Banks have been elevating their rates of interest since early 2022 because the RBI is repeatedly rising the important thing repo price with the intention to management inflation within the nation. Several banks, together with SBI, ICICI Bank, HDFC Bank and SBI, have raised their rates of interest on each deposits and loans a number of instances within the current previous. The RBI MPC just lately raised the important thing repo price by 25 foundation factors to six.50 per cent. With this, it has raised the repo price six instances by 250 foundation factors in whole since May 2022.
Here’s the comparability of the present fastened deposit (FD) rates of interest supplied by three lenders Axis Bank, HDFC Bank and ICICI Bank on deposits beneath Rs 2 crore:
Latest rates of interest on fastened deposits lower than Rs 2 crore at HDFC Bank (every year), efficient from January 24, 2023:
7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
61 days to 89 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
90 days to lower than equal to six months: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
6 months 1 day to lower than 9 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
9 months 1 day to lower than 1 yr: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 Year to lower than 15 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
15 months to lower than 18 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
18 months 1 day to lower than 21 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
21 months to 2 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
2 years 1 day to three years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years 1 day to five years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
5 years 1 day to 10 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.
Here are the newest rates of interest on fastened deposits beneath Rs 2 crore at ICICI Bank (efficient December 16, 2022):
7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.00 per cent; For Senior Citizens – 4.50 per cent
61 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
91 days to 120 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
121 days to 150 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
151 days to 184 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
185 days to 210 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
211 days to 270 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
271 days to 289 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
290 days to lower than 1 yr: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
1 yr to 389 days: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
390 days to lower than 15 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
15 months to lower than 18 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
18 months to 2 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
2 years 1 day to three years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years 1 day to five years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
5 years 1 day to 10 years: For General Public – 6.90 per cent; For Senior Citizens – 7.50 per cent.
Here are the revised rates of interest on fastened deposits beneath Rs 2 crore on the Axis Bank from February 11, 2023:
7 days to 14 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
15 days to 29 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
Here are the revised rates of interest on fastened deposits beneath Rs 2 crore on the Axis Bank from February 11, 2023:
7 days to 14 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
15 days to 29 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
8 months to lower than 9 months: 5.75 per cent for General Public; 6.00 per cent for Senior Citizens
9 months to lower than 10 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens
10 months to lower than 11 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens
11 months to lower than 11 months 25 days: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens
11 months 25 days to lower than 1 yr: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens
1 yr to lower than 1 yr 4 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
1 yr 5 days to lower than 1 yr 11 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
1 yr 11 days to lower than 1 yr 24 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
1 yr 25 days to lower than 13 months: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens
13 months to lower than 14 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
14 months to lower than 15 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
15 months to lower than 16 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
16 months to lower than 17 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
17 months to lower than 18 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
18 months to lower than 2 years: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
2 years to lower than 30 months: 7.26 per cent for General Public; 8.01 per cent for Senior Citizens
30 months to lower than 3 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens
3 years to lower than 5 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens
5 years to 10 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens.
Read all of the Latest Business News right here
