Indusind Bank hikes FD rates
IndusInd Bank has continued to pay 6% interest as before on FDs with tenures ranging from 1 year to less than one and a half years. 6.25 percent interest will continue to be available on FDs ranging from one and a half years to less than 2 years.
Private Banks IndusInd Bank and Federal Bank Fixed Deposit (FD Rates) rates have been increased. Interest rates have been increased on FDs of less than Rs 2 crore. Due to this, the interest rates on FDs of different tenors have increased. After the new increase, the interest rate for the general public has reached 6.50 percent and for senior citizens, it has reached 7 percent. In this episode the private bank Federal Bank (Federal Bank) has also increased the rates of fixed deposits. Now the new rates have gone up from 2.75 percent to 5.75 percent. This bank is giving interest ranging from 3.25 percent to 6.40 percent to senior citizens. The new rates are applicable from June 22, 2022. IndusInd Bank (IndusInd Bank) is increasing the interest from 2.75 percent to 3.25 percent on FDs of the lowest 7 days to 14 days. In this way, the interest rate of FD has been increased by 50 basis points.
IndusInd Bank has announced to give 3.50 percent interest on FDs of 15 days to 30 days. FDs for this period have increased by 50 basis points. Interest of 3.70 percent is being available on FDs of 31 days to 45 days, 3.80 percent on FDs of 46 days to 60 days. In this way, 20 basis points and 15 basis points have been increased in both these FD schemes respectively. On FDs of 61 days to 90 days, 4 percent interest is being given instead of 3.75 percent. The interest rates of this FD have been increased by 25 basis points.
IndusInd Bank new rates
IndusInd Bank is giving 4.40 percent interest, increasing by 40 basis points on FDs of 91 days to 120 days. However, on FDs of 121 days to 180 days, IndusInd Bank has kept the interest constant at 4.50 percent as before. Interest is being given on FD of 181 days to 210 days, 4.75 percent, FD of 211 days to 269 days, 5 percent and 5.50 percent respectively on FD of 355 days or 364 days. The bank has continued to pay 6% interest as before on FDs ranging from 1 year to less than one and a half years. 6.25 percent interest will continue to be available on FDs ranging from one and a half years to less than 2 years.
Federal Bank interest change
Federal Bank has also increased FD interest rates. There has been an increase of 10 basis points on FDs from 7 days to 29 days. The old rate was 2.65 percent, which has been increased to 2.75 percent. The interest rate on FDs of 30 days to 45 days has been kept constant and customers will continue to get 3.25 percent interest. Federal Bank is giving 3.65 percent interest on FDs maturing in 46 days to 60 days. The interest rate on FDs maturing in 61 days to 90 days has been fixed at 3.75 percent.
On FDs maturing in 91 days to 119 days and 120 days to 180 days, the bank will continue to offer interest rates of 4.00 percent and 4.25 percent respectively. The interest rate on FDs maturing in 181 days to 270 days has increased from 4.50 per cent to 4.60 per cent, which is an increase of 10 basis points. The interest rate on deposits maturing in 271 days to less than one year remains stable at 4.75 per cent. Federal Bank will now offer an interest rate of 5.45 percent and 5.60 percent on FDs maturing in one year or more but less than two years, while the bank will offer 5.75 percent and 5.85 percent on deposits maturing in two years to 749 days and 750 days. will offer an interest rate of percentage.
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