This private bank gave a gift to its customers, now they will get more interest on FD

Federal Bank has increased the interest rates on fixed deposits ie FD of less than two crore rupees. According to the official website of the bank, the new rates have come into effect from today.

Federal Bank has increased the interest rates on fixed deposits ie FD of less than two crore rupees.

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Private sector bank Federal Bank has increased the interest rates on fixed deposits ie FD of less than two crore rupees. According to the official website of the bank, the new rates have come into effect from today. After this change, the bank is now paying interest on FDs in the range of 3.00% to 6.30% for general public and 3.50% to 6.95% for senior citizens. This is an FD with a tenure of 7 days to 2223 days or more.

These are the new interest rates

The bank is now paying interest at the rate of 3.00 per cent on FDs maturing in 7 days to 29 days. At the same time, there is an interest rate of 3.25 percent on FDs with a duration of 30 to 4 days. At the same time, there will be 4.00 percent interest rate on fixed deposits with tenure ranging from 46 days to 60 days. Whereas, interest will be available at the rate of 4.25 percent on FDs ranging from 61 days to 90 days.

Federal Bank now has 4.50 per cent interest rate on FDs with tenure between 91 days and 119 days. Whereas, interest will be available at the rate of 4.75 percent on fixed deposits of 120 days to 180 days. At the same time, the bank will have an interest rate of 5.75 percent on FDs with a period of 181 days to 270 days. On the other hand, the bank is paying 6.00 per cent interest on FDs maturing in 271 days to less than one year.

On the other hand, the bank is paying 6.60 per cent interest on FDs of one year to less than 18 months. While there is an interest rate of 7.25 percent on fixed deposits with maturity of 18 months to 2 years.

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Apart from this, let us tell you that Canara Bank has also announced an increase in interest rates on fixed deposits of less than Rs 2 crore. According to the official website of the bank, the new rates will be applicable from tomorrow i.e. December 19, 2022. After the change, Canara Bank has increased the rates of bank FDs by up to 55 basis points in different tenors. Interest rates will be available from 3.25 percent to 6.50 percent for the general public and from 3.25 percent to 7 percent for senior citizens. These rates have been issued for tenure from 7 days to 10 years.

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