how much interest will be received
The bank is paying 3.75 per cent interest for 7-29 days, while up to 4.75 per cent for 30-45 days. The interest rate will be 5 percent for a period of 46 to 60 days. The interest rate is 5.25 per cent for a period of 61-90 days. The interest rate for a period of 91 to 184 days is 5.75 per cent. The interest rate is 6 per cent for a period of 185-270 days. The interest rate is 6.25 per cent for a period of 271 days to less than one year. At the same time, the bank is giving an interest of 6.75 per cent for a period of 1-3 years. It has been promised by the bank that it will pay 6.50 percent interest on a period of 3 years one day to 10 years.
The increase was also done on 16 November
Earlier, on November 16, 2022, the bank had increased the interest rates on fixed deposits of less than Rs 2 crore. The banker had increased interest rates by 30 basis points on fixed deposits of less than Rs 2 crore. Currently, the bank is offering 3-6.50 per cent interest on fixed deposits of less than Rs 2 crore with a tenure of 7 days to 10 years.
HDFC also increased FD interest rate
On the other hand, talking about HDFC Bank, interest rates have been increased from November 18, 2022, on fixed deposits of Rs 2 crore to Rs 5 crore. HDFC Bank is paying interest of 3.75 per cent to 6.25 per cent for a period of 7 days to 10 years. At the same time, senior citizens will be given 4.25 percent to 7 percent interest. Let us tell you that banks have increased the interest rates in the recent past. The Reserve Bank of India has increased interest rates to control inflation.