FD interest rates: Fixed Deposit (FD) has always been a good and popular option when it comes to investment. FD has less safety and stable return than other options. But interest rate always plays a very important role when we invest. People like to invest in bank FDs where attractive interest rates are available.
The Reserve Bank of India (RBI) kept the repo rate steady again in June. Several banks are revising FD interest rates after RBI keeps repo rate stable. Several banks revised FD interest rates in May and June. Here is the details of banks which have revised FD interest rate in the month of June Read more….
IDBI Bank
IDBI Bank has recently revised the FD interest rates. This revised interest rate is applicable only on FDs of less than Rs 2 crore. This revised interest rate will be effective from June 14, 2023. The bank offers interest rates ranging from 3% to 6.80% to general citizens. These interest rates depend on the tenure of the FD. The bank offers an interest rate of around 7.15 percent for Amrita Mahotsava FD.
RBL Bank
RBL Bank has revised the interest rate on fixed deposits with effect from June 1, 2023. The bank now offers an interest rate of 3.50 per cent to 7.80 per cent on FDs below Rs 2 crore. After the interest rate revision, the maximum interest rate is 7.80 percent. This interest rate is applicable on FDs with tenor less than 15 months to 24 months.
Unity Small Finance Bank (SFB)
Unity Small Finance Bank (SFB) has revised the interest rate on FDs below Rs 2 crore. This new interest rate will be effective from June 14, 2023. Common people are given 4.50% to 9% interest rate in the bank. The maximum interest rate in the bank is 9 percent. This interest rate is given for 1001 days FD.
PNB
According to the PNB website, Punjab National Bank (PNB) has reduced the interest rate on single-term FDs of less than Rs 2 crore. From June 1, 2023, the revised rates will be effective. PNB now offers attractive interest rates ranging from 3.50 percent to 6.80 percent to general citizens. 4% to 7.55% for senior citizens and 4.30% to 8.5% for super senior citizens.
Ujjeevan Small Finance Bank
Ujjivan Small Finance Bank is revising the interest rate on FDs of different tenures from June 1, 2023. Ujjivan SFB now offers an interest rate of 3.75 per cent to 8.25 per cent on FD.
IndusInd Bank
IndusInd Bank has introduced interest rates on FDs below Rs 2 crore. This interest rate will be effective from June 2, 2023. The bank offers interest rates ranging from 3.50 percent to 7.75 percent to general citizens. The bank offers an interest rate of 7.75 percent for a period of 1 year six months to two years. This is the maximum interest rate. Interest rates for senior citizens range from 4% to 8.25%.
