Sunday, March 3rd, 2024

Good news for the customers of these two big banks! FD increased, getting returns up to 8.25%

FD Rates Hike: The Reserve Bank is continuously increasing its interest rates to control inflation in India. In such a situation, its direct impact is falling on the bank’s loan interest rates and deposit rates. In the recent past, many banks have increased their loan interest rates and FD rates. This includes both public and private sector banks.

Recently, the country’s largest private sector bank i.e. Axis Bank has decided to increase the interest rate (FD Rates) on its FDs of more than Rs 2 crore. The bank has increased the interest rate on deposits ranging from Rs 5 crore to Rs 10 crore. On the other hand, Mumbai-based DCB Bank has launched a special FD for its senior citizen customers, in which you will get a return of up to 8.25% on deposits of less than Rs 2 crore. If you are planning to do FD with these two banks, then we are giving you information about the details of these two-

How much return is Axis Bank giving on FD of 2 to 10 crores-
Axis Bank is offering its customers an interest rate ranging from 4.65 percent to 6.30 percent on deposits of Rs 5 to 10 crore. The bank is offering 4.65 percent interest rate on FDs of 7 to 14 days to its ordinary citizens. At the same time, 5.00 percent returns are being received on FDs of 15 to 45 days.

At the same time, returns of up to 6.00 percent are being received on FDs ranging from 46 days to 6 months. At the same time, 6.35 percent returns are being received on FDs ranging from 6 months to 9 months. Axis Bank is offering 6.40 per cent interest rate on FDs from 9 months to 1 year, 7.00 per cent interest rate on FDs from 1 year to 13 months, 6.80 per cent on FDs from 13 months to 3 years and 3 years to 10 years. The bank is offering 6.30 percent interest rate on FDs up to Rs.

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How much return will DCB bank give on FD of less than 2 crores-
Many banks come up with different types of FD schemes to attract senior citizen customers. DCB Bank people above 60 years of age are getting returns of up to 8.25%. The bank is giving a return of 7.60 per cent on FDs ranging from 700 days to 36 months to ordinary citizens for less than Rs 2 crore. At the same time, senior citizens are being given a return of 8.25 per cent for the same period.

DCB Bank (DCB Bank FD Rates) is getting returns of up to 3.75% on FDs of 7 to 90 days. Up to 4.50% returns are available on FDs ranging from 91 days to 6 months. Whereas 5.70 percent on FDs from 6 months to 12 months, 6.75 percent on FDs of 12 months, 6.75 percent on FDs of 12 to 15 months, 7.10 percent on FDs of 15 months to 700 days, 700 days to 36 months On FD, 36 months FD is getting 7.50 per cent, 36 months to 60 months FD is getting 7.25 per cent and 60 months to 120 months is getting 7.00 per cent on FD.

RBI continuously increasing repo rate
Let us tell you that since May till now the repo rate has increased by 1.90 per cent. The repo rate has increased from 4.00 percent to 5.90 percent. Due to this increase, many banks like State Bank of India, Punjab National Bank, ICICI Bank, Axis Bank, Indian Overseas Bank, Union Bank ( Many banks like Union Bank), RBL Bank have increased their FD rates.

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