Good News For Bank Depositors ! Banks Have Raisen F.D Interest Rates Slightly Higher !

For the past few years bank fixed deposit(F.D)interest rates have been declining which hurts the savings nature of the public. But even today there are some section of people(Retirees, Senior Citizens, Unorganised workers)rely on interest income of the banks. So there is a need to preserve their inbuilt “Sentiment” by raising interest rates and protect the interests of the investors.

As RBI gives hint that interest rates would be hiked in future, many banks have raised their F.D Rates slightly higher than the existing interest rates. Even though they are comparatively lower than F.D rates of the last 4,5 years back interest rates, public have digested the “Low- interest rate Scenario”.

To satisfy retail investors many banks have hiked F.D interest rates slightly higher than the existing ones. Let’s check them in one glance under-

Bank NameTenure of DepositInterest Rate
State Bank of India(SBI)5 Years5.40%
IDBI Bank5 Years5.50%
Kotak Mahindra Bank5 Years5.50%
Federal Bank5 Years5.60%
ICICI Bank5 Years 1 Day & above5.60%
Axis Bank5 Years5.75%
Yes Bank3 Years6.25%
Karur Vysya Bank5 Years5.60%
South Indian Bank5 Years5.65%
IndusInd Bank1 Year6%
IDFC First Bank3 Years & above6.25%
DCB Bank700 Days5.95%
Bandhan Bank2 Years6.25%

So rush to your nearest bank you wish to do fixed deposit(F.D)and avail the latest interest rates

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