FD Rate Hike: In December, several banks raised their FD interest rates, receiving a benefit of up to 8.6%. See details

 FD Rate Hike: In December, several banks raised their FD interest rates, receiving a benefit of up to 8.6%. See details

 FD Rate Hike: In December, several banks raised their FD interest rates, receiving a benefit of up to 8.6%. See details

FD Rate Hike: Several banks raised interest rates in December. Following this, investors will get an 8.60 percent interest rate.

Many banks—both government and non-government—have raised their fixed-rate deposits (FD) interest rates in December. When they make FDs at these institutions, investors get an interest rate of 8.60 percent. This might be a fantastic chance for you to get FD if such a case arises.

Indian Bank

public sector bank From December 1, 2023, the Bank of India will be offering FD interest rates ranging from Rs 2 crore to Rs 10 crore. 5.25 percent is available from Bank of India on FDs from 46 to 90 days, 6.00 percent from 91 to 179 days, 6.25 percent from 180 to 210 days, and 6.25 percent from 211 days to less than a year. A 6.50 percent interest rate is being offered. On a one-year FD, interest rates are 7.25 percent.

Bank Kotak Mahindra

The interest rates have also been raised by Kotak Mahindra Bank. Currently, the bank offers investors on FDs interest rates ranging from 2.75 percent to 7.25 percent. On December 11, 2023, these interest rates become operative.

Bank DCB

For certain tenures, DCB Bank has raised the interest rates on fixed-rate deposits (FDs) worth less than Rs 2 crore. Following this rise, the bank is offering senior investors an interest rate of 8.60 percent and regular investors an interest rate of 8%.

Bank Federal

On December 5, the Federal Bank raised the interest rates on FDs. The bank is offering ordinary investors a maximum interest rate of 7.50 percent on fixed-rate notes with a maturity of 500 days. On FDs lasting 500 days, senior folks get an interest rate of 8.15 percent.