These banks pay high interest on FDs, checklist

0

Interest rate on fixed deposits: Interest rates on time deposits have been changed by the largest public sector bank, Bank of Baroda. The bank already offers seniors an additional interest rate of 0.50%.

However, from February 25, the Bank of Baroda changed the interest rate on term deposits. As a result of this decision, the BoB’s new FD interest rates increased from 2.80% to 5.25% for maturities ranging from 7 days to 10 years.

Also read: Indian student Harjot Singh shot dead in Kyiv, escorted to IAF special plane

The bank announced an interest rate of 2.80% on FDs with maturities ranging from 7 to 45 days. In this case, interest will be 3.7% on maturities of 46 to 180 days and 4.30% on maturities of 181 to 270 days when the bank changes.

From 271 days to less than one year, the interest rate on DFs is 4.4%. Other than that, FDs that mature in one year enjoy an interest rate of 5%. At the same time, the interest rate on DFs with maturities greater than one year but less than three years is 5.1%.

The Bank of Baroda offers 5.25% interest on FDs over 5 years and up to 10 years. HDFC Bank and SBI had previously changed their FD interest rates. Its immediate benefit is granted to new FD holders.

SBI FD Interest:

7 days to 45 days: 2.90%

from 46 days to 179 days: 3.90%

from 180 days to 210 days: 4.40%

from 211 days to less than 1 year: 4.40% Above

1 year and 2 years Below: 5.10% Above 2 years and below 3 years: 5.20%

More than 3 years and less than 5 years: 5.45%

From 5 years to 10 years: 5.50%

HDFC FD Interest:

7 days to 14 days: 2.50%

15 days to 29 days: 2.50%

30 days to 45 days: 3.00%

from 46 days to 60 days: 3.00%

from 61 days to 90 days: 3.00%

from 91 days to 6 months: 3.50%

from 6 months to 9 months: 4.40%

from 9 months to 1 year A: 4.40%

From 1 year: 5.00%

From 1 year to 2 years: 5.00%

From 2 years to 3 years: 5.20%

From 3 years to 5 years: 5.45%

From 5 years to 10 years: 5.60%

Share.

Comments are closed.