Fixed Deposit Interest Rates Archives

Yes Bank increased interest rates on fixed deposits, customers will get benefit

There is more pressure now to raise the interest rate on bank deposits. Banks are gradually raising their deposit interest rates in such a scenario. Yes Bank, a private sector bank, has recently announced plans to raise the interest rates on its deposits. It has been announced that interest rates would be increased on fixed deposits.

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Less than two crores have seen an increase in interest rates from the bank on FDs. Interest rates have gone hiked by the bank from 0.25 to 0.50 basis points. As of February 21, 2023, the bank’s new rates will be in effect. The 25-month FD rates have altered, according to the bank. The bank also stated that interest on 36-month FDs will be given up to 8%.

#YESBank has increased the interest of select tenures of fixed deposits (FDs) by 25 to 50 basis points (bps).https://t.co/vMDakf3npP
— Economic Times (@EconomicTimes) February 22, 2023

Yes Bank has indicated that interest will be paid at the rate of 6 percent instead of 5.75 percent on deposits from 181 days to 271 days in the list of its freshly declared interest rates. The bank has announced a 6.25 percent interest rate on deposits made between 272 days and one year. Earlier, this rate was 6 percent.

Customer can get interest on FDs as high as 9.36% on New Year, know how?

This information is for you if you plan to increase your returns through FDs in the coming year. The interest rates being provided on FDs have increased by a record amount at Shriram Finance Limited. It has announced a 5 to 30 basis point (0.05% p.a. to 0.30% p.a.) rise in FD rates.

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Customers will be able to earn up to 9.36% interest on FDs as of January 1, 2023. However, in order to do it, various requirements must be met.

Let us inform you that one of the biggest retail NBFCs in India is Shriram Finance Limited (SFL) of the Shriram Group. Let us inform you that elderly folks receive an additional 0.50% in interest from Shriram Finance Limited (SFL).

FD Rates: Great news for HDFC customers, From today customers will benefit from this big change

For the customers of HDFC Bank, the leading private bank has once again given them the good news. Again, the HDFC bank has changed the Fixed Deposit (FD) rates. The new rates go into effect on April 20. A new rate will be applicable to FDs below Rs 2 crore.

Here are the new interest rates

A 2.50 percent interest rate is being offered by the bank to the citizens holding 7-29 day FDs. On top of this, the bank offers 3% interest on FDs of 30 days to 90 days. In response to the new change, HDFC Bank is giving 3.50 interest on fixed deposits for 91 days to 6 months.

Maximum interest rate 5.60 percent

The bank’s site states that interest will be paid at a rate of 5.10 percent on FDs maturing in one year from one day to two years. The interest rate on FDs for two years, one day, and three years is 5.20 percent. On the other hand, interest rates of 5.45 percent will be available on FDs ranging from three years 1 day to five years, and 5.60 percent on FDs lasting from five years 1 day to ten years.

HDFC Bank’s latest FD interest rates are effective from 20 April 2022

7 to 14 days: 2.50%
15 to 29 days: 2.50%
30 to 45 days: 3%
61 to 90 days: 3%
91 days to 6 months: 3.5%
6 months 1 day to 9 months: 4.4%
9 months 1 day to 1 year: 4.40%
1 year 1 day to 2 years: 5.10%
2 years 1 day to 3 years: 5.20%
3 years to 1 day 5 years: 5.45%
5 years 1 day to 10 years: 5.60%

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