Bank and ICICI Bank have come up with a special FD scheme for senior citizens. Let us know on which bank’s FD you will get the benefit of higher interest rate on investment.

HDFC Bank has launched HDFC Senior Citizen Care Scheme for senior citizen customers. This scheme was launched at the time of Corona. If you want to invest in this scheme then you have time till July 7, 2023.

Under the HDFC Senior Citizen Care Scheme, senior citizens are getting a whopping interest rate of 7.75 per cent on deposit schemes ranging from 5 to 10 years. At the same time, the bank is offering 7.70 and 7.75 percent interest rate to senior citizens on FDs of 35 and 55 months.

SBI has launched We Care FD scheme for senior citizens. Under this scheme, senior citizens are getting 30 basis points more than normal customers.

Under the SBI V Care scheme, people above 60 years of age are getting 7.50 percent interest rate on 5-year FD scheme. On the other hand, under SBI’s Amrit Kalash scheme, senior citizens are getting 7.60 percent interest rate on 400 days FD.

ICICI Bank has launched the Golden Year FD scheme for senior citizens. Under this scheme, customers are getting 7.50 percent interest rate as compared to ordinary citizens.

Under the Golden Year FD scheme by ICICI Bank, you will get the benefit of 7.50 percent interest rate for a period of more than 5 years.

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Many banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank (PNB), Bank of Baroda (BoB) offer 50 basis points (0.50 basis points) to senior citizens for FDs of 7 to 10 years compared to normal customers. per cent) pay additional interest. Let us take a look at the interest rates offered to senior citizens on these special FDs.

SBI Special FD Scheme for Senior Citizens

We Care, the special FD scheme of State Bank of India, offers an additional 30 bps interest rate to senior citizens on their FDs for a tenure of 5 years or more. If a senior citizen puts a fixed deposit under the special FD scheme, then the interest rate applicable on FD will be 7.50 per cent.

These interest rates are effective from February 15, 2023. SBI Amrit Kalash FD scheme comes with a special tenor of 400 days, on which general public will get an interest rate of 7.10% and senior citizens will get an interest rate of 7.60%.

HDFC Bank Special FD Scheme for Senior Citizen

HDFC Bank’s special FD scheme for senior citizens is called HDFC Senior Citizen Care. The bank offers 75 bps higher rate of interest on these deposits. According to the bank’s website, the last date for investing in the Senior Citizen Care FD scheme has been extended till July 7, 2023.

HDFC Bank offers an interest rate of 7.75% to senior citizens for tenure between 5 years and 1 day to 10 years. These rates are effective from May 29, 2023. Apart from this, HDFC Bank has also introduced two special edition FDs with tenures of 35 and 55 months which offer interest rates of 7.70% and 7.75% respectively to senior citizens.

ICICI Bank Special FD Scheme for Senior Citizens

ICICI Bank’s Special FD Scheme for Senior Citizens – ICICI Bank Golden Years FD Scheme offers 80 bps higher interest rate. ICICI Bank Golden Year FD scheme offers 7.50 per cent interest annually. These interest rates are effective from February 24, 2023.

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The bank has revised its marginal cost-based lending rates (MCLR) for the month of June 2023. Your home loan interest rates are decided on the basis of this. Home loan rates are decided on the basis of MCLR only. ICICI Bank has both cut and increased these rates.

ICICI Bank MCLR Rates

ICICI Bank has reduced the one month MCLR from 8.50% to 8.35%. The three-month MCLR has been reduced by 15 basis points (bps) from 8.55% to 8.40%. The bank has increased the MCLR by 5 bps each to 8.75% and 8.85% for tenors of six months and one year, respectively.

Now these are the new rates

Overnight: Old rate – 8.35 per cent; New rate – 8.35 percent

One month: Old rate – 8.50 per cent; New rate – 8.35 percent

Three months: Old rate – 8.55 per cent; New rate – 8.40 percent

Six months: Old rate – 8.70 per cent; New rate 8.75 percent

One year: Old rate – 8.80 per cent; New rate 8.85 percent

loan will be expensive

ICICI Bank has made the loan costlier. The bank has increased the interest rates linked to the repo rate (external benchmark linked loan interest rates – EBLR). By doing this of the bank, all types of loans including home, auto and personal loans will become expensive. This will directly affect your EMI. The bank has increased it by 10 basis points. These new rates have come into effect from today, June 1.

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The pilot-based digital rupee was launched on November 1, 2022, for use at the wholesale level. After that, the use of digital rupee in the retail segment was announced on December 1, 2022. Pilot projects were started in Mumbai, New Delhi, Bangalore and Bhubaneswar. In terms of usage, a limited range of customers and merchants were included in it.

Ahmedabad, Chandigarh, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla are also being included in the pilot project in a phased manner.

4 banks have been named

The pilot project started with four banks – State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank. While four other banks… Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank joined later.

5 more banks are in the process of joining

Central Bank said in 2022-23 report Five more banks… Punjab National Bank, Canara Bank, Federal Bank, Axis Bank and IndusInd Bank are in the process of joining the pilot project. The scope is being gradually expanded to include more banks, users and locations as per the need.

According to the released report

, in the case of wholesale and retail digital rupees, things are satisfactory so far and are in line with what was expected. With reference to the digital rupee wholesale segment, it said that settlement of secondary market transactions in government securities has been included under it. Transactions between banks are expected to become more efficient with the use of digital money-wholesale segment. This arrangement is expected to bring down the disposal cost.

Currently nine banks are participating

State Bank of India (SBI), Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC ) are participating in the pilot.

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Maximum getting so much interest

ICICI Bank is now offering the benefit of returns on Fixed Deposits maturing in a period of one year to 15 months at a maximum interest rate of 7.25 per cent. According to the official website of the bank, the new bulk rates have come into effect from May 20 itself.

Let us tell you that even today, most people in the country rely only on FDs for a safe investment option. However, due to the low interest rate in FD, very few people used to invest in it. But due to the increase in the repo rate several times by the Reserve Bank of India, the interest rate on FD is being increased by the banks.

What is the interest rate on FD in ICICI Bank?

ICICI Bank is now offering an interest rate of 4.75 per cent on FDs maturing in 7 days to 29 days. On the other hand, now this bank is offering an interest rate of 5.50 per cent per annum on FDs maturing in 30 days to 45 days. On deposits of 46 days to 60 days, this bank is now giving an interest rate of 5.75 per cent to its customers.

At the same time, this bank is offering 6% interest on FDs of 61 days to 90 days. This bank is now offering its customers an interest of 6.50 per cent per annum on FDs maturing in 91 days to 184 days. On the other hand, this bank is offering an interest rate of 6.65 per cent on FDs maturing in 185 days to 270 days.

How much is the interest on FD for more than 1 year

ICICI Bank is offering an interest rate of 6.75 per cent on FDs maturing in 271 days to less than 1 year. At the same time, this bank is now offering interest at 7.25 per cent on FDs maturing in 1 year to 15 months. ICICI Bank is now offering 7% interest rate to its customers on FDs of 15 months to 2 years. On the other hand, this bank is offering interest at 6.75 per cent on FDs maturing in 2 years, 1 day to 10 years.

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In the last one year, due to the increase in the repo rate by the central bank IBI, there has been a continuous increase in the interest of bank FDs. In the last 11 months, the repo rate has increased from 4 percent to 6.50 percent.

Because of this, the average 5 percent interest received on FD in 2022 has now increased to above the average 7 percent. This is a good opportunity for those investors who want to invest in FD. Let us know how much interest the country’s big banks are paying on bank FDs.

Interest on SBI’s FD

The country’s largest public sector bank State Bank of India (SBI) is offering FDs with tenures ranging from 7 days to 10 years. On this, interest ranging from 3.00 percent to 7.10 percent is being given to general citizens and 3.50 percent to 7.60 percent to senior citizens.

Interest on FD of ICICI Bank

ICICI Bank is giving interest ranging from 3 percent to 7.10 percent to investors on FDs ranging from 7 days to 10 years. Additional interest of 0.50 per cent is given to senior citizens. Due to this, citizens above 60 years of age are getting 3.50 percent to 7.60 percent interest on FD.

Interest on Axis Bank FD

The private sector Axis Bank is also offering attractive interest rates on FDs ranging from 7 days to 10 years. Interest of 3.50 percent to 7.20 percent is being given to general citizens and 3.50 percent to 7.95 percent to senior citizens.

Interest on FD of HDFC Bank

HDFD Bank is offering an interest rate of 3 percent to 7.1 percent on FDs ranging from 7 days to 10 years. At the same time, senior citizens are being given interest ranging from 3.5 percent to 7.6 percent on FDs ranging from 7 days to 5 years.

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The post SBI vs HDFC vs Axis vs ICICI Bank: Strong interest is being received on bank FD, investing in which is the most beneficial first appeared on Rightsofemployees.com.

Yes, an order has been given by Union Finance Minister Nirmala Sitharaman to simplify the banking system. It was said on behalf of the Finance Minister that banks should make banking operations simple according to the needs of the customers.

With this, more and more customers will be able to connect with them. The Finance Minister suggested in the meeting The Union Finance Minister said last days that banks should pay attention to the facilities of the customers. This will make the process easier for the borrowers.

On behalf of the Finance Minister, it was also told to the banks that the standards of giving loans should be correct. This suggestion was made a few days ago in a meeting between industry representatives and the Finance Minister.

During this, Nirmala Sitharaman asked all the big banks to implement it. Following this suggestion given by the Finance Minister will benefit the customers of all banks including ICICI Bank, SBI and HDFC Bank. The Finance Minister also said that there is a need to make the banking system more and more customer friendly. You have to take care of the facilities of the customers.

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But now you can choose EMI option during UPI payment. However, this facility has been started by the private sector ICICI Bank.

Since the trend of payment through UPI has increased rapidly in the country, this facility provided by ICICI Bank will be very useful for crores of customers. Because through this they will be able to buy goods on monthly EMI by scanning any QR code while making UPI payment.

A good news has come for crores of customers paying through UPI in the country. Now you can also buy goods on EMI through UPI. Earlier during shopping, credit card or debit card was required to buy a product on installments. But now you can choose EMI option during UPI payment. However, this facility has been started by the private sector ICICI Bank.

Since the trend of payment through UPI has increased rapidly in the country, this facility provided by ICICI Bank will be very useful for crores of customers. Because through this they will be able to buy goods on monthly EMI by scanning any QR code while making UPI payment.

3, 6 and 9 Months Easy Installment Option

Customers can pay an amount of Rs.10,000 and above in easy installments of 3, 6 or 9 months. Bijit Bhaskar, Head, Digital Channels & Partnerships, ICICI Bank said, “We have observed that maximum payments these days are done through UPI, with customers increasingly opting for Buy Now Pay Later, as reported by Money Control. Are. Keeping in view both these trends, the bank is introducing the facility of Instant EMI for UPI payments made through Pay Later.

To use the EMI facility on PayLater, first of all, you have to scan the QR code after purchasing the goods at a store. Then you have to select the option of Scan Any QR to use the iMobile Pay app to make the payment. If the payment amount is Rs 10,000 or more, then you will have to opt for PayLater EMI. After this, a period of 3, 6 or 9 months has to be selected for EMI and after that payment has to be made.

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This first of its kind facility will benefit lakhs of customers of the bank. Now customers can buy products or services instantly by scanning the merchant QR code at the store and paying in EMIs.

According to ICICI Bank, the Boy Now Pay Later facility can be availed across multiple categories such as electronics, groceries, fashion apparel, travel and hotel bookings. Customers can pay for transaction amounts above ₹10,000 in easy installments over three, six or nine months. The bank has said that the EMI facility for pay-letters will soon be extended for online purchases as well.

Bijith Bhaskar, Head, Digital Channels & Partnerships, ICICI Bank said, “We at ICICI Bank are always on the lookout for new products and services to improve the convenience of our customers. We aim to provide solutions to meet the evolving credit needs of our customers. We have seen that nowadays maximum payments are done through UPI.

Customers are increasingly opting for UPI transactions through PayLater, the bank’s ‘buy now, pay later’ service. Keeping these two trends in mind, we are introducing the facility of Instant EMI for UPI payments made through Paylater.

ICICI Bank was the first bank to launch PayLater facility in 2018, which enables customers to buy small ticket size items instantly, in a completely digital and paperless manner. PayLater feature enables customers to shop online, pay bills and make payments instantly at any merchant UPI ID store.

Simple steps to avail EMI facility on PayLater

• Visit any physical store and choose your favorite product or service
• Use iMobile Pay app for payment and select the option ‘Scan any QR’.
• Opt for PayLater EMI if the transaction amount is Rs.10,000 or more.
• Choose a tenure of 3, 6 or 9 months for EMI payments.
• Now confirm the payment and the transaction will be successfully completed.

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The last date for investing in the Golden Year FD scheme was April 7, but seeing the interest of the investors in the scheme, the bank has extended it for 7 months. Now investors will be able to invest in this special FD till 31 October 2023. Being the most popular FD saving scheme among customers, the bank has extended the deadline for this FD scheme several times since the year 2020.

ICICI launched Golden Years FD for senior citizens in the year 2020. On investing in this fixed deposit scheme, the bank gives the highest rate of interest of 7.5 per cent. The bank has said that to motivate senior citizens to invest and to give more returns, the investment deadline in Golden Years FD Extend is being extended. Please tell that since September 2020, the bank has extended the deadline for investment in this FD several times.

Benefits of Golden Years FD

ICICI Bank offers 0.10 per cent to 0.50 per cent higher interest rate per annum as compared to other FDs on ICICI Bank Golden Years Fixed Deposit (ICICI Golden Years FD Scheme). The tenure of investment on Golden Years FD is 5 years to 10 years.

• An amount less than Rs 2 crore can be invested in the Golden Years Special FD.
• Investing customers can take a loan of up to 90 percent of the principal and interest earned on their FD.
• Against this FD, the investor can apply for a credit card from the bank.
• The bank offers premature withdrawal facility to the customers on this FD. If the amount of the scheme is withdrawn on or after 5 years and 1 day, then 1.00 percent penalty is applicable under March 2023.

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Now the minimum interest rate on bulk FD is 4.75 percent and the maximum interest rate is 7.25 percent. For senior citizens, the minimum interest rate on bulk FD has been increased to 4.75 per cent and the maximum rate to 7.25 per cent. There has been no change in the retail term deposit rate. The bank last changed the retail FD rate on 24 February.

Latest Interest Rates on Bulk Deposits

According to the data available on the website of ICICI Bank, if we talk about the latest rate on bulk fixed deposits i.e. FDs ranging from 2 crore to 5 crore, then the rate for 7-29 days has become 4.75 percent. 30-45 days 5.50%, 46-60 days 5.75%, 61-90 days 6%, 91-184 days 6.50%, 185-270 days 6.65% and bulk deposits from 271 days to less than 1 year But now an annual interest of 6.75 percent will be available.

7.25% interest on 1 year fixed deposit

7.25% on FDs ranging from 1 year to less than 15 months, 7.15% on FDs ranging from 15 months to 2 years, 7% interest will be available on FDs ranging from 2 years, 1 day to 3 years. 6.75 percent interest is being given on FDs ranging from 3 years 1 day to 10 years.

How much interest is being received on retail FD

Currently, ICICI Bank is offering minimum 3% and maximum 7.10% interest to the general public on retail term deposits. Minimum 3.50 percent and up to 7.50 percent interest is being offered to senior citizens.

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This FD will give you the benefit of returns along with tax saving. Under this, you can claim exemption under Section 80C of the Income Tax Act, 1961. Tax benefits on fixed deposits are given on a lock-in period of five years. Under this, you can save tax up to Rs 1.5 lakh. Up to Rs 1.5 lakh can be saved by investing in it during every financial year. Here is information about some banks, which will give you higher interest.

How long to invest to save tax

If you are planning to invest in this financial year to save tax, then you will have to invest by March 31, because the new financial year will start from April 1. In such a situation, you should not wait for the last moment to save tax.

These banks are giving more interest on tax saving FD 

• 7% interest on Axis Bank five year FD
• Bandhan Bank is giving 5.85 percent interest.
• Bank of Baroda is giving 6.5% interest on tax saving FD
• Canara Bank will give 6.5% interest on tax saving FD
• Central Bank of India will give 6.25% interest on tax saving FD.
• DCB Bank is giving 7.6 percent interest.
• Federal Bank will give 6.6 percent interest.
• HDFC Bank will give 7% interest on tax saving FD.
• ICICI Bank will also give 7% interest on tax saving FD.
• Punjab National Bank will give 6.5 percent interest.
• State Bank will give 6.5 percent interest.
• Yes Bank is giving 7% interest.

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Giving information to the customers, SBI Cards and Payment Services has told that it will affect the customers using SBI Credit Card. The bank has increased the card fee. This amendment will be applicable from 17 March 2023.

Information about this has been given by sending messages and mails from SBI Card. SBI Cards has told that users paying their fare through credit card will now be charged Rs 199 plus other applicable taxes.

Let us tell you that in November 2022, SBI Card had increased the payment fee in credit card fare to Rs 99 plus 18% GST, but instead of Rs 99 plus applicable taxes, now Rs 199 plus tax will be charged from them. Customers were informed about this. Giving information to the customers, the company has told that the new rates will be implemented soon.

SBI Card has told that it is increasing the processing fee in the payment of rent. The charges on SBI Credit Card rental payment transactions are being revised. Let us tell you that before this ICICI Bank, HDFC Bank and Kotak Bank have also increased.

Let us tell you that from February 15, 2023, Kotak Bank has collected 1 percent of the transaction amount and GST charge. At the same time, Bank of Baroda has also charged a transaction fee of 1 percent. HDFC Bank has also changed the rewards points. ICICI Bank has also changed the rates from 20 October 2022.

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All banks have different limits, let ustell you that this limit is different for all bank customers. All bank customers including SBI, ICICI Bank and HDFC get different limits, through which you can transact money.

Let’s check which bank’s UPI Limit-
>> If you are an SBI customer, you can do a transaction of Rs 1 lakh through UPI in a day.
>> HDFC Bank customers can also do transactions up to Rs 1 lakh, but for new customers this limit is only Rs 5000.
>> ICICI Bank customers can do UPI transactions up to Rs 10,000, but for Google Pay users this limit is Rs 25,000.
>> Bank of Baroda customers can do transactions up to Rs 25,000.
>> Apart from this, Axis Bank customers can do transactions up to Rs 1 lakh.

RBI is making this plan, let us tell you that now RBI is making a new plan regarding UPI payment. The National Payment Corporation of India (NPCI) is preparing to limit the volume cap of the country’s Third Party App Providers (TPAP) to 30 percent. Talks are going on with the Reserve Bank of India in this regard. Only after the approval of RBI, companies like Phone Pay, Google Pay and Paytm will be able to fix its limit, due to which customers may have to face problems in the beginning. Although how much limit will be imposed on this, it is not yet decided.

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According to the information available on the bank’s website, the change in interest rate for retail FDs is applicable from February 24, while the interest for bulk deposits has been increased from February 27. Let us know in detail about the latest interest rates.

The minimum interest rate is now 3 percent

For retail term deposits of less than Rs 2 crore, the minimum interest rate is 3 per cent and the maximum interest rate is 7.10 per cent. The minimum interest rate for senior citizens is 3.50 percent and the maximum interest rate is 7.60 percent. 7 to 29 days FD interest 3%, 30-45 days FD interest 3.50%, 46-60 days FD 4.25%, 61-90 days FD 4.50%, 91-184 days FD 4.75 percent,

7% interest is available on tax saving FD

5.75 per cent is being given on FDs of 185-270 days, 6 per cent interest on FDs ranging from 271 days to less than 365 days. 6.70% interest is being received on FDs from 1 year to less than 15 months, 7.10% from 15 months to 2 years, 7% interest is being received on FDs from 2 years, 1 day to 5 years. 6.90 percent interest is being received on FDs ranging from 5 years 1 day to 10 years. 7% interest is being received on tax saving FDs of more than 5 years, whose limit is Rs 1.5 lakh.

Up to 7.60 percent interest to senior citizens

The minimum interest rate for senior citizens is 3.50 percent and the maximum interest rate is 7.60 percent. For bulk deposits of more than 2 crores and less than 5 crores, the minimum interest rate is 4.75 percent and the maximum interest rate is 7.15 percent. The minimum interest rate for senior citizens in this category is 4.75 percent and the maximum interest rate is 7.15 percent.

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In order to control the inflation rate, the country’s central bank (RBI) has increased the repo rate six times, due to which the interest rates of bank FDs increased several times. Due to the rapidly increased Fixed Deposit interest rates, some banks are giving good interest to the investors. At the same time, investors are being given more interest than before on Tax Saving Fixed Deposit.

Here is information about tax saving fixed deposits of SBI, HDFC Bank, ICICI Bank and other banks. By comparing these interest, you can know which bank will give you more profit with tax saving. However, before that let us know about tax saving FD.

What is tax saving fixed deposit 

Under tax saving FD, along with a fixed return, the benefit of tax exemption is also given. Under this, exemption can be claimed under Section 80C of the Income Tax Act 1961.

Tax Saving Fixed Deposit Features 

• Under this FD, an account can be opened on investment ranging from Rs 100 to Rs 1.5 lakh.
• The lock in period is for five years.
• This FD gives interest on monthly or quarterly basis.
• Tax will be applicable on the interest earned.
• The rule of premature withdrawal is not applicable in this.
• There will be an option of joint account in tax saving FD scheme.

Which bank is giving more interest on tax saving FD 

SBI Bank is paying 6.50% interest on tax saving FD. On the other hand, HDFC Bank 7%, ICICI Bank 7%, Axis Bank 7%, IndusInd Bank 7.25% and DCB Bank 7.60% are paying interest on five-year tax saving FD.

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This amendment will be applicable from 17 March 2023. Information given by sending mail Information about this has been given by sending message and mail from SBI Card. SBI Cards has told that users paying their fare through credit card will now be charged Rs 199 plus other applicable taxes.

Revised rates will be applicable

Let us tell you that in November 2022, SBI Card had increased the payment fee in credit card fare to Rs 99 plus 18% GST, but instead of Rs 99 plus applicable taxes, now Rs 199 plus tax will be charged from them. Customers were informed about this. Giving information to the customers, the company has told that the new rates will be implemented soon.

Many banks have already increased

SBI Card has told that it is increasing the processing fee in the payment of rent. The charges on SBI Credit Card rental payment transactions are being revised. Let us tell you that before this ICICI Bank, HDFC Bank and Kotak Bank have also increased.

Let us tell you that from February 15, 2023, Kotak Bank has collected 1 percent of the transaction amount and GST charge. At the same time, Bank of Baroda has also charged a transaction fee of 1 percent. HDFC Bank has also changed the rewards points. ICICI Bank has also changed the rates from 20 October 2022.

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These changes in SBI will be effective from March 15, 2023. Earlier, SBI Card had increased the processing fee on rent payment for credit card users to Rs 99 + taxes in November 2022.

Other banks are also charging

ICICI Bank is charging a processing fee of 1% of the rent from its credit card holders. The processing fees have come into effect from October 20, 2022. HDFC Bank has limited the reward points to 500 on rent payment through credit. 1% of the transaction amount + taxes applicable from the second rental payment of the month.

Bank of Baroda is also charging 1% fee on rent payments through credit card from February 1, 2023. From March 3, 2023, credit card holders of IDFC First Bank will have to pay 1% charge on rent payments through credit cards. Kotak Mahindra Bank has started charging 1% of the transaction amount + tax from February 15, 2023, subject to certain conditions.

Apart from credit card companies, third-party platforms also charge.
Many tenants enter the landlord’s bank account details or UPI address in the recipient’s option on platforms like Paytm, Cred, NoBroker, PayZap, Red Giraffe, Mobikwik, PhonePe and credit Used to pay by card. However, these third-party platforms charge a convenience fee for making rent payments through credit cards.

Mobikwik- 2.36% extra charge for rent payment by credit card PhonePe- 2% extra charge for rent payment by credit card Paytm- 1.75% extra charge for rent payment by credit card

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The most important thing is to maintain minimum balance. Every bank has different minimum balance limit, which customers have to maintain. If the minimum balance is not maintained according to the variant of a customer’s account, then the bank charges a penalty from him.

State Bank of India (SBI Minimum Balance Rules) has fixed the rule of minimum balance in its accounts according to the region. For rural areas, this limit is Rs 1,000. Semi-urban area customers will have to keep Rs 2,000 in their account. Whereas, in Metro City this limit is 3 thousand rupees.

Minimum balance rules for HDFC Bank account holders

The average minimum balance limit in HDFC Bank also depends on the residency. This limit is Rs 10,000 in cities, Rs 5,000 in semi-urban areas and Rs 2,500 in rural areas.

Minimum balance rules for ICICI Bank account holders
ICICI Bank has fixed the rule of minimum balance in its accounts according to the region. There is a limit of Rs 10,000 for urban areas, Rs 5,000 for semi-urban areas and Rs 2,500 for rural areas.

Boards of banks can remove fine from those who do not keep minimum balance.

At present, you have to pay fine for not keeping minimum balance in the bank account. But if everything goes well in the coming time, there will be no need to maintain minimum balance in the bank account. In fact, Minister of State for Finance Bhagwat Kishanrao Karad had recently said that the Board of Directors of banks can decide to abolish the penalty on accounts that do not maintain minimum balance. In response to a question, Karad had said in Srinagar, “Banks are independent bodies. Their board of directors can decide to waive the fine.

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The bank is paying interest ranging from 4.50 per cent to 7.15 per cent on FDs ranging from 7 days to 10 years. The bank is offering the highest interest of 7.15 per cent on FDs of 15 months. Let’s know the latest rate..

Interest rates on ICICI Bank’s bulk FD ..

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

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

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

46 days to 60 days: For general public – 5.50 per cent; For Senior Citizen – 5.50 percent

61 days to 90 days: For general public – 5.75 per cent; For senior citizens – 5.75 percent

91 days to 120 days: For general public – 6.25 per cent; For Senior Citizen – 6.25 percent

121 days to 150 days: For general public – 6.25 per cent; For Senior Citizen – 6.25 percent

151 days to 184 days: For general public – 6.25 per cent; For Senior Citizen – 6.25 percent

211 days to 270 days: For general public – 6.50 per cent; For Senior Citizen – 6.50 percent

271 days to 289 days: For general public – 6.65 per cent; For Senior Citizen – 6.65 percent

1 year to 389 days: For general public – 7.10 per cent; For Senior Citizen – 7.10 percent

390 days to less than 15 months: For general public – 7.10 per cent; For Senior Citizen – 7.10 percent

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

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

3 years 1 day to 5 years: For general public – 6.75 per cent; For Senior Citizen – 6.75 percent

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Yes, an order has been given by Union Finance Minister Nirmala Sitharaman to simplify the banking system. It was said on behalf of the Finance Minister that banks should make banking operations simple according to the needs of the customers.

With this, more and more customers will be able to connect with them. The Finance Minister suggested in the meeting The Union Finance Minister said last days that banks should pay attention to the facilities of the customers. This will make the process easier for the borrowers.

On behalf of the Finance Minister, it was also told to the banks that the standards of giving loans should be correct. This suggestion was made a few days ago in a meeting between industry representatives and the Finance Minister.

During this, Nirmala Sitharaman asked all the big banks to implement it. Following this suggestion given by the Finance Minister will benefit the customers of all banks including ICICI Bank, SBI and HDFC Bank. The Finance Minister also said that there is a need to make the banking system more and more customer friendly. You have to take care of the facilities of the customers.

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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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Because the transfer process of this account has been made even easier. For this, you have to first give a Sukanya Yojana transfer request to your current bank or post office by entering the address of the new bank branch. Balance in Sukanya Accounts and for account transfer will send the certified copy of the existing bank or post office account, account opening application, signature etc. along with original paperwork to the new bank branch address along with a check or money order

As per the ICICI Bank website, after receiving the transfer documents at the ICICI Bank branch, the customer needs to submit a new Sukanya account opening form along with a fresh set of KYC documents. After this your Sukanya account will be transferred. Under the new process, now the account holder will not have to worry.

So much interest is being received in Sukanya Yojana

The government has increased the interest rates of some small savings schemes for the January-March 2023 quarter. However, there has been no increase in the interest rates of PPF and Sukanya Samriddhi Yojana for this quarter. So far 7.6 percent interest is being given on Sukanya Yojana. The process of transferring the account of Sukanya Yojana has become very easy and simple.

Explain that Sukanya Samriddhi Yojana (SSY) is being run especially to benefit girls. This scheme helps parents to secure their girl child’s higher education or marriage as well as her financial future, as it provides guaranteed interest income and tax exemption.

Documents required to open Sukanya account

• Sukanya account opening form.
• Birth certificate of the girl child, on which the name of the child is mentioned.
• Photograph of the parent/legal guardian of the girl child.
• KYC documents (identity and address proof) of the parent/guardian.

Benefits of Sukanya Yojana

1. The age of daughters should not be more than 10 years at the time of opening the account.
2. Account maturity period is up to 21 years from the date of opening of the account.
3. Maximum period for which deposits can be made – 14 years from the date of opening of the account.
4. Applicable under section 80C of the IT Act 1961. Triple Tax Benefit – The principal amount, the interest earned as well as the maturity amount are tax free.
5. The account can be closed in the event of the death of the depositor or in situations involving strong compassionate justification such as the need for medical care for life-threatening conditions.
6. A fine of Rs 50 per year will have to be paid along with the minimum amount per year.
7. After the age of 18 years, up to 50% of the amount in the account can be withdrawn for the purpose of marriage. The rest of the money can be withdrawn on completion of 21 years.

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January 7, 2023. According to the new rates, 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

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 per cent
1 year to less than 15 months – 7.10 percent
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 below Rs 2 crore 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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Reserve Bank of India KYC Rules: Reserve Bank of India (RBI) has issued a new order for banks regarding KYC. It was told by RBI that if you have done KYC once, then you do not need to go to the branch again to get re-KYC done. It was said on behalf of the central bank that in such a situation self-declaration made by the customer would be sufficient. Similarly, the address etc. of the account holder can also be updated.

Bank will verify within two months

Banks have been told by the RBI that it is not necessary for the customer to visit the bank for re-KYC of the customer. It was said in the order that in this situation the facility of KYC should be provided to the account holder through email-id, registered mobile number, ATM, digital channel. On behalf of RBI, it was said that if there is a change in the address, then the customer can submit his updated address to the bank through any medium. Within two months of this, the address declared by the bank will be verified.

In some cases, the KYC process has to be started again.

The Reserve Bank further said that since banks are required to update their records from time to time. Therefore, in some cases, the KYC process may have to be started again. This happens only in cases where the list of documents is not available or the validity of the documents required for KYC has expired. In such cases the bank needs to obtain the KYC documents produced by the customer.

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Yes, an order has been given by Union Finance Minister Nirmala Sitharaman to simplify the banking system. It was said on behalf of the Finance Minister that banks should make banking operations simple according to the needs of the customers.

With this, more and more customers will be able to connect with them. The Finance Minister suggested in the meeting The Union Finance Minister said last days that banks should pay attention to the facilities of the customers. This will make the process easier for the borrowers.

On behalf of the Finance Minister, it was also told to the banks that the standards of giving loans should be correct. This suggestion was made a few days ago in a meeting between industry representatives and the Finance Minister.

During this, Nirmala Sitharaman asked all the big banks to implement it. Following this suggestion given by the Finance Minister will benefit the customers of all banks including ICICI Bank, SBI and HDFC Bank. The Finance Minister also said that there is a need to make the banking system more and more customer friendly. You have to take care of the facilities of the customers.

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If you are thinking of withdrawing before maturity, then you must keep in mind the penalty of the bank on this. Let us know how much will be charged for doing this work in big banks of the country like SBI, PNB, HDFC Bank and ICICI Bank.

State Bank of India (SBI)

According to the SBI website, for term deposits up to Rs 5 lakh, the penalty for premature withdrawal will be 0.50 per cent. At the same time, in FDs with an amount of more than Rs 5 lakh, the penalty for premature withdrawal will be 1 percent. For the period for which the deposit is deposited with the bank, the rate of interest will be 0.0 percent or 1 percent less than the effective rate at the time of deposit. Whichever is less will apply.

Punjab National Bank (PNB)

According to PNB’s website, one percent penalty interest will be charged at the time of premature withdrawal in FD. This will be applicable for all tenures and interest rates.

HDFC Bank

According to the HDFC Bank website, for such premature withdrawals, which include sweep-in and partial withdrawals, the bank will charge a penalty at the rate of one per cent on the applicable rate. However, there will be no penalty for premature withdrawal in FDs for a period of 7 to 14 days.

ICICI Bank

Apart from this, interest will be charged at the rate at which the deposit is deposited with the bank as well as the deducted rate of deposit in ICICI Bank. Whichever is less will apply. A penalty of 0.50 per cent will be charged on maturity of less than one year and amount less than five crore rupees. For a period of one year to five years or more, there will be a penalty of one per cent.

Public sector Bank of Baroda (BOB) has increased interest rates on retail term deposits of various durations by up to 0.65 per cent. The bank said in a statement on Monday that now the customer will get 6.75 per cent interest on deposits with a tenure of 1 year.

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Senior citizens get higher interest in fixed deposits as compared to other investors. Here we have compared the interest rates offered to senior citizens by big banks like State Bank of India (SBI), HDFC Bank, Canara Bank and ICICI Bank and Punjab National Bank (PNB). Let us know in which bank you will get the highest return on deposit.

HDFC Bank

HDFC Bank has increased the interest rate on FDs of less than Rs 2 crore. Now senior citizens will get 3.50% to 7.50% interest on FDs of 7 days to 10 years. At the same time, the bank is offering the highest interest rate of 7.75 per cent to senior citizens. According to the official website of the bank, the new rates are effective from December 14, 2022. Common investors will get up to 7% interest on FDs ranging from 5 years 1 day to 10 years. On the other hand, if you are a senior citizen then you will be given 7.75% return.

State Bank of India (SBI)

The country’s largest public sector bank SBI has increased the interest rates on FDs of less than Rs 2 crore by 65 basis points. The new rates have come into effect from December 23. After the hike, senior citizens will get 3.50% to 7.25% interest for a period of 7 days to 10 years. The bank has increased the interest rate on deposits from 211 days to less than one year from 5.50 percent to 5.75 percent. There itself. Senior citizens will get 6.25 percent interest on this.

• FDs of 1 year to less than 2 years will now fetch 6.75 per cent interest, while senior citizens will get 7.25 per cent interest on it.
• Senior citizens will now get 7.25 per cent interest as against 6.75 per cent on FDs of 2 years to less than 3 years.
• Senior citizens will now get 6.75% interest on FDs for a period ranging from 3 years to less than 5 years.
• Apart from this, up to 7.25 percent interest will be available for a period ranging from 5 years to 10 years.

Punjab National Bank (PNB)

According to the bank’s website, senior citizens will be given 50 basis points more interest on any FD than general depositors. The bank is offering interest rates ranging from 4% to 7.75% for senior citizens on FDs below Rs 2 crore for tenures ranging from 7 days to 10 years.

ICICI Bank

ICICI Bank has increased interest rates by up to 60 basis points on FDs up to Rs 2 crore. The increased FD rates are applicable from December 16, 2022. After the hike, the interest rate offered by the bank ranges from 3.5% to 7.50% for tenures ranging from 7 days to 10 years. If you do FD for a period ranging from 5 years 1 day to 10 years, then you will get 6.90 percent return. At the same time, senior citizens will get 7.50 percent interest on it.

Canara Bank

Public Sector Bank, Canara Bank has increased the interest rates on FDs of less than Rs 2 crore. According to the official website of the bank, the new rates are applicable from December 19, 2022. The bank is offering senior citizens an interest rate of 3.25% to 7.50% on FDs maturing in 7 days to 10 years.

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As a result, interest rates on fixed deposits have gone up in the last few months. Fixed Deposits (FDs) are often the preferred investment option for senior citizens. All top lenders including State Bank of India (SBI), ICICI Bank, HDFC Bank, Yes Bank, Kotak Mahindra Bank and others offer under 50 basis points (bps) higher interest to senior citizens than general customers.

The Reserve Bank of India (RBI) has increased the repo rate by 225 bps from May 2022. As a result, interest rates on fixed deposits have gone up in the last few months.

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The bank has increased the rates of MCLR. The new rates of the bank have come into effect from December 1.

How much have the rates increased?

ICICI Bank has increased the MCLR rates by 10 basis points. After this decision of the bank, all types of loans will become expensive. Apart from this, PNB has increased by 0.05 percent. Bank of India has increased up to 0.25 percent.

What happened to the rates of ICICI Bank?

Overnight and one month rate of private sector ICICI Bank has increased from 8.05 per cent to 8.15 per cent. Apart from this, the rate for 3 months has increased from 8.10 percent to 8.20 percent. If we talk about the rates for 6 months, then they have increased from 8.35 percent to 8.40 percent.

New rates of PNB

Talking about the rates of Punjab National Bank, the overnight rate has increased from 7.40 percent to 7.45 percent. At the same time, the one-month rate has increased from 7.45 percent to 7.50 percent. If we talk about the rate of 3 months, then it has also increased from 7.55 percent to 7.60 percent. Talking about the rates for 6 months, it is 7.80 percent and the rate for one year is 8.10 percent.

Bank of India’s new rates

Bank of India’s overnight rates have increased from 7.05 percent to 7.30 percent. At the same time, the one-month rate has increased from 7.40 percent to 7.65 percent. Apart from this, if we talk about the rate of 3 months, it has increased from 7.45 percent to 7.70 percent. If we talk about the rate of 6 months, then the rate of one year has become 7.90 percent and 8.15 percent.

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SBI, HDFC Bank, PNB, ICICI Bank have released the locker fee. SBI has proposed to increase the fee for extra large size lockers from Rs 9,000 to Rs 12,000. Similarly, other banks have also increased the locker charges. Due to which now customers will have to pay more money for using bank locker.

The bank allows customers to keep valuables such as property documents, jewellery, loan documents, savings bonds, insurance policies and other confidential items in a safe. In return for providing the locker facility, the bank charges the customers an annual rent based on the size of the locker and the location of the bank branch. A copy of the agreement governing the use of the locker is given to the hirer at the time of handing over the locker. As per the rules, the customer has to pay the rent in full before the beginning of the financial year.

SBI locker charges

According to the SBI Bank website, bank locker fees range from Rs 500 to Rs 3,000 depending on the area and the size of the locker. In metro and metropolitan areas, the bank charges Rs 2,000, Rs 4,000, Rs 8,000 and Rs 12,000 for small, medium, large and extra large size lockers. In semi-urban and rural locations, the bank charges Rs 1,500, Rs 3,000, Rs 6,000 and Rs 9,000 for small, medium, large and extra large size lockers.

HDFC bank locker charges

HDFC Bank locker fees can range from Rs 3,000 to Rs 20,000 per annum depending on the size, availability and location of the locker. In metro and urban locations, this is usually an annual fee of Rs 3,000 for small lockers, Rs 5,000 for medium-sized lockers and Rs 10,000 for large lockers.

ICICI Bank Locker Fee

ICICI Bank charges between Rs 1,200 to Rs 5,000 for a small size locker and between Rs 10,000 to Rs 22,000 for an extra large locker. Keep in mind that GST is not included in these charges.

PNB bank locker charge

The annual locker rent in PNB bank varies in rural and semi-urban areas. The bank charges Rs 1250 to Rs 2000 to Rs 10,000 for urban and metro areas.

Axis and Canara Bank Locker Charges

The fee for locker registration in Axis Bank is Rs.1000 + GST. Free locker visits are limited to three per calendar month. Whereas, for Canara Bank customers, the one-time locker registration fee is Rs 400 plus GST.

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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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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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1.83 lakh interest on 5 lakh deposit

According to the FD calculator, if you deposit a lump sum deposit of Rs 5 lakh in SBI for 5 years, then on maturity you will get Rs 6,57,033. In this, interest of Rs 1,57,033 will be earned. On the other hand, if you are a senior citizen, then on an FD of Rs 5 lakh, you will get Rs 6,83,450 on maturity. In this, there will be an income of Rs 1,83,450 from interest.

SBI Wecare Deposit for Senior Citizen

SBI is running SBI Wecare Scheme for Senior Citizens in Retail Term Deposit / Fixed Deposit. In this scheme, in addition to 0.50 percent, 0.30 percent ie 0.80 percent more interest is being offered to all senior citizens on FDs with tenure of 5 years or more. The bank has extended this scheme till 30 September 2022.

Interest rates of banks

Apart from SBI, Punjab National Bank (PNB) is offering 5.25 per cent annual interest to common customers and 5.75 per cent per annum to senior citizens on its 5-year tax saver FDs. At the same time, HDFC Bank is paying 5.45 percent annual interest to the common customer and 5.95 percent to the senior citizens for FDs above 5 years. Apart from this, if we talk about the tax saver FD of ICICI Bank of the private sector, it is paying 5.45 percent annual interest to common customers and 5.95 percent to senior citizens.

Tax saving on FD up to 1.5 lakhs

Fixed Deposit / Term Deposit of banks is considered safe. This is a good option for risk-averse investors. Tax benefit of tax exemption is available in section 80C on 5 years tax saving FD. You can save tax up to Rs 1.5 lakh in banks. It has a lock-in period of 5 years. However, keep in mind that the return on maturity of the tax saving FD is taxable.

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According to the bank’s website, the new rates have become effective from November 19, 2022. After the revision, the bank is now offering interest rates between 3.75% and 6.50% on FDs with maturities ranging from 7 days to 10 years. At the same time, a maximum interest rate of 6.75% will now be paid on deposits maturing in 1 to 3 years.

ICICI Bank FD Rates

ICICI Bank is offering an interest rate of 3.75% on FDs maturing in 7 days to 29 days, while the bank is offering an interest rate of 4.75% on FDs maturing in 30 days to 45 days. At the same time, ICICI Bank is providing 5% interest on FDs maturing in 46 days to 60 days and the interest of deposits maturing in 61 days to 90 days is 5.25%.

Deposits maturing in 91 and 184 days will now fetch 5.75% interest, while deposits maturing between 185 and 270 days will now fetch 6.00% interest. ICICI Bank is offering 6.25% interest rate on FDs maturing in 271 days to less than 1 year and FDs maturing in 1 year to 3 years will now get 6.75% interest.

ICICI Bank is currently offering an interest rate of 6.50% on deposits maturing in 3 years 1 day to 10 years.

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If you use the credit card of State Bank of India, then there is big news for you. Now the processing fee has been increased on some credit card transactions done through credit card. According to the new update of SBI Cards, now the credit card rent payment transaction and merchant EMI transaction will attract higher processing fee. These new charges have come into effect from November 15, 2022. SBI Cards has also sent SMS regarding this to its customers.

According to the SBI Card website, “From November 15, 2022, all rent payment transactions will be charged a processing fee of Rs 99 + applicable taxes.” Also, “From November 15, 2022, all merchant EMI transactions will be charged a processing fee of Rs 199 + applicable taxes of Rs 99 + applicable taxes.” That is, if you are paying the rent with a credit card, then a processing fee of Rs 99 and GST at the rate of 18% will be levied on it.

ICICI Bank had also increased the processing fee

Last month, ICICI Bank had also increased processing by 1% on credit card rent payments. From October 22, this new fee was implemented for the bank’s credit card holders.

Apart from this, SBI Cards has issued another notice for its cardholders, according to which the reward points for shopping on Amazon are also going to be cut. 10X reward points for shopping on e-commerce sites with SimplyCLICK/SimplyCLICK Advantage SBI Card will become 5X points from January, 2023. You will continue to get 10X reward points for shopping at Apollo 24X7, BookMyShow, Cleartrip, EazyDiner, Lenskart & Netmeds.

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After this, now this bank has completely gone into private hands. This block deal of Axis Bank through OFS has happened on 10 and 11 November. Soon after this, Axis Bank has given good news to its customers by increasing the interest rate.

FD interest rate increased for the second time in November

Bank has increased the interest rates on FD for the second time in the month of November. The new interest rates available on Axis Bank’s FD (Fixed Deposit Rate) have become effective from 15 November. Earlier, Axis Bank had increased the rate of FD on 5th November. This increase in interest rate has been done by Axis Bank on FDs of less than Rs 2 crore.

50 basis points more interest to senior citizens

Axis Bank is paying 6.40 percent interest rate on FDs maturing in 15 to 18 months and 6.50 percent interest on FDs maturing in 18 to 3 years. It was informed by Axis Bank that senior citizens will get 50 basis points additional interest. Earlier RBL Bank, CSB Bank, Kotak Mahindra Bank, Canara Bank, Indian Overseas Bank etc. have also increased the interest rate.

ICICI Bank also gave good news , apart from this, ICICI Bank has also increased the interest of 30 basis points on FDs up to Rs 2 crore. The new interest rates have been implemented by the bank from 16th November. 6.60 percent interest is being offered by the bank on FDs with different tenures ranging from 7 days to 10 years. Earlier, ICICI Bank had increased the interest rate by 50 basis points on 29 October.

After the current change, ICICI Bank (ICICI Bank) has increased the interest on FDs of 15 to 18 months from 6.10 percent to 6.40 percent. On FDs of 18 months to 24 months, only 6.40 percent interest will be available. Earlier it was 6.15 percent. The minimum interest rate from the bank is currently 3.50 percent and the maximum interest rate for senior citizens is 7.10 percent.

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Where on the one hand government and private sector banks across the country are increasing the interest rates of their loans. On the other hand, he is also continuously increasing his Bank Deposit Schemes. Recently many banks have decided to increase the interest rate in their Recurring Deposit Schemes.

These banks are State Bank of India, HDFC Bank and ICICI Bank. All these banks have increased their RD rates. In such a situation, customers are getting a tremendous return of 6.20% on FDs up to 2 years. Let us know about the interest rate offered by different banks on RD scheme-

State Bank of India RD Rates

SBI (SBI RD Rates) has increased the interest rates of its RD scheme on 22 October. The bank has taken this decision after the decision of RBI to increase the repo rate. The bank is now offering interest rates ranging from 6.10% to 6.25% on RD schemes of 1 to 10 years. SBI is offering 6.10% interest rate on 1 to 2 year FD scheme, 6.25% on 2 to 3 year RD scheme, 6.10% on 3 to 5 year scheme and 6.10% on 5 to 10 year scheme. .

HDFC Bank RD Rates

Large private sector bank HDFC Bank has decided to increase its RD rates every period. The bank is getting 4.50% interest rate on 6 months RD, 5.25% on 9 months RD, 6.10% on 12 months RD, 6.15% on 15 months to 24 months RD. On the other hand, if you are getting 6.20% interest rate on RD of 90 to 120 months in the bank. The new rates of the bank have been implemented from 26 October 2022.

ICICI Bank RD Rates

ICICI Bank is offering its customers interest rates ranging from 4.25% to 6.20% on RD schemes of 6 months to 10 years. These new rates have come into effect from 18 October 2022. Banks offer RD schemes for more than 6 months on a multiple of 3 months. In this case, the maximum interest rate you can get is 6.20%.

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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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The banks which have increased the interest rates on FD so far include State Bank of India (SBI), Bank of Baroda (BOB), HDFC Bank, ICICI Bank, Bank of India, Canara Bank, Union Bank of India, IDFC First Bank. Here we are telling you about 4 banks which are giving more than 7 percent interest.

Bank Of Baroda FD Rates

Bank of Baroda (BOB) has launched “Baroda Tiranga Plus Deposit Scheme” with interest rates of 7.50% p.a. for 399 days with effect from 1st November 2022. It also includes an additional interest of 0.50% p.a. and 0.25% interest for senior citizens. Bank of Baroda 399 days Tiranga Plus deposit scheme is getting interest rate of 6.75% for general public, 7.25% for senior citizens. General public, NRE/NRO depositors will get an interest rate of 7% and senior citizens will get an interest rate of 7.50%.

FD rates of Bank of India

Bank of India (BOI) has come up with FD with higher interest rate. BoI has come up with ‘Star Super Triple Seven Fixed Deposit’. In this newly launched scheme, customers are being given interest up to 7.25% for general public and 7.75% for senior citizens on deposits for 777 days.

Union Bank Of India FD Rates

Union Bank of India offers 3% to 7% interest on FDs with maturities ranging from 7 days to 10 years. 7% interest is available on FDs maturing in 599 days.

Canara Bank FD Rates

Canara Bank has launched a special FD scheme of 666 days. According to this scheme, the bank is offering an interest rate of 7% to its general customers. Canara Bank is offering 7.5% interest on deposits to senior citizens.

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