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This big bank gave a big gift to its customers! FD interest rates hiked

IDBI Bank FD Rate Increased: In today’s time, people are not preferring to invest in market based investment schemes because investors have suffered huge losses due to this in the past. In such a situation, the risk free investment scheme is FD i.e. Fixed Deposit Scheme, by investing in which you can get better returns. The country’s largest private bank IDFC First Bank is giving better returns on FD scheme to its customers. The bank has decided to increase the interest rate on FDs below Rs 2 crore. These new rates have come into effect on 18 July 2022.

Explain that the bank has decided to increase the interest rate on FDs of 2 to 3 years. The bank is offering its customers an interest rate of 3.50 percent to 6.00 percent on FDs of 7 days to 10 years. At the same time, the bank is offering an interest rate ranging from 4 percent to 6.50 percent to the Senior Citizen. The bank is offering 0.50 percent interest rate to senior citizens. If you are also planning to do FD in bank, then we are giving you information about FD interest rate-

Bank’s FD rates below Rs 2 crore-

    • FD of 7 to 14 days – 3.50%
    • FD of 15 to 29 days – 3.50%
    • FD of 30 to 45 days – 4.00%
    • FD of 46 to 90 days – 4.00%
    • FD of 91 to 180 days – 4.50%
    • FD of 181 days to 1 year – 5.75%
    • FD of 1 year 1 day to 499 days – 6.25%
    • FD of 500 days to 2 years – 6.50%
    • 2 Years 1 Day to 3 Years FD-6.50%
    • 3 years 1 day to 5 years -6.50%
    • On FDs of 5 years 1 day to 10 years – 6.00%

 

Tax saver FD-
Let us inform that IDFC First Bank has also changed the interest rates of its Tax Saver FD Scheme. The bank is now offering 6.50 percent interest rate on 5 years tax saver. These new rates have come into effect from 18 July 2022.

Bank’s FD rates of Rs 2 crore to Rs 5 crore-

    • FD of 7 to 14 days – 4.60%
    • FD of 15 to 29 days – 4.60%
    • FD of 30 to 45 days – 4.85
    • FD of 46 to 60 days – 5.00%
    • FD of 61 to 91 days – 5.25%
    • FD of 92 to 180 days – 5.65%
    • 181 to 270 days -6.10%
    • 271 to 365 days – 6.35%
    • 366 to 399 days -6.60%
    • 400 to 540 days -6.55%
    • 541 to 731 days – 6.55%
    • 732 to 1095 days -6.55%
    • 3 to 5 years – 6.55%
    • 5 to 8 years – 6.55%
    • 8 to 10 years – 6.55%

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