Banks Interest On FD: Bank of India has introduced a new bulk deposit scheme in which 7.50 percent interest will be given on deposits of Rs 2 crore and above for 175 days. Apart from this, DCB Bank has announced a ‘Happy Savings Account’ in which account holders will get ‘cashback’ on transactions done through UPI.
Happy Savings Account
The special fixed deposit is only for deposits in Rs. This offer is for a limited period. The new rate has come into effect from January 1. Meanwhile, private sector DCB Bank has announced ‘Happy Savings Account’. DCB Bank said in a statement that under this, account holders will get ‘cashback’ on transacting through UPI within the country.
These banks also increased interest rates
DCB Bank has increased the interest rates for fixed deposits of less than Rs 2 crore. The new rates came into effect from December 13, according to which the interest rate has been fixed at 8 percent for general customers and 8.60 percent for senior citizens. Kotak Mahindra Bank has also increased the interest rates. Now the bank is giving interest ranging from 2.75 percent to 7.25 percent to investors on FD. These interest rates came into effect on December 11, 2023. Federal Bank has increased the interest rates on FD from December 5, 2023. In this, interest up to 7.50 percent is being given for FD of 500 days.
