Bank fixed deposit schemes have been the most favoured investment over other investment tools in the market. While the trend of stock investment and mutual funds has been on a rise in the past few years, FDs still remains the go-to option for risk-averse investors in the market. Unlike equity and mutual funds where the returns depend on market fluctuation, FDs offer a guaranteed stable rate of return. The stability factor has made FDs a preferred choice for people to keep their hard-earned money safe while expecting some return in the process.
Canara Bank has become the latest bank in the country to increase the interest rate offered to customers on their fixed deposit investments. The state-owned lender has increased the interest rates on fixed deposits by 0.25 per cent or 25 basis points.
Investors will receive interest at 2.90 per cent for fixed deposit investments maturing in seven to 45 days. The bank will offer an interest rate of 3.90 per cent on FD investments maturing in 46 days to 90 days.
Moreover, Canara Bank will offer an interest rate of 4.40 per cent for FDs with a maturity period of 180 days or less. Also, customers can get an interest rate of 5.20 per cent on FDs with a term period of 2 to 3 years.
Here are the revised interest rates on fixed deposits below Rs 2 crore at the State Bank of India from January 20, 2022:
7 days to 45 days: For General Public – 2.90 per cent; For Senior Cittizens – 3.40 per cent
46 days to 179 days: For General Public – 3.90 per cent For Senior Cittizens – 4.40 per cent
180 days to 210 days: For General Public – 4.40 per cent For Senior Cittizens – 4.90 per cent
211 days to less than 1 year: For General Public – 4.40 per cent For Senior Cittizens – 4.90 per cent
1 year to less than 2 years: For General Public – 5.10 per cent For Senior Cittizens – 5.60 per cent
2 years to less than 3 years: For General Public – 5.10 per cent For Senior Cittizens – 5.60 per cent
3 years to less than 5 years: For General Public – 5.30 per cent For Senior Cittizens – 5.80 per cent
5 years and up to 10 years: For General Public – 5.40 per cent For Senior Cittizens – 6.20 per cent
Bank of Baroda Latest FD Interest Rates (below Rs 2 crore) for General Public
7 days to 14 days: For General Public – 2.80 per cent; For Senior Citizens – 3.30 per cent
15 days to 29 days: For General Public – 2.80 per cent; For Senior Citizens – 3.00 per cent
30 days to 45 days: For General Public – 3.70 per cent; For Senior Citizens – 3.50 per cent
46 days to 60 days: For General Public – 3.70 per cent; For Senior Citizens – 3.50 per cent
61 days to 90 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
91 days to 120 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
6 months 1 days to 9 months: For General Public – 4.30 per cent; For Senior Citizens – 4.80 per cent
9 months 1 day to less than a year: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent
1 year: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
1 year 1 day to 2 years: For General Public – 5.10 per cent; For Senior Citizens – 5.60 per cent
2 years 1 day to 3 years: For General Public – 5.10 per cent; For Senior Citizens – 5.60 per cent
3 years 1 day to 5 years: For General Public – 5.25 per cent; For Senior Citizens – 5.75 per cent
5 years 1 day to 10 years: For General Public – 5.25 per cent; For Senior Citizens – 5.75 per cent
Above 10 years (for MACT/MACAD Court Order schemes only): For General Public – 5.10
Here are the revised interest rates on fixed deposits below Rs 2 crore at the HDFC Bank from February 14, 2022:
7 days to 14 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent
15 days to 29 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent
30 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
46 days to 60 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
61 days to 90 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
91 days to 120 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
6 months 1 days to 9 months: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent
9 months 1 day to less than a year: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent
1 year: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
1 year 1 day to 2 years: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
2 years 1 day to 3 years: For General Public – 5.20 per cent; For Senior Citizens – 5.70 per cent
3 years 1 day to 5 years: For General Public – 5.45 per cent; For Senior Citizens – 5.95 per cent
5 years 1 day to 10 years: For General Public – 5.60 per cent; For Senior Citizens – 6.35 per cent
Here are the revised interest rates on fixed deposits below Rs 2 crore at the ICICI Bank from January 20, 2022:
7 days to 14 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent
15 days to 29 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent
30 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
46 days to 60 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
61 days to 90 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
91 days to 120 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
121 days to 150 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
151 days to 184 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
185 days to 210 days: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent
211 days to 270 days: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent
271 days to 289 days: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent
290 days to less than 1 year: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent
1 year to 389 days: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
390 days to less than 15 months: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
15 months to less than 18 months: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
18 months to 2 years: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
2 years 1 day to 3 years: For General Public – 5.20 per cent; For Senior Citizens – 5.70 per cent
3 years 1 day to 5 years: For General Public – 5.45 per cent; For Senior Citizens – 5.95 per cent
5 years 1 day to 10 years: For General Public – 5.60 per cent; For Senior Citizens – 6.35 per cent
5 Years (80C FD) – Max to `1.50 lac: For General Public – 5.45 per cent; For Senior Citizens – 5.95 per cent
Read all the Latest Business News and Breaking News here
Comments
0 comment