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.

How much will be earned in which scheme

As we mentioned above, no change has been made in the interest rates of any small savings scheme including PPF, KVP, NSC. If you invest in PPF scheme from January 2025 to March 2025, you will get only 7.1% annual interest. Also, if you invest in Sukanya Samriddhi Yojana, you will get 8.2% annual interest, 7.5% annual interest in Kisan Vikas Patra, 4% annual interest in Post Office Savings Account, 7.7% annual interest in National Savings Certificate, 7.4% annual interest in POMIS and 8.2% annual interest in savings schemes run for senior citizens.

How much will you earn in post office time deposit

Along with other Post Office Savings Schemes, the information about the new interest rate of Post Office Time Deposit Schemes has also been given in the information issued by the Finance Ministry. From January 2025, 6.9% annual interest will be given on 1-year Post Office Time Deposit Scheme, 7.0% annual interest will be given on 2-year Post Office Time Deposit Scheme, 7.1% annual interest will be given on 3-year Post Office Time Deposit Scheme. Also, 6.7% annual interest will be offered on 5-year Post Office Recurring Deposit Scheme.

The post Govt Announced New Interest rates on PPF, KVP, SSY and other Small Savings Scheme, check all details first appeared on Rightsofemployees.com.

This deduction has been made by the bank at a time when the RBI meeting to review interest rates is scheduled next week.

Latest interest rate on FD of IndusInd Bank

From the bank, 3.5 percent on FDs from 7 days to 30 days, 3.75 percent on FDs from 31 days to 45 days, 4.25 percent on FDs from 46 days to 60 days, 4.60 percent on FDs from 61 days to 90 days Percentage, 4.75% on FDs from 91 days to 120 days, 5.00% on FDs from 121 days to 180 days, 5.85% on FDs from 181 days to 210 days, 6.10% on FDs from 211 days to 269 days, 6.35 percent interest is being given on FDs ranging from 270 days to 364 days.

The bank is giving 7.50 percent interest on FDs of one year to two years, 7.25 percent on FDs of two years one day to less than 61 months and 7.00 percent on FDs of 61 months and above.

Interest to senior citizens

An additional interest of 0.75 percent is being given by the bank to senior citizens on FDs of less than two crores on FDs of all periods.

The post IndusInd Bank FD Rate Changed: The bank has implemented new interest rates on fixed deposits, check the new rate immediately first appeared on Rightsofemployees.com.

After this increase in repo rate, apart from many private and government banks of the country, small finance banks have also increased their FD rates. In this sequence, ESAF Small Finance Bank has increased the interest rates on FDs of less than Rs 2 crore.

Highest interest will be available here

After this increase in interest rates, ESAF Small Finance Bank is giving 8.10% interest on 999 days FD to its general customers while 8.60% interest to its senior citizen customers for the same period. While the bank is giving 8% interest to its general customers and 8.50% to its senior citizen customers on FDs ranging from 2 years to less than 3 years. The increased new interest rates of the bank are applicable from 15 February.

Increased FD rates of Small Finance Bank

After this increase in the interest rate, this small finance bank is offering its customers 4% on FDs of 7 days to 14 days, 4.50% on FDs of 15 days to 59 days, 60 days to 90 days Paying 5% interest on FD and 5.25% interest on FDs of 91 days to 182 days. On the other hand, the bank is paying 6% interest on FDs of 183 days to 1 year while 7.75% interest is being given on FDs of 1 year 1 day to less than 2 years.

Apart from this, ESAF Small Finance Bank is giving 8% interest to its customers on FDs of 2 years to less than 3 years and 5.75% interest on FDs of 3 years to less than 5 years. On the other hand, this small finance bank is paying 5.25% interest on FDs of 5 years to 10 years and 8.10% on FDs of 999 days. You can start your FD with ESAF Small Finance Bank from as low as Rs.1000.

The post Bumper FD Returns! 8.60% interest is available only on FD of 999 days, new interest rates are applicable from February 15 first appeared on Rightsofemployees.com.

The Central Government on Thursday announced new interest rates for the Small Savings Scheme for the third quarter (October-December). This time the government has increased the interest rate on small savings schemes by up to 30 basis points for the quarter starting October 1. 3-year fixed deposits in post offices have been reduced to 5.8 percent from the existing 5.5 percent.

The interest rate for Senior Citizen Savings Scheme has been increased from 7.4% to 7.6%, for Kisan Vikas Patra from 6.9% to 7% and interest rates have also been increased for two and three year fixed deposits. Regarding the Kisan Vikas Patra, there has also been a change in the tenure. Now the maturity of KVP with 7 percent interest rate has been made 123 months, while the period of KVP with 6.9 percent was 124 months.

No change in NCS and PPF

However, interest rates on savings deposits, 1 year, 5 year FD, National Savings Certificate (NCS), Sukanya Samriddhi Yojana, Public Provident Fund (PPF) will continue to be the same as for the current quarter. The interest rate on National Savings Certificate is currently 6.8 percent. The interest rate on Public Provident Fund (PPF) is 7.10 percent.

Significantly, the Reserve Bank has increased the benchmark lending rate by 140 basis points since May. This has prompted banks to raise interest rates on deposits as well.

RBI policy tomorrow

Till now such an announcement was made after the monetary policy review meeting of the Reserve Bank, but this time the government has announced it a day in advance. The MPC meeting of the Reserve Bank of India, which began yesterday (September 28), will end tomorrow (Friday). Policy rates may be revised tomorrow. Most experts are predicting a further increase in lending rates. If this happens then the loan will become costlier and the EMI will increase.

The post High New Interest Rates! Increase in interest rates of small savings schemes like Senior Citizen Savings Scheme first appeared on Rightsofemployees.com.

The bank is now offering an interest rate of 3.50 per cent to 6.50 per cent on fixed deposits with maturity of 7 days to 61 months and above. Interest rates on FD for senior citizens range from 4.00 percent to 7.00 percent. Now the maximum interest rate in IndusInd Bank is on FDs of 2 years to 2 years 1 month. At the same time, the highest interest rate for senior citizens is 7.25 per cent for the same period.

Know new interest rates

The bank now has an interest rate of 3.50 percent on FDs ranging from 7 days to 30 days. Whereas, IndusInd Bank is getting interest at the rate of 4.00 percent on fixed deposits of 31 days to 45 days. On the other hand, interest will be given at the rate of 4.25 percent on FDs with a period of 46 days to 60 days. There is an interest rate of 4.50 per cent on FDs with a tenure of 61 to 120 days. Whereas, interest is being received at the rate of 4.75 per cent on FDs with maturity of 121 days and 181 days.

At the same time, 5.50 percent interest rate is now available on FDs ranging from 181 days to 269 days. At the same time, interest is being received at the rate of 5.75 percent on fixed deposits ranging from 270 days to 354 days. IndusInd Bank currently has 6.00 percent interest rate on FDs ranging from 355 days to 364 days.

Tax saving FD will also get more benefits

There is an interest rate of 6.75 per cent on FDs with a tenure of one year to less than 1 year and 6 months. Whereas, interest is being received at the rate of 7.25 percent on fixed deposits ranging from 2 years to 2 years and 1 month. On the other hand, there is an interest rate of 7.00 percent on FDs ranging from 2 years 1 month to three years. Fixed deposits maturing in less than 3 years to 61 months will get interest at the rate of 6.75 per cent. At the same time, 6.50 percent interest rate is available in FDs of 61 months or more.

On the other hand, the bank is paying interest at the rate of 6.75 per cent on Indus Tax Saver Scheme ie 5-year tax saving FD. Whereas, senior citizens will get 7.25 percent interest on this FD.

The post Good news for those investing in FD, this private bank has increased the interest rates first appeared on Rightsofemployees.com.

The Finance Ministry has announced interest rates for General Provident Fund and other Provident Funds. The Finance Ministry has not made any change in the interest rates and the same has been retained.

Releasing information in this regard, the Department of Economic Affairs of the Ministry of Finance has said that the interest rates for the October to December quarter of the financial year 2022-23 have been retained at 7.1 percent. The interest rates of other provident funds will also remain unchanged at 7.1 per cent. That is, the Finance Ministry has not made any change in the interest rates.

Apart from Provident Fund,

the Department of Economic Affairs, Ministry of Finance announces interest rates for GPF and related funds every quarter. Interest rates are also announced for CPF, AISPF, SRPF, AFPPF in these funds. GPF i.e. General Provident Fund and this is also a scheme like PPF but it is applicable only to government employees. That’s why it is named GPF. There has been no change in its interest rates for this quarter.

Know These Funds Also

CPF is also known as Contributory Provident Fund. Apart from All India Service Provident Fund or AISPF, there has been no change in interest rates on Railway Provident Fund and General Provident Fund Defense Services, Indian Ordnance Department Provident Fund. Here also the interest rate of 7.1 percent will continue to be available as before. Earlier, interest was given at the same rate for the July-September quarter of the financial year 2022-23 as well. Government employees were expecting a change or hike in interest rates during the festive season but the Finance Ministry has not made any changes.

The post Big news for government employees: Government released new interest rates of General Provident Fund, check new rate first appeared on Rightsofemployees.com.

The reason for this is that since the increase in the repo rate, debt has become expensive, but investors are getting more returns on FDs. 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.

Here are the new interest rates of the bank

Fincare Small Finance Bank will continue to offer interest @ 3% on Fixed Deposits maturing in 7 days to 45 days and 3.5% on FDs maturing between 46 days to 90 days. 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 silver

Senior citizens have benefited a lot in terms of interest on FD. 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 did the bank’s interest rate increase?

Explain 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 Good news for Senior Citizens, this bank will get the highest interest on getting FD, know what are the new FD rates first appeared on Rightsofemployees.com.

A depositor can choose the FD tenure in Axis Bank from a minimum tenure of 7 days to a maximum of 10 years. The rates on bulk FDs have also been increased from Rs 2 crore to Rs 100 crore and above.

Increase in FD of general category-

Axis Bank’s highest rate for general category on FDs below Rs 2 crore is 5.75 per cent for 1 year 11 days to 1 year 25 days, and 5 years to 10 years.

It is offering 5.70 per cent rate on FDs with tenures ranging from 2 years to less than 5 years. The FD rate from 1 year 25 days to less than 2 years is 5.60 percent. The rate is 5.45 per cent on tenure of 1 year and 11 days less than one year. Apart from this, the FD rate of 9 months to less than 1 year is 4.75 percent.

The interest rate on FDs ranging from 6 months to less than 9 months is 4.65 percent, while on FDs of 3 months to less than 6 months, the interest rate is 3.75 percent. On FDs ranging from 30 days to less than 3 months, the rate is 3.25 per cent, and the rate is 2.75 per cent on tenures of 7 days to 29 days.

FD rate for senior citizens-

On FDs below Rs 2 crore, the bank is offering the highest interest rate of 6.50 per cent on tenures of 1 year 11 days to 1 year 25 days, and 5 years to 10 years. The rate for 2 years to less than 5 years is 6.45 per cent. In addition, the rate is 6.35 per cent for tenures ranging from 1 year 25 days to less than 2 years.

Axis Bank is offering 6.20 per cent rate on FDs of less than 1 year and 11 days, while interest rate on FDs of 9 months to less than 1 year is 5 per cent.

The interest rate on FDs from 6 months to less than 9 months is 4.90 percent. Apart from this, 3.75 percent interest is being given on FDs ranging from 3 months to less than 6 months.

The rate on FDs ranging from 30 days to less than 3 months is 3.25 percent. Axis Bank is offering 2.75 percent interest rate on the smallest FD from 7 days to 29 days.

The post Axis Bank customers Good News, New interest rates applicable from today first appeared on Rightsofemployees.com.

FDs of less than 2 crores increased interest rates
Indian Overseas Bank has increased the interest rate on Fixed Deposit (FD Rates) from the bank. The new rates will be applicable from Tuesday, September 13. The bank has increased the interest rates on FDs below Rs 2 crore. If you have lump sum amount then you can also invest it in FD. Let us know about the new interest rate of Indian Overseas Bank-

Indian Overseas Bank New Interest Rates

7-29 Day FD – 3.25%
30-45 Day FD – 3.35%
46-90 Day FD – 3.75%
91-120 Day FD – 4.10%
121-179 Day FD – 4.10%
180-269 day FD – 4.65%
270 day to 1 year FD – 4.65%
1-2 year FD – 5.50%

A special FD of 444 days has been launched by the bank with an interest of 5.60 percent on FD for three years . In this scheme, the customer is getting an interest of 5.65 percent for 444 days. If the customer makes an FD for two to three years, then he will get interest at the rate of 5.60 percent. Apart from this, 6 percent interest will be available on FD of 1000 days.

These banks have also increased the rate on FD , after increasing the repo rate by RBI, many banks have changed the interest rate of FD. Private sector Axis Bank has also changed FD rates. The bank has increased the interest rate by 25 basis points. Which has come into effect from 9 September.

The post Bank New Rules: Good News to the customers of this government bank! This rule will be applicable from tomorrow first appeared on Rightsofemployees.com.

Significantly, after the increase in the repo rate, many banks and financial institutions have increased the interest rates on FDs significantly. This includes from PNB to ICICI Bank. Recently Canara Bank also increased the interest rates of its FD.

See Axis Bank’s new interest rates

Bank offers 2.50% interest rate on FDs maturing in 7 days to 29 days and the bank is offering 3% interest rate on FDs maturing in 30 days to 3 months . Depositors will now get an interest rate of 3.50% on FDs maturing in 3 months to 6 months and 4.65% on FDs maturing in 6 months to 7 months. 

Axis Bank is offering an interest rate of 4.40% on FDs maturing in 7 months to 8 months. Deposits maturing in 8 months to 9 months will continue to get an interest rate of 4.65% and deposits maturing in 9 months to 1 year will continue to get an interest rate of 4.75%.

Other Interest Rates

Axis Bank will continue to offer 5.45% interest rate on FDs maturing in 1 year to 1 year 11 days and the bank will continue to offer 5.75% interest rate on FDs maturing in 1 year 11 days to 1 year 25 . FDs maturing in 1 year 25 days to 2 years will continue to offer an interest rate of 5.60%. At the same time, FDs maturing in 2 years to 5 years will now get an interest rate of 5.70%. Axis Bank will now pay an interest of 5.75% on FDs maturing in 5 years to 10 years. Significantly, the bank is giving additional interest to senior citizens. The bank has said that senior citizens will get interest ranging from 2.50 percent to 6.50 percent.

The post Bank FD Rate Increased: This private bank increased the interest rates on FD, check the new rates first appeared on Rightsofemployees.com.