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FD Interest Rates: Big news for FD investors! Private banks changed fixed deposits rates, check new rates here

According to the official website of ICICI Bank, interest is being given at the rate of 4.75 percent on FD ranging from Rs 2 crore to Rs 5 crore for a period of 7 days to 14 days.

The interest rates on FD have been changed by private sector HDFC Bank and ICICI Bank. ICICI Bank has implemented new interest rates for FDs ranging from Rs 2 crore to Rs 5 crore from September 5, 2023. The bank is giving interest to investors at the rate of 4.75 percent to 7.25 percent.

According to the official website of ICICI Bank, interest is being given at the rate of 4.75 percent on FD ranging from Rs 2 crore to Rs 5 crore for a period of 7 days to 14 days.

The interest on FD of 30 days to 45 days is 5.5 percent and the interest on FD of 46 days to 60 days is 5.5 percent. Apart from this, interest on FD of 61 days to 90 days has been fixed at 6 percent, interest on FD of 91 days to 120 days has been fixed at 6.5 percent.

6.5 percent interest is being given on fixed deposits of 121 days to 150 days, 6.75 percent interest is being given on FG of 271 days to 289 days. Bank interest is being given at the rate of 7.25 percent on FD of 1 year to 389 days.

HDFC Bank changes FD rates

HDFC Bank has also changed the interest rates on FDs of Rs 5 crore or more. The bank is now offering interest ranging from 4.75 percent to 7 percent on FDs worth more than Rs 5 crore.

Let us tell you that recently the Federal Bank has changed the interest rates of some selected tenure FDs ranging from Rs 2 crore to less.

Through the bank, interest is being given to common people at the rate of 7.50 percent on fixed deposits of 500 days and 7.05 percent on fixed deposits of 21 months to less than 3 years. At the same time, banks are giving interest at the rate of 0.50 percent on these tenures to the elderly.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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