Recently three banks have changed the interest rates of fixed deposits. Interest rates for FDs below Rs 2 crore have been revised. New interest rates have also been implemented.
Bank FD Rates: Fixed deposit is considered a better option for investment. Recently three banks have changed FD interest rates. Punjab and Sind Bank, IDFC Bank and Yes Bank are included in this list. The new interest rates have also come into force. If you are planning to invest in FD then this news can be useful for you.
Yes Bank increased interest on FD
The bank has increased the interest rates on FDs of less than Rs 2 crore by 10 basis points. Interest ranging from 3.25 per cent to 7.75 per cent is being offered to common citizens. At the same time, senior citizens are getting a maximum interest of 8.25 percent. The highest interest is being received on FDs ranging from 18 months to 36 months. The rates for common citizens are 7.75%, while for senior citizens the rates are 8.25%.
Punjab and Sind Bank Interest Rates
This public sector bank has revised the interest rates for FDs of less than Rs 2 crore. The new rates have also come into effect from July 1. The bank is currently offering interest ranging from 2.80 per cent to 7.10 per cent. The highest interest is being received on 400 days FD scheme, the rates are 7.10 per cent.
IDFC Bank interest rate
IDFC Bank has also changed the interest rates for fixed deposits below Rs 2 crore. The new rates have come into effect. The bank is offering interest ranging from 3.50 per cent to 7.50 per cent to general customers. The highest interest is available on FD schemes ranging from 1 year 1 day to 500 days.
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