Fixed deposit latest Interest rates Hike: Whenever it comes to safe and good profit options, people often prefer to invest in FD. The biggest advantage of investing in FD is that the market conditions do not affect it (best fixed deposit schemes) and the interest rates also keep increasing from time to time. If you are also thinking of investing in FD, then let us tell you, big name banks like Axis are currently offering strong interest rates on FD. Let us know in detail about these new rates-
Many banks have changed the interest rates on FD. These include Axis Bank, Ujjivan Small Finance Bank, ICICI Bank, Punjab & Sind Bank and Bank of India (FD interest rates Hike update). These banks have updated their interest rates. Ujjivan Small Finance Bank is giving the highest interest to senior citizens. It is 8.75 percent on 12-month FD. If you are also thinking of investing in FD (High interest FD Schemes), then first take a look at the new interest rates of these banks. You may get more benefit than before!
Bank of India
Bank of India has updated its FD interest rates from June 30. According to the bank’s website, the new rates are applicable on FDs up to Rs 3 crore (BOI latest FD interest rates). Senior citizens will get the highest interest of 7.80% on FD of 666 days. At the same time, common people can get interest up to 7.3% (Fixed Deposit Interest rates) for the same period.
|
Duration |
Rate of Interest (Annual) |
|
7 days to 29 days |
3.75% |
|
30 days to 89 days |
4.25% |
|
90 days to 179 days |
4.75% |
|
6 months to < 12 months |
7.00% |
|
12 Months |
8.25% |
|
12 months 1 day to 560 days (80 weeks) |
8.00% |
|
561 days to 990 days |
7.75% |
|
991 days to 60 months |
7.20% |
|
60 months 1 day to 120 months |
6.50% |
|
Additional interest rate for senior citizens |
0.50% |
ICICI Bank
ICICI Bank has updated its FD interest rates. According to the bank’s website, the new rates will be applicable on FDs up to Rs 3 crore. Senior citizens will get the highest interest rate of 7.75% on FDs of less than 15 months to 18 months (ICICI bank FD rates). At the same time, common people will get up to 7.2% interest on FDs of 15 months to 2 years.
|
Duration |
ordinary citizens |
senior citizen |
|
7 to 14 days |
3.00% |
3.50% |
|
15 to 29 days |
3.00% |
3.50% |
|
30 to 45 days |
3.50% |
4.00% |
|
46 to 60 days |
4.25% |
4.75% |
|
61 to 90 days |
4.50% |
5.00% |
|
91 to 120 days |
4.75% |
5.25% |
|
121 to 150 days |
4.75% |
5.25% |
|
151 to 184 days |
4.75% |
5.25% |
|
185 to 210 days |
5.75% |
6.25% |
|
211 to 240 days |
5.75% |
6.25% |
|
241 to 270 days |
5.75% |
6.25% |
|
271 days to 300 days |
6.00% |
6.50% |
|
301 days to 330 days |
6.00% |
6.50% |
|
331 days to < 1 year |
6.00% |
6.50% |
|
1 year to 389 days |
6.70% |
7.20% |
|
390 days to < 15 months |
6.70% |
7.20% |
|
15 months to < 18 months |
7.20% |
7.75% |
|
18 months to 2 years |
7.20% |
7.70% |
|
2 years 1 day to 3 years |
7.00% |
7.50% |
|
3 years 1 day to 5 years |
7.00% |
7.50% |
|
5 years 1 day to 7 years |
6.90% |
7.40% |
|
7 years 1 day to 10 years |
6.90% |
7.40% |
|
5Y (Tax Saving FD) |
7.00% |
7.50% |
Axis Bank
Axis Bank has changed the interest rates of its fixed deposits (FDs) from July 1. This information has been given on the bank’s website (Axis bank FD Schemes). The bank has implemented new rates on FDs up to Rs 3 crore. Senior citizens will get the highest interest of 7.75% on FDs of 5 to 10 years. At the same time, common people can get up to 7.2% interest on FDs of less than 17 months to 18 months (Axis bank FD interest hike).
