FD Rates: The meeting regarding the monetary policy (RBI Monetary Policy Repo Rate) of the Reserve Bank of India (RBI) has started. Soon the RBI will decide whether the policy interest rates should be cut or increased or there should be no change. Even before the RBI determines the repo rate, many banks have revised their FD rates. A lot of people do FD, so everyone wants to know about these interest rates. Let us know about such banks, which have changed the FD interest rates in the last few days.
KARNATAKA BANK
Karnataka Bank has made some changes in its FD rates from December 2. Under this, if you make FD for a period of 7 days to 10 years, you will get interest ranging from 3.5 percent to 7.5 percent. The highest interest will be 7.50 percent on FD of 375 days. If you are a senior citizen, you will get interest up to 8 percent.
What are the interest rates?
Karnataka Bank is giving 3.50 percent interest on FDs of 7 days to 45 days. On the other hand, you will get 4 percent interest on FDs of 46-90 days. If you make FDs of 91 to 179 days, you will get 5.25 percent interest. You will get 6.25 percent interest on FDs of 180 days to less than 1 year. Apart from this, 7.25 percent interest will be given on FDs of 1-2 years and 7.50 percent interest will be given on FDs of 375 days. On FDs of 2-5 years, 6.50 percent interest will be given and on FDs of 5-10 years, 5.80 percent interest will be given.
CANARA BANK
Canara Bank has changed the interest rates on FDs of less than Rs 3 crore on December 1. For common people, these changed rates range from 4 percent to 7.40 percent. If you are a senior citizen, you will get interest ranging from 4 percent to 7.9 percent.
What are the interest rates?
You will get 4% interest on FDs of 7-45 days. You will get 5.25% interest on FDs of 46-90 days. The bank will give you 5.5% interest on FDs of 91-179 days. On the other hand, you will get 6.25% interest on FDs of 180 days to 1 year. Apart from this, you will get 6.85% interest on FDs of 1-2 years, 7.30% on FDs of 2-3 years and 7.40% on FDs of 3-5 years.
These 3 banks changed the rates last month
Apart from these, Yes Bank had revised its interest rates on November 5 itself. On the other hand, Indusind Bank and IDFC First Bank had revised their interest rates on November 26 last month.
