Sunday, March 3rd, 2024

HDFC and ICICI Bank customers super-happy, will get more interest than before, money will increase quadruple day and night


Highlights:

New interest rates on HDFC Bank FDs applicable from February 21, 2023
ICICI Bank hikes interest on FDs from Rs 2 crore to Rs 5 crore
Effect of increase in repo rate by RBI

New Delhi. RBI had increased the repo rate by 0.25 percent on February 8. After the increase in the repo rate, many government and private banks of the country have increased their Fixed Deposit (FD) rates. In this series, private sector ICICI Bank and HDFC Bank have increased the interest rates on FDs.

After the latest hike, HDFC Bank is now providing interest rates ranging from 3% to 7.10% to general public and 3.50% to 7.60% to senior citizens. The new interest rates on HDFC Bank’s FD have come into effect from February 21, 2023.

Read This Also:- RBI Monetary Policy 2023: RBI made loan costlier by 0.25 percent, estimated 6.4 percent growth rate next year

hdfc bank fd rates
After the change, HDFC Bank is offering its customers 3% on FDs of 7 days to 14 days, 3% on FDs of 15 to 29 days, 3.50% on FDs of 30 days to 45 days, 4.50% on FDs of 46 to 60 days and 4.50% interest will be given on 61 days to 89 days FD. Now the bank will pay 4.50% interest on FDs from 90 days to less than 6 months, 5.75% on FDs from 6 months 1 day to less than 9 months and 6% interest on FDs from 9 months 1 day to less than 1 year. .

ICICI Bank increased interest on bulk FD
ICICI Bank has once again increased the interest on bulk FDs. The bank has increased the interest on FDs from Rs 2 crore to Rs 5 crore. The bank had earlier increased the interest on bulk FDs on 7 February. This time the bank has increased the interest on bulk FD by a maximum of 0.25 percent. The bank is paying interest ranging from 4.75 per cent to 7.15 per cent on FDs ranging from 7 days to 10 years. The bank is offering the highest interest of 7.15 per cent on FDs of 15 months.

Read This Also:- Retail Inflation: ‘Wholesale prices’ increased, retail inflation was 5.72% in December, 6.52% in January

ICICI Bank Bulk FD Rates-
7 days to 14 days: For general public – 4.75 per cent; For senior citizens – 4.75 per cent
15 days to 29 days: For general public – 4.75 per cent; For senior citizens – 4.75 per cent
30 days to 45 days: For general public – 5.50%; For senior citizens – 5.50 per cent
46 days to 60 days: For general public – 5.75%; For senior citizens – 5.75 per cent
61 days to 90 days: For general public – 6%; For senior citizens – 6 percent
91 days to 120 days: For general public – 6.50%; For senior citizens – 6.50 per cent
121 days to 150 days: For general public – 6.50%; For senior citizens – 6.50 per cent
151 days to 184 days: For general public – 6.50%; For senior citizens – 6.50 per cent
185 days to 210 days: For general public – 6.65 per cent; For senior citizens – 6.65 per cent
211 days to 270 days: For general public – 6.65 per cent; For senior citizens – 6.65 per cent
271 days to 289 days: For general public – 6.75 per cent; For senior citizens – 6.65 percent
290 days but less than one year: For general public – 6.75%; For senior citizens – 6.65 per cent
1 year to 389 days: For general public – 7.15 per cent; For senior citizens – 7.15 per cent
390 days to less than 15 months: For general public – 7.15%; For senior citizens – 7.15 per cent
15 months to less than 18 months: For general public – 7.15 per cent; For senior citizens – 7.15 per cent
2 years 1 day to 3 years: For general public – 7.00%; For senior citizens – 7.00 per cent
3 years 1 day to 5 years: For general public – 6.75 per cent; For senior citizens – 6.75 per cent
5 years 1 day to 10 years: For general public – 6.75 per cent; For senior citizens – 6.75 per cent

Tags: Bank FD, Bank interest rate, FD Rates, Fixed deposits, hdfc bank, ICICI bank, Money Making Tips

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