te THIS Bank offering special FD rate of 8%! IDBI, other banks offering over 7% interest rate | Check latest interest rate of banks | Zee Business

THIS Bank offering special FD rate of 8%! IDBI, other banks offering over 7% interest rate | Check latest interest rate of banks

Bank FD Rates 2022: The bank is offering 8 per cent interest rate on FDs for the general public while 8.50 per cent to the senior citizens. The revised FD interest rates are effective from November 1, 2022.

THIS Bank offering special FD rate of 8%! IDBI, other banks offering over 7% interest rate | Check latest interest rate of banks
FD is considered as a safe option by many people. Image Source: PTI

Bank FD Rates 2022: A Fixed Deposit (FD) is considered as a safe option by many people. As it is not linked to the market, the interest rates do not fluctuate and remain stable throughout the fixed deposit tenure. Along with the rising interest rates of loans, banks are also making their deposit schemes attractive. For this, they are increasing the interest rates on FDs.
 
ESAF Small Finance Bank is offering a special fixed deposit rate of 8 per cent for 999 days. The bank has offered the special FD till November 30, 2022. The bank is offering interest rates on fixed deposits in the range of 4 per cent to 8.50 per cent for the public. According to the EASAF Website, "Special FD rate of 8.00% for 999 days will be available till 30-Nov-2022.”
 
The bank is offering 8 per cent interest rate on FDs for the general public while 8.50 per cent to the senior citizens. The revised FD interest rates are effective from November 1, 2022.

IDBI Amrit Mahotsav Fixed Deposit Scheme

IDBI Bank is offering attractive interest rate for different maturities under the Amrit Mahotsav Deposits scheme. Under this scheme, IDBI Bank is giving 7.50 percent annual interest on deposits for 700 days to its customers. This attractive deposit scheme of the bank is for a limited time only. On completion of 75 years of independence, the bank has launched Amrit Mahotsav Deposit Scheme.

Recently, many banks including State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra have increased interest rates on deposits with different maturities.

Also Read | EPFO members alert! Retirement fund body relaxes withdrawal norms | Check details, EPFO interest credit for 2021-22 news

Latest interest rate of banks

 

Canara Bank

The Bank offers a special fixed deposit scheme that provides 7.50% interest rate for a tenure of 666 days. The bank under the scheme is offering a 7% interest rate for general customers, whereas senior citizens will get a 7.5% interest on this fixed deposit plan. This scheme is for the amount under Rs 2 crore.

Utkarsh Small Finance Bank

The Bank offers a fixed deposit scheme that provides upto 8.50 per cent interest rate for a tenure of 700 days. The bank under the scheme is offering a 7.75 per cent interest rate for general customers, whereas senior citizens will get a 8.50 per cent interest on this fixed deposit plan. This scheme is for the amount under Rs 2 crore.

Also Read | How India's digital rupee differs from physical notes, cryptocurrency - what experts have to say

Written By: Paras Bisht
Updated: Fri, Nov 04, 2022
11:16 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Why FD remains the preferred financial instrument for many investors Why FD remains the preferred financial instrument for many investors
SBI launches green rupee term-deposit scheme to mobile funds for climate-friendly projects SBI launches green rupee term-deposit scheme to mobile funds for climate-friendly projects
Senior Citizen FD Interest Rates: These 5 banks are giving the highest interest to senior citizens on FDs Senior Citizen FD Interest Rates: These 5 banks are giving the highest interest to senior citizens on FDs
FD Vs MSSC: Two-year investment in fixed deposit and Mahila Samman Savings Certificate; which is a better option? FD Vs MSSC: Two-year investment in fixed deposit and Mahila Samman Savings Certificate; which is a better option?
FD Rates: RBI has not increased repo rate for a long time, is this the best time to invest in fixed deposits? FD Rates: RBI has not increased repo rate for a long time, is this the best time to invest in fixed deposits?

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x