Fixed Deposit Rates Hike: In the recent past, the rising inflation in the country (inflation rateTo curb this, the Reserve Bank of India has continuously increased the repo rate. The central bank has increased the repo rate from 4% to 5.40%. This is directly affecting the customers of the bank. While taking loans has become very expensive on the one hand, the deposit rates of banks are increasing continuously. Bank your savings account (Saving Account), Fixed Deposit Rates (Fixed Deposit Rates), is continuously increasing the RD rates.
Now the names of three more private sector banks have been included in this list. Recently two banks have increased their FD rates. These banks are Federal Bank and Bandhan Bank. If you also want to get maximum returns by opening FD account by these banks, then we are giving you information about the interest rates offered by the bank-
Federal Bank FD Rates, a large private sector bank, has decided to increase the interest rate on its FDs of less than Rs 2 crore. The new rates increased by the bank have come into effect from 27 September 2022. The bank is offering 3.00% interest rate to its general citizens on FDs of 7 to 29 days. On the other hand, 3.25% on FDs of 30 to 45 days, 3.75% on FDs of 46 to 60 days, 4.00% on FDs of 61 to 90 days, 4.10% on FDs of 91 to 119 days, 4.25 on FDs of 120 days to 180 days. % is offering interest rate of 4.80% on FD of 181 days to 332 days, 5.60% on FD of 333 days, 4.80% on FD of 334 days, 5.60% on FD of 1 year to its customers.
Whereas Federal Bank 5.60% on 1 year to 20 months FD, 6.10% on 20 months FD, 5.60% on 20 months to 699 days, 7.00% on 700 days FD, 5.75% on 701 to 749 days FD, 6.50% on 750 days FD, 5.75% on 751 days FD for 3 years, 6.00% on 3 to 5 years FD, 6.00% on 5 to 2221 days FD. At the same time, interest rate is offered at 6.20% on FD of 2222 days.
Bandhan Bank, another private sector bank of the country (Bandhan Bank FD Rates), has decided to increase the interest rates of its fixed deposits. The bank has decided to offer a higher interest rate on its FDs above Rs 2 crore. The bank is offering interest rates ranging from 3.25% to 6.50% on FDs of 2 to 10 crores. If you do FD in Bandhan Bank for 7 to 15 days, then you will get 3.25% interest rate.
Whereas 3.25% on FDs of 16 to 28 days, 3.75% on FDs of 29 to 45 days, 5.05% on FDs of 46 to 90 days, 6.00% on FDs of 91 to 180 days, 6.00% on FDs of 181 to 364 days, 6.50% is available on FDs ranging from 365 days to 15 months. At the same time, 6.00% on FDs of 15 months to 2 years, 6.00% on FDs of 2 to 3 years, 6.00% on FDs of 3 to 5 years and 5.00% on FDs from 5 to 10 years.