FD Rate Hike: This bank raised interest rates after SBI; see the top banks' FD rates
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| FD Rate Hike: This bank raised interest rates after SBI; see the top banks' FD rates |
FD Rate Hike: This bank raised interest rates after SBI; see the top banks' FD rates.
As of December 30, 20230339, by Pravesh Maurya
FD Rate Hike: This bank raised interest rates following SBI; see the top bank FD Rates
FD Rate Hike: This bank raised interest rates following SBI; see the top bank FD Rates
An increase in FD interest rates is particularly relevant to maturities of less than a year. The interest rates on FDs with maturities ranging from seven to fourteen days have been raised by Bank of Baroda from 3% to 4.25%.
Interest Rates at Bank of Baroda: Following increases by SBI and Axis Bank, interest rates at Bank of Baroda have also gone up. The interest rates on domestic retail term deposits, including NRO term deposits, have been raised by Bank of Baroda. The higher borrowing rates went into effect on December 29. On FDs with varying maturities, the bank has declared an increase from 10 basis points to 125 basis points.
4.75% APR for a period of 7 to 14 days
Deposits under Rs 2 crore are subject to the higher interest rates. The stock market filing states that FDs with short maturities would be most affected by the interest rate rise. Particularly for maturities with a duration of less than a year, FD rates are relevant. The interest rates on FDs with maturities ranging from seven to fourteen days have been raised by Bank of Baroda from 3% to 4.25%. Senior folks get 4.75% interest from the bank throughout the same time period. This interest rate was 3.50 percent before.
Benefits on short maturity will exist.
In a similar vein, FDs with maturities ranging from 15 to 45 days now have an interest rate of 4.50% instead of 3.50%. For this term, seniors are eligible for an interest rate of 5%; before, it was 4%. Investors that place money in short-term funds will profit from the rise in interest rates on these instruments. The new rate that the bank is offering is available to both new and current clients.
Bank of Baroda's new interest rates
From seven to fourteen days: 4.25 percent (top three percent)
4.5 percent (formerly 3.50 percent) between 15 and 45 days
Between 46 and 90 days, the first five percent or 5.50 percent
From 91 to 180 days, the first five percent or 5.60 percent
5.75 percent (formerly 5.5 percent) between 181 and 210 days
6.15 percent (formerly 6.0 percent) between 211 and 270 days
6.25 percent from 271 days to less than a year (formerly 6.25 percent)
After a year——6.85% (previously 6.75%)
Less than 400 days and more than a year——6.85 percent (formerly 6.75 percent)
6.85% of those who are older than two years and more than 400 days (was 6.75 percent)
Between two and three years—7.25 percent (formerly 7.25 percent)
From three to five years——6.5% (before, 6.5%)
From five to ten years old: 6.5% (previously: 6.5%) and 7.5% for older adults. Senior people get 50 basis points greater interest on FDs of all other tenures.
SBI and Axis Bank have raised interest rates prior to this. The interest rate on FDs due in 45 days has been raised by 50 basis points by SBI. Prior to this, interest rates were raised by Federal Bank, DCB Bank, and Bank of India.
interest rates for SBI
3.50% from 7 to 45 days
From 46 to 179 days, 4.75 percent
From 180 to 210 days, 5.75 percent
Less than 6%, from >211 days to 1 year
More than a year and under two years 6.80%
> Two years and under three years 7.00%
>3 years to <5 years, 6.75 percent
> 6.50% for five and ten years (elderly citizens will get an extra fifty basis points of interest on all duration FDs.)
Interest rates at Axis Bank
3.00% for 7 to 14 days
15–29 days: 3%
30 to 45 days: 3.50 percent
46–60 days: 4.25 percent
4.50% of 61 days to 3 months
3 Months - 24 Days in 3 Months: 4.75%
25 Days in 3 Months and 4 Months: 4.75%
From four to five months: 4.75%
Five to six months: 4.75%
6 – 7 months: 5.75 percent
From 7 to 8 months: 5.75 percent
8–9 months: 5.75 percent
Nine to ten months: 6.00%
Ten to eleven months: 6.00%
11 Months - 24 Days in 11 Months: 6.00%
1 Year – 11 Months 25 Days: 6.00%
One year and four days: 6.70%
6.70% of 1 year, 5 days, to 1 year, 10 days
Between one year and twenty-four days: 6.70%
13 months – 1 year 25 days: 6.70%
13–14 months: 6.70 percent
Between 14 and 15 months: 6.70%
Between 15 and 16 months: 7.10%
Between 16 and 17 months: 7.10%
Between 17 and 18 months: 7.10%
7.10% from 18 months to 2 years
30 months to two years: 7.10%
30-to 3-year period: 7.10%
Three to five years: 7.10%
From five to ten years: 7.00%
Indian Bank
The interest rate on savings accounts (FDs) of more than Rs 2 crore and less than Rs 10 crore has been raised by Bank of India. For a term of 46 days to 90 days, 6.00% for 91 days to 179 days, 6.25% for 180 days to 210 days, and 6.50% for more than 211 days and less than a year, the interest rate on FD is as follows. Getting interest from. In a similar vein, the annual interest rate for a one-year term is 7.25%.
Bank Kotak Mahindra
FDs with a three-to five-year term now have higher interest rates according to Kotak Mahindra Bank. It is providing interest on FDs maturing in 7 days to 10 years at a rate of 2.75% to 7.25%. Senior individuals who make these deposits might get interest rates ranging from 3.35% to 7.80%.
Bank DCB
For certain tenures on FDs under Rs 2 crore, DCB Bank has raised the interest rate. The bank offers interest rates as high as 8% to regular clients and as high as 8.60% to senior people. For FDs with terms ranging from seven days to ten years, DCB Bank is providing interest rates to general consumers that range from 3.75% to 8%. In a similar vein, interest rates for older persons range from 4.25% to 8.60%.
Bank Federal
The interest rate on funds deposited for 500 days has been raised to 7.50% by Federal Bank. Federal Bank is providing senior people with FDs maturing in 500 days at 8.15% interest and FDs with tenures longer than 21 months but less than three years at 7.80% interest.
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