Bank new FD interest rates: These three banks are now offering FDs at significant interest rates; see details

 Bank new FD interest rates: These three banks are now offering FDs at significant interest rates; see details

Bank new FD interest rates: These three banks are now offering FDs at significant interest rates; see details

Bank announced new rates for FDs: The interest rates on fixed deposits have been raised by three banks. Every bank is giving regular people more than 7% interest.

Bank FD: Fixed Deposits are seen to be a superior investment choice. For a certain duration, investors get fixed interest on it. Furthermore, it is regarded as a secure investment choice. Other than this, repeatedly depositing money is not a burden. Banks often adjust interest rates. Three banks raised their FD interest rates this week. This list includes Yes Bank, RBL Bank, and ICICI Bank. Tell us the current interest rate on FD that these banks are giving.

Indeed Bank

Yes Bank is giving regular people 3.25 to 7.75% interest on term deposits (FD) ranging from 7 days to 10 years. On the other hand, senior citizen interest rates vary from 3.75% to 8.25%. With rates of 7.75%, the bank is providing the highest interest on FDs with terms ranging from 18 to fewer than 24 months. A one-year FD is offered with interest at 7.25%. A 60-month deposit at 7.25% interest is being offered by the bank.

Bank RBL

The FD interest rate was raised by 50 basis points by RBL Bank. With FDs ranging from 7 days to 10 years, it is giving 3.50% to 8% interest. The deposits with terms ranging from 546 days to 24 months provide the greatest interest rate. Seniors, however, get 0.5% higher returns.

ICICI Bank

Also, ICICI Bank modified the fixed deposit interest rates. For FDs under Rs 2 crore, the bank is giving regular people interest rates ranging from 4.75% to 7.25%. For deposits made over a year, returns of more than 7% are offered.