Last Updated: March 02, 2023, 13:08 IST
The financial institution is providing 5% curiosity for deposits maturing in 91-180 days and 6.75% for the 181-Three hundred and sixty six days tenor.
IDFC First Bank is providing a minimal curiosity of three.50% and a most curiosity of seven.75% on fastened deposits below Rs 2 crore.
The IDFC First Bank and Equitas Small Finance Bank have hiked their rates of interest on fastened deposits. This comes almost a month after the Reserve Bank of India (RBI) raised the repo price by 25 foundation factors to six.5%.
According to the revised charges, IDFC First Bank is providing a minimal curiosity of three.50% and a most curiosity of seven.75% on fastened deposits below Rs 2 crore. The non-public lender provides a 0.50% increased rate of interest on fastened deposits for senior residents. https://www.idfcfirstbank.com/personal-banking/deposits/fixed-deposit/fd-interest-rates
After the hike, which got here into impact on March 1, IDFC First Bank’s fastened deposit rate of interest for a tenor of seven to 14 days and 15 to 29 days is 3.50%. For the 30-45 days tenor, the rate of interest is 4% whereas for 46-90 days, the speed is 4.50%.
The financial institution is providing 5% curiosity for deposits maturing in 91-180 days and 6.75% for the 181-Three hundred and sixty six days tenor. The most rate of interest of seven.75% is given on fastened deposits having a tenor of 549 days to three years. For each tenor, senior residents get .50% increased curiosity on fastened deposits.
For fastened deposits of Rs 2 crore to Rs 5 crore, IDFC First Bank is providing a most curiosity of Rs 7.60% and a minimal curiosity of 5.25%.
Equitas Small Finance Bank Limited has additionally purchased a hike in its fastened deposit rates of interest efficient from March 1. The charges have been revised for deposits of lower than Rs 2 crore. Customers will now get 3.5% curiosity on fastened deposits maturing in 7 days to 29 days and 4% on deposits having tenor of 30-45 days. The financial institution is providing the very best curiosity of 8.20% for tenor of 888 days. https://www.equitasbank.com/fixed-deposit
The rate of interest for 3 years, 1 day to 4 years tenor is 7.25%, and seven% for 4 years, 1 day to five years and 5 years, 1 day to 10 years tenor.
Read all of the Latest Business News right here
