Bank Update: Three big banks, including the country’s largest state-run bank SBI (State Bank of India), have given a big gift to their crores of customers. If you also have an account in these banks then you will also get more benefit. State Bank of India, Central Bank of India and Axis Bank have increased the interest rates of bank FD rates. This increase has been made for different tenures. Let us know which bank has increased the interest rate.
SBI: The country’s largest bank State Bank of India (SBI) has increased interest rates on deposits of less than Rs 2 crore. The bank has increased interest rates by 15 basis points for various tenors. Now common investors will get interest on FD at the rate of 2.90% to 5.65%. Whereas for senior citizens the deposits ranging from 7 days to 10 years range from 3.40% to 6.45%.
Central Bank of India: Public sector Central Bank of India has increased interest rates on deposits of less than Rs 2 crore. According to the official website of the bank, the bank is now charging interest rates ranging from 2.75% to 5.55%. This is for deposits with maturities ranging from 7 days to 555 days.
Axis Bank: Private sector Axis Bank has increased interest rates on deposits of less than Rs 2 crore. The bank has increased the rates of deposits by up to 0.45 percent. The bank has increased the interest rate of FD by 45 basis points for the tenor from 17 months to 18 months. Now the new rates have been increased from 5.60 per cent to 6.05 per cent. These rates are effective from August 11. Earlier on July 16, the bank had increased the interest rates on FDs.
