After the increase in the repo rate by the RBI, banks are increasing the rate of interest on home loans and all other types of loans on the one hand, and on the other hand the interest rates of FDs are also being increased.
This is a good news for people in rising inflation. Now the name of Suryoday Small Finance Bank has been included in the banks which have revised the interest rates of FD. This bank has increased its FD interest rates by up to 50 basis points. The revision of interest rates has been done for FDs of less than Rs 2 crore.
Now the bank is paying up to 9.1% interest on FDs of less than ₹ 2 crore. At the same time, senior citizens are getting interest up to 9.26 percent. The new interest rates have come into effect from 6 December. In a statement issued by the bank, it has been said that interest ranging from 4 percent to 9.01 percent is now being received on FDs of less than Rs 2 crore from 7 days to 10 years. At the same time, senior citizens will be given interest ranging from 4.50 to 9.26 percent.
What are the interest rates
The bank is giving 4% interest for a period of 7 to 14 days. At the same time, 4.25 percent interest is being received on FDs of 15 to 45 days. After this, 4.50 per cent on FDs of 46 to 90 days, 5 per cent on FDs of 91 days to 6 months, 5.50 per cent on FDs of more than 6 months to 9 months and 6 per cent on FDs of more than 9 months to 1 year. Getting percent interest.
The bank is paying 7% interest on FDs ranging from 1 year to 1 year 6 months. The same bank is paying 8.01 percent interest on FDs ranging from 1 year, 6 months to more than 2 years. The bank is paying 7.51 percent interest on FDs ranging from 2 years to 998 days.
The bank is giving 8.01 cheap interest on 999 days FD. 7.25% interest is being received on FDs that are going to mature in 2 months, 27 days to 3 years. 6.75 percent interest is being received on FDs of 3 years or more and less than 5 years. The bank is paying 9.01% interest on FDs maturing in 5 years. At the same time, 6.30 percent interest is being paid on FDs ranging from 5 years to 10 years.
