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After SBI, now these two banks have increased their FD rates! Check here latest interest rate

Fixed Deposit Rates: The Reserve Bank has increased its repo rate (RBI Repo Rate Hike) for the fifth consecutive time in December. RBI has increased the repo rate by 35 basis points in its meeting. After this increase, the repo rate of RBI has reached 6.25 percent. Due to the continuous increase in the repo rate by the central bank, now government and private banks are also increasing their interest rates.

Recently, the country’s largest public sector bank i.e. State Bank of India has increased the interest rates of its FDs. After this, now two more banks have decided to increase their repo rate. This bank is HDFC Bank (HDFC Bank FD Rate Hike) and the country’s largest small finance bank ie AU Small Finance Bank (AU Small Finance Bank FD Rates Hike). Let us know about the new rates of both the banks-

HDFC Bank increased the interest rate on FDs of less than 2 crores-

HDFC Bank has decided to increase the interest rate on its FDs of less than 2 crores. According to the information given on the official website of the bank, the new rates have come into effect from December 14, 2022. The bank is offering 3.00 percent to 7.00 percent interest rate to ordinary citizens on FDs ranging from 7 days to 10 years. Let us know about the interest rate of different periods-

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    • 7 to 29 days FD – 3.00 percent

 

    • 30 to 45 days FD – 3.50 percent

 

    • FD from 46 days to 6 months – 4.50%

 

    • FD from 6 months to 9 months – 5.75%

 

    • FD from 9 months to 1 year – 6.00 percent

 

    • FD from 1 year to 15 months – 6.50 percent

 

    • FD from 15 months to 10 years – 7.00 percent

 

AU Small Finance Bank has increased the interest rate on FDs of less than 2 crores.

AU Small Finance Bank has also decided to increase the interest rate on its FDs of less than 2 crores. The new rates increased by the bank have come into effect from 12 December 2022. The bank is offering interest rate up to 3.75% on FDs ranging from 7 days to 1 month 15 days to its general citizens. At the same time, the bank is offering 4.25 percent interest rate on FDs of 1 month 16 days to 3 months. Bank 5.00% on FDs from 3 months to 6 months, 6.10% on FDs from 6 months to 12 months, 7.35% on FDs from 12 to 15 months, 7.20% on FDs from 15 months to 18 months, from 18 months The bank is offering 7.20 percent interest rate on FDs up to 24 months.

Whereas AU Small Finance Bank offers 7.75 percent interest rate on FDs from 24 months to 36 months, 7.75 percent on FDs from 36 months to 45 months, 7.20 percent on FDs of 45 to 60 days and 7.20 percent on FDs from 60 to 120 months. percent interest rate the bank is offering.

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