Good news..! 2 famous banks hiked FD interest..!?

Currently two popular private banks have increased interest rates on fixed deposits. Yesterday i.e. on 6th february Reserve bank started the Monetary Policy Committee (MBC) meeting (RBI Monetary Policy Committee Meet). RBI governor Shakti Kanthadas will announce the outcome of the Monetary Policy Committee (MPC) meeting conducted by RBI on february 8 tomorrow. Earlier, two of the country's most popular private sector banks have now revised their interest rates on fixed deposits. Meanwhile, the decision on the repo rate will be taken during the Monetary Policy Committee (MPC) meeting. Also, banks fixed deposit interest rates vary depending on the RBI repo rate. That is why those who want to invest in fixed deposits should keep an eye on these interest rates. When the rates increase, you should immediately take the opportunity and invest in it.

Fixed deposit interest rates of these banks have changed:
Currently, India's two largest private banks hdfc bank and Axis bank have recently revised their fixed deposit interest rates. Now let's see how much interest will be given for which periods accordingly.


* hdfc bank, India's largest private bank, has revised its interest rates for fixed deposit schemes between Rs 2 crore and Rs 5 crore.

* Whereas Axis bank has revised and increased the interest rate for domestic deposits below Rs.2 crore.
HDFC bank Fixed Deposit Rates:
Currently, hdfc bank offers interest rates of 4.75 percent to 7.40 percent for the general public and 5.25 percent to 7.90 percent for senior citizens. According to the official website of hdfc bank, the interest rate changes for these deposits are effective from february 3, 2024.

HDFC bank Interest Rate:
It offers an interest rate of 4.75% on gross deposits maturing in 7 to 29 days and 5.25% for senior citizens on gross deposits maturing in 7 to 14 days. It offers an interest rate of 5.50% for schemes maturing in 30 - 45 days and 6.00% for senior citizens. Offers an interest rate of 5.75% for a deposit period of 46 - 60 days, and 6.25% for senior citizens. It has also fixed an interest rate of 6.00% for a deposit period of 61 - 89 days and 6.50% for senior citizens.
90 days <= 6 months 6.50%, 7.00% for senior citizens.6 months 1 day <=9 million 6.65%, 7.15% for senior citizens.
9 months 1 day to < 1 year 6.75%, 7.25% for senior citizens.
7.40% for 1 year to 15 months, 7.90% for senior citizens.
7.05% for 15 months to < 18 months, 7.55% for senior citizens.
7.05% for 18 months to < 21 months, 7.55% for senior citizens.
7.05% for 21 months to 2 years, and 7.55% for senior citizens.
2 years 1 day to 3 years 7.00%, 7.50% for senior citizens.
3 years 1 day to 5 years 7.00%, 7.50% for senior citizens.
5 years 1 day to 10 years 7.00%, 7.75% for senior citizens.
Axis bank Fixed Deposit Rates:
Now coming to Axis bank, the bank has also changed the interest rates on domestic and nri fixed deposits. Accordingly, the bank offers 3 percent to 7.10 percent interest on fixed deposits between 7 days and 10 years. On the other hand, for senior citizens, it ranges from 3.50 percent to 7.75 percent.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

fixed deposits

Sowmiya Sriram

07/02/2024 01:17 PM