Whenever it comes to investing money, most people think of FD. Most people prefer to invest their money in FD because the money invested in FD is safe. The return received is also already fixed. If you also resort to bank FD to invest your money, then you must know about the interest rates of FD of different banks.

Today we are going to tell you about the new interest rates of FD of HDFC Bank, one of the largest private banks in the country. Actually, HDFC Bank’s special edition FD has been closed on March 31, in which the bank was giving returns to its customers at a very good interest rate. At the same time, the new year has also started from April 1. In such a situation, the bank has implemented new interest rates on its FD. Let us know the interest rates of HDFC Bank’s FD.

HDFC Bank FD

HDFC Bank offers FDs to its customers at very attractive interest rates. In HDFC Bank, general citizens get returns at the interest rate of 3 percent to 7.25 percent. Whereas senior citizens get returns at the interest rate of 3.5 percent to 7.75 percent.

HDFC Bank FD Interest Rates

If you invest in HDFC Bank for a period of 7 days, you will get a return of 3 percent. On the other hand, FDs with a period of up to 1 year will get a return of 6 percent. Apart from this, HDFC Bank offers a return of 7.10 percent on FDs of 15 months to 18 months. Talking about FDs with a period of 5 to 10 years, you can get a return of 7 percent by investing in it. For senior citizens, these interest rates are 0.50 percent higher.

Related Articles:-

Bank Rules: RBI issues new circular on bank guarantee while taking loan, know all the important things

Post Office’s invest in this scheme, You will get fixed interest of ₹ 5550 every month

Bank holidays: There will be 2 holidays in a week, banks will be open for 5 days, new rules are about to come into effect ?

The post HDFC Bank has implemented new FD rates, before investing, you must know the new interest rates first appeared on Rightsofemployees.com.

If you are planning to invest in FD then this news is of your use. In October 2024, 7 banks including Shivalik Small Finance Bank, IndusInd Bank, Federal Bank, Punjab and Sindh Bank, Bank of Baroda and Punjab National Bank revised their FD interest rates.

Shivalik Small Finance

Bank had changed the interest rates on 24 October. The bank is giving 3.5% to 8.3% interest to customers on FDs, while senior citizens are getting 4% to 8.8% interest. The highest interest is being given on FDs of 18 months to 24 months duration, which is 8.30% for general customers and 8.80% for senior citizens.

Indusind

Bank had changed the interest rates on 7 October. The bank is giving interest ranging from 3.5% to 7.75% on FDs to general customers while senior citizens are getting interest ranging from 4% to 8.25%. The highest interest is being given on FDs with tenure of 1 year to 2 years.

IDFC First Bank

New rates of IDFC First Bank are applicable from 16 October. The bank is offering interest ranging from 3% to 7.75% to its customers. The highest interest rate of 7.75% is being given by the bank on fixed deposits of 400 to 500 days duration.

Federal Bank

Federal Bank’s new FD rates are effective from October 16. The bank is offering interest rates ranging from 3% to 7.4% to its customers. The highest interest rate of 7.40% is being offered on FDs with a duration of 777 days.

Bank of Baroda

Bank of Baroda’s new FD rates are effective from October 14. The bank is giving interest ranging from 4.25 percent to 7.30 percent to its customers. Senior citizens are being given an extra 0.50 percent interest on FD.

Punjab National Bank

Punjab National Bank is offering FD rates ranging from 3.50% to 7.25% for tenures ranging from 7 days to 10 years for general customers. For senior citizens, the bank offers interest rates ranging from 4% to 7.75% and for super senior citizens, it offers interest rates ranging from 4.30% to 8.05%. These rates are effective from October 1, 2024.

Punjab & Sind Bank

Punjab & Sind Bank is offering FD rates ranging from 4% to 7.45% on callable deposits for tenures ranging from 7 days to 10 years for general citizens. The bank is offering the highest interest rate of 7.50% on non-callable deposits for tenures up to 555 days.

Related Articles:-

Toll plaza: No physical toll plaza on Dwarka Expressway ? NHAI launch this system

Life certificate campaign: Govt has started Digital Jeevan Pramaan Patra campaign, these people will get benefit

Bank Holidays on Chhath: Banks may remain closed for 4 consecutive days on Chhath festival, check the list of holidays

The post New FD Rates: These 7 banks changed FD rates in October, opportunity to earn up to 8.8 percent interest first appeared on Rightsofemployees.com.

According to the website of Bank of Baroda, the new FD rates have come into effect from August 13, 2024.

The bank has offered interest rates ranging from 4.25% to 7.25% on FDs for the general public. This interest rate is applicable on callable deposits of less than Rs 3 crore for a period of 7 days to 10 years. For senior citizens, the bank is offering interest rates ranging from 4.75% to 7.75%.

Baroda Advantage Fixed Deposit

Bank is offering the highest FD interest rate of 7.40 per cent for general citizens and 7.90 per cent for senior citizens for amounts less than Rs 1 crore to Rs 3 crore on non-callable deposits.

Also Read: Vande Bharat Express running across the country will be upgraded to Kavach

Interest rates on BOB FD

• 7 days to 14 days – For general public: 4.25%; For senior citizens: 4.75%
• 15 days to 45 days – For general public: 4.50%; For senior citizens: 5%
• 46 days to 90 days – For general public: 5.50%; For senior citizens: 6%
• 91 days to 180 days – For general public: 5.60%; For senior citizens: 6.10%
• 181 days to 210 days – For general public: 5.75%; For senior citizens: 6.25%
• 211 days to 270 days – For general public: 6.15%; For senior citizens: 6.65%
• 271 days and above and less than 1 year – For general public: 6.25%; For senior citizens: 6.75%
• 333 days Monsoon Dhamaka – For general public: 7.15%; For senior citizens: 7.65 %
• 360 days – For general public: 7.10%; For senior citizens: 7.60%
• 1 year – For general public: 6.85%; For senior citizens: 7.35%
• 399 days Monsoon Dhamaka – For general public: 7.25%; For senior citizens: 7.75%
• 1 year to 400 days – For general public: 6.85%; For senior citizens: 7.35%
• 400 days to 2 years – For general public: 6.85%; For senior citizens: 7.35%
• More than 2 years and up to 3 years – For general public: 7.15%; For senior citizens: 7.65%
• more than 3 years and upto 5 years – For general public: 6.50%; For senior citizens: 7.15% For
• more than 5 years and upto 10 years – For general public: 6.50%; For senior citizens: 7.50%

The post FD rate Revised: Bank of Baroda’s new FD rates became effective from August 13, 2024 first appeared on Rightsofemployees.com.

This benefit will be available to common people, senior and super senior citizens on deposits of less than Rs 2 crore. These new FD rates will be applicable from November 1st. At present, Punjab National Bank is offering the highest rate of 7.25 percent to the common people, which is available for a period of 444 days.

What are the new changes

The bank has informed that it has increased the interest rate on FD for the period of 180 to 270 days for the common people by half a percent and has increased the rates from 5.5 percent to 6 percent. Whereas for the period of more than 271 days and less than one year, FD rates have been increased by 0.45 percent and it has been increased from 5.8 percent to 6.25 percent.

According to the bank’s website, senior citizens i.e. Indian citizens above 60 years and below 80 years will get half percent extra on FD for tenure less than 5 years and 0.8 percent extra on FD for tenure more than 5 years. This increase will be applicable on domestic deposits up to a limit of less than Rs 2 crore.

On this basis, the interest rate on FD for senior citizens for a period of 180 to 270 days has increased from 6 percent to 6.5 percent. Whereas for the period of more than 271 days and less than one year, the FD rate has been increased from 6.3 percent to 6.75 percent.

Whereas for Super Senior Citizens, the interest rate on FD for period of 180 to 270 days has increased from 6.3 percent to 6.8 percent. Whereas for the period of more than 271 days and less than one year, the FD rate has been increased from 6.6 percent to 7.05 percent.

What are the interest rates of Punjab National Bank?

Punjab National Bank is currently offering FD options for a period of 7 days to 10 years in which interest ranging from 4 percent to 7.75 percent is being offered. The highest interest is available on FD of 444 days, here the investor is getting interest up to 7.75 percent.

(Disclaimer: The advice or views given on Rightsofemployees.com are the personal views of the expert, brokerage firm, the website or management is not responsible for it. Before investing, please consult your financial advisor or certified expert.)

The post PNB FD rate: You will get more interest than before on these special tenure FDs of PNB, see details here first appeared on Rightsofemployees.com.

Along with this increase, this small finance bank is offering 4% to 9.10% annual interest on FDs to the general public. For senior citizens, the rates are around 50 basis points and even higher. This bank is offering interest rates ranging from 4.5% to 9.60% on FDs to senior citizens. The new rates have also come into effect from 5 May 2023.

The post Best FD Interest Rates: This bank is giving 9.6% interest on FD, how much will you get for 1 lakh in a year? first appeared on Rightsofemployees.com.

On Thursday, December 15, Kotak Mahindra Bank has increased the interest on some of its FD schemes by 0.25 percent. The bank is currently offering a maximum interest rate of 7.50 per cent on FD.

Let us tell you that in the monetary policy meeting held on December 7, the Reserve Bank had increased the repo rate by 35 basis points to 6.25 percent. After increasing the repo rate by the Reserve Bank, almost all the banks have increased the interest rates on FDs. Banks are increasing rates to attract more and more customers. Most banks are increasing interest on loans and FDs.

Kotak Bank has increased FD rates three times in 7 days

Kotak Mahindra Bank has increased its FD rates three times in the last seven days. Before increasing FD rates by 0.25 per cent on 15 December, the bank had increased FD rates on 10 December and 14 December as well. The bank’s new rates will be applicable to FDs with an amount of less than Rs 2 crore. The bank is now paying interest at the rate of 7% on 390 days FD. These new FD rates of Kotak Bank are effective from 15 December.

New FD rates of Kotak Mahindra Bank

Bank is now offering 2.75% interest to common people and 3.25% interest to senior citizens on FDs of 7 to 14 days. At the same time, for 15-30 days, interest is being given at the rate of 3 percent to the common people and 3.50 percent to the senior citizens.

Similarly, on FD of 390 days (12 months 25 days), it is offering 7 percent interest for the general public and 7.50 percent interest for the senior citizens. On FDs ranging from 5 years to 10 years, the bank is paying 6.20 percent interest to the general public and 6.70 percent interest to senior citizens. You can check the latest FD rates for all FD schemes on the bank’s website.

The post FD Rate Increased: This bank has increased the interest rates on FD for the third time in 7 days, check details first appeared on Rightsofemployees.com.

Benefits of Post Office FD

Investing in Post Office FD gives you many benefits. The most important thing is that in this you will get government guarantee along with returns. Here you get the facility of interest on quarterly basis. Investing in an FD at the post office is very easy. You can get FD done in the post office for different tenures including 1, 2, 3 or 5 years.

Indian Post Office Department, Ministry of Communications, Government of India offers fixed deposit accounts that offer attractive interest rates with tenors ranging from 1 year to 5 years. Interest is payable annually, with a minimum deposit amount of Rs 1,000 and no maximum limit.

Post Office Fixed Deposit Rates

deposit period Post Office FD Rates (per annum)
1 year 5.50%
2 years 5.50%
3 year 5.50%
5 years 6.70%

Post Office FD Rate Interest rates are subject to change as per requirement. These interest rates are effective from 1st April 2020.

5 Year Fixed Deposit Rates for Tax Saving Post Office 

If you open a Fixed Deposit (FD Account) with the Post Office for a period of 5 years, you will be eligible to claim tax benefits under Section 80C of the Income Tax Act, 1961.

tenure Regular Post Office FD Rates (per annum)
60 months 6.70%

Post Office FD Interest Rates are subject to change as per requirement. These interest rates are effective from 1st April 2020.

Post Office Time Deposit Account 

Post Office Fixed Deposit Account (TD) account, also known as Post Office Fixed Deposit (FD) account can be opened with a minimum of Rs 1,000 in multiples of Rs 100 without any limit .

Key Features of Post Office FD Interest Rates

Highest Post Office TD Interest Rate : 6.70% per annum for 5 years tenure
Range of interest rates: 5.50% p.a. to 6.70% p.a.
Rate of interest for tenure of 1 year: 5.50% p.a.
Rate of interest for tenure of 2 years: 5.50% p.a.
Rate of interest for tenure of 3 years: 5.50% p.a.

Who Can Open a Fixed Deposit Account

Fixed Deposit Account can be opened in India Post:

a single adult
Maximum three adults (in case of joint account)
A minor who is more than 10 years of age
A guardian on behalf of a person who is a minor or a person of unsound mind

The post Post Office Issued New FD Rates : Big news! Post Office released new FD rates Today, check new rates here Immediately first appeared on Rightsofemployees.com.

The name of Fincare Small Finance Bank has also been added in the race to increase the interest rate in FD. This bank has increased the interest on all FDs less than two crores. The new interest rates have come into effect from October 11.

These are the bank’s new interest rates

Fincare Small Finance Bank has offered interest at the rate of 3% on fixed deposits maturing in 7 days to 45 days and 3.5% on FDs maturing between 46 days to 90 days. Will continue to give This bank will now pay 4.5% interest on FDs that mature between 91 and 180 days. While FDs maturing between 181 to 364 days will get 5.5% interest.

The interest on fixed deposits maturing between 12 and 24 months will be 6.75%. Interest will be 7.25% for a period of 500 days and 7.75% for a period of 1000 days. 7% interest on FD of 24 months 1 day to FD of 48 months, 6.75 percent interest on FD of 48 months 1 day to 59 months. At the same time, interest will be given at the rate of 6 percent on FDs of 66 months 1 day to 84 months.

Senior citizens have benefited a lot in terms of interest on silver FDs of senior citizens. Fincare Small Finance Bank will now offer interest rate of 0.50 percent more than the standard interest rate on FDs of all tenors to senior citizens. Senior citizens will get interest in the range of 3.50% to 8.25% on fixed deposits maturing between 7 days to 10 years. Apart from this, even if they have a joint account with the bank and the first account holder is a senior citizen, they will still get the benefit of the new interest rates.

Why the interest rate of the bank increased, tell that whenever the Reserve Bank increases or decreases the interest rates, it is passed on to all the bank customers because the interest rates on loans and other savings schemes are linked to the benchmark. Most banks offer higher interest rates to senior citizens on FDs or any other savings schemes. In September, RBI has increased the repo rate for the fourth time and with this, banks have also increased the interest rate on loans and savings schemes. In this episode, Fincare Small Finance has implemented new interest rates from October 11.

The post New FD Rates: This bank will get more interest on getting FD, new FD rates released first appeared on Rightsofemployees.com.

Benefits of Post Office FD

Investing in Post Office FD gives you many benefits. The most important thing is that in this you will get government guarantee along with returns. Here you get the facility of interest on quarterly basis. Investing in an FD at the post office is very easy. You can get FD done in the post office for different tenures including 1, 2, 3 or 5 years.

The post Post Office FD Interest Rates: Big news! Post Office released new FD rates, check new rates here instantly first appeared on Rightsofemployees.com.