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 occasions within the latest previous because of the back-to-back repo charge hikes by RBI. The RBI MPC will once more meet subsequent week to resolve on the rate of interest hike. As the banks have increase their FD rates of interest, these have change into engaging now. Here’s the comparability of mounted deposit (FD) rates of interest:
The RBI MPC in February raised the important thing repo charge by 25 foundation factors to six.50 per cent. With this, it has raised the repo charge six occasions by 250 foundation factors in complete since May 2022.
Here’s the comparability of the present mounted deposit (FD) rates of interest supplied by three lenders ICICI Bank, PNB, HDFC Bank and on deposits beneath Rs 2 crore:
Here are the most recent rates of interest on mounted deposits beneath Rs 2 crore at ICICI Bank (efficient February 24, 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 – 4.25 per cent; For Senior Citizens – 4.75 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 – 5.75 per cent; For Senior Citizens – 6.25 per cent
211 days to 270 days: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
271 days to 289 days: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
290 days to lower than 1 yr: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 yr to 389 days: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
390 days to lower than 15 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
15 months to lower than 18 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
18 months to 2 years: For General Public – 7.10 per cent; For Senior Citizens – 7.60 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.
Latest rates of interest on mounted deposits lower than Rs 2 crore at HDFC Bank (each year), efficient from February 21, 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 – 7.10 per cent; For Senior Citizens – 7.60 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.
Latest rates of interest on mounted deposits beneath Rs 2 crore on the Punjab National Bank (each year) efficient from February 20, 2023:
7 days to 14 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
15 days to 29 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
91 days to 179 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
180 days to 270 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
271 days to lower than 1 yr: For General Public – 5.80 per cent; For Senior Citizens – 6.30 per cent
1 yr: For General Public – 6.80 per cent; For Senior Citizens – 7.30 per cent
Above 1 yr to 665 days: For General Public – 6.80 per cent; For Senior Citizens – 7.30 per cent
666 days: For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent
667 days to 2 Years: For General Public – 6.80 per cent; For Senior Citizens – 7.30 per cent
Above 2 years as much as 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
Above 3 years as much as 5 years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent
Above 5 years to 10 years: For General Public – 6.50 per cent; For Senior Citizens – 7.30 per cent.
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