Friday, March 29th, 2024

Two big private sector banks of the country have increased the interest rate on their FDs, check new rates here


Fixed Deposit Rates: Two big private sector banks of the country have given good news to their customers. These banks are Kotak Mahindra Bank and Bandhan Bank. Kotak Mahindra Bank is offering its customers a higher interest rate on Retail FD (Kotak Mahindra Bank FD Rates). On the other hand, Bandhan Bank has increased the interest rates of 2 bulk FDs. The new rates of both banks have come into effect from December 28, 2022. If you are also thinking of doing FD in either of the two banks, then we are giving you information about its latest interest rate.

Kotak Mahindra Bank’s FD will get higher returns
Kotak Mahindra Bank is offering interest rates ranging from 2.75 percent to 6.20 percent to ordinary citizens on FDs of less than Rs 2 crore (Kotak Mahindra Bank FD Rates Hike). The bank is offering 2.75 per cent interest rate on FDs of 7 to 14 days. Whereas 3.00 per cent on FDs from 15 days to 30 days, 3.25 per cent on FDs of 31 to 45 days, 3.50 per cent on FDs of 46 to 90 days, 4.00 per cent on FDs of 91 to 120 days, 4.25 per cent on FDs of 121 to 179 days. Per cent, 5.75 per cent on FD of 180 days, 6.00 per cent interest rate is being offered on FD of 181 days to 364 days.

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At the same time, 6.75 percent interest rate is being offered on FDs of 365 days to 389 days, 7.00 percent interest rate is being offered on FDs of 390 days to 23 months. Whereas 6.50% on FDs from 23 months to 2 years, 6.40% on FDs from 2 to 3 years, 6.30% on FDs from 3 to 4 years, 6.25% on FDs from 4 to 5 years and 5 to 10 years Kotak Mahindra Bank is offering 6.20 percent interest rate on FDs up to Rs.

Bandhan Bank’s FD will get higher returns
Bandhan Bank (Bandhan Bank FD Rates Hike) has decided to increase the interest rate on its FDs ranging from Rs 2 to Rs 10 crore. The bank is offering customers a maximum interest rate of 5.00 per cent to 6.15 per cent on FDs ranging from 7 days to 10 years. Bandhan Bank is offering 5.00 percent interest rate on FDs of 7 days to 15 days. At the same time, the bank is offering 5.80 percent interest rate on FDs of 16 days to 90 days. The bank is offering 6.75% interest rate on FDs of 91 days to 180 days. At the same time, 6.75 percent on FDs of 181 days to 364 days, 7.90 percent on FDs of 365 days to 15 months, 6.15 percent interest rate on FDs of 15 months to 5 years and 5.00 percent interest on FDs of 5 to 10 years. Offering rate.

RBI increased the repo rate several times in the year 2022
Let us tell you that in order to curb inflation in the country, the Reserve Bank of India has continuously increased its interest rates. The central bank has increased its repo rate by 2.25 percent since May. After this increase, it has increased from 4.00 percent to 6.25 percent. Due to the continuous increase in the repo rate, where the bank’s deposit rates are continuously increasing. At the same time, the loan burden of the customers is also increasing continuously. In this way, the EMI of home loan, car loan, education loan of almost all banks has increased this year.

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