FD Interest Rate: If you invest in Fixed Deposit (FD) then this news is useful for you. Many banks have changed the interest rate on FD. This will affect the returns on your investment in FD. However, this change is not for long term investment. This will affect those investors who invest in FD for a short period.
These banks have changed the interest rate on FD ICICI Bank
This bank is giving interest at the rate of 7.20 percent on FDs of 15 to 18 months. At the same time, this bank is giving interest at the rate of 7.20 percent on FDs of 18 months to 2 years. If a person invests for one year, then the interest rate on it is 6.7 percent.
7% interest is being given on 3-year deposits. If we talk about short-term deposits (less than a year), then this bank is giving interest ranging from 3% to 6%. However, this interest is only on deposits up to Rs 3 crore.
Axis Bank
This bank is also giving more than 7 percent interest per annum. If you invest for 17 and 18 months, you will be given interest at the rate of 7.2 percent per annum. At the same time, the interest rate for one year FD is 6.7 percent. For two year FD, the bank is giving interest at the rate of 7.10 percent. The same interest rate is also for 3 and 4 years.
The bank is offering an interest rate of 7 percent on 5-year investments. Apart from this, an interest rate of 3 percent is being offered on 7 and 29 day deposits and 4.25 percent on 46 to 60 day deposits. However, this is for investments of less than Rs 5 crore.
Ujjivan Small Finance Bank
This bank has also changed the interest rates of FD. However, this change is only on those FDs in which investment up to Rs 3 crore will be made. The bank is giving the highest interest on 12-month investment.
This is 8.25 percent per annum. For senior citizens, this interest rate is 8.75 percent. Ujjivan Bank is giving 3.75 percent interest on FDs of 7 to 29 days. At the same time, 8 percent interest is being given on FDs of 80 weeks.
Punjab And Sind Bank
Punjab and Sindh Bank has also changed the interest rates. This bank is giving the highest interest for senior citizens. This interest rate is 7.80 percent on an investment of 666 days.
At the same time, this interest rate for ordinary citizens is 7.30 percent. This interest rate is applicable on investments up to Rs 3 crore. 2.80 percent interest is being given on investments of 7 to 14 days.
bank of india
Bank of India is also not behind in giving interest on FD. This bank is also giving the highest interest on FD to senior citizens. The interest rate on investment of 666 days is 7.80%. Whereas for common citizens this interest rate is 7.30%.
This interest rate is the highest on any day’s investment. This interest rate is on investments up to Rs 3 crore. This bank is giving 3% interest on investments of 7 to 14 days.
