Bank FD rates hike: Investors look for low risk and high interest options to invest money. You will not find a better option than FD i.e. Fixed Deposit. Because your money remains completely safe in this, however, from youth to senior citizens in the country, they like to invest in FD (Best investment option).
If you also want to invest in FD, then these days there are many banks which are giving high interest on FD (FD rate hike). Today in this news we are going to tell you the names of some such banks which are giving the highest interest on FD. We are offering, let us know in the news below–
In the MPC meeting of the Reserve Bank of India (RBI) held on December 8, 2023, the key repo rate was maintained at 6.5 percent for the fifth consecutive time, despite this, many banks had increased the interest rates on FD at the end of the year. Now Kotak Mahindra Bank has also been included in this list. On February 27, the bank has changed the interest rates for deposits less than Rs 2 crore. New rates for FDs worth more than Rs 2 crore have come into effect on February 29.
Know how much return you are getting?
This bank offers more than 9% interest rate on fixed deposits for senior citizens.
Kotak Mahindra Bank offers interest rates between 2.75% to 7.40% to general citizens and 3.25% to 7.90% to senior citizens. Earlier the bank offered interest rates between 2.75% to 7.25% to general citizens and 3.25% to 7.75% to senior citizens. Was offering interest rate between Rs.
Gives highest interest on this period-
The bank offers the highest FD interest rate of 7.4% for regular citizens on deposits maturing between 390 days to less than 23 months. For regular citizens the rate on deposits maturing in 23 months or less than two years is 7.3%.
Higher interest rates for senior citizens-
The bank offers the highest FD interest rate of 7.9% for senior citizens on deposits maturing between 390 days to less than 23 months. For senior citizens, the rate on deposits maturing in 23 months or less than two years is 7.85%.
How much return is being received in recurring deposit-
The bank offers interest rates between 6% to 7.40% for regular citizens for tenures between 6 months to 10 years.
Interest rates of other big banks-
HDFC Bank offers the highest interest rate of 7.25% on tenure from 18 months to less than 21 months. ICICI Bank offers 7.20% for 15 months to 2 years. SBI offers the highest interest rate of 7.10% on “400 days” (Amrit Kalash) tenure.
