Know How it Compares to SBI, HDFC and Others


Bank mounted deposit schemes have been probably the most favored funding over different funding instruments available in the market. While the pattern of inventory funding and mutual funds has been on an increase previously few years, FDs nonetheless stays the go-to possibility for risk-averse traders available in the market. Unlike fairness and mutual funds the place the returns rely on market fluctuations, FDs supply a assured secure charge of return. The stability issue has made FDs a most well-liked alternative for folks to maintain their hard-earned cash secure whereas anticipating some return within the course of.

Canara Bank has turn out to be the newest financial institution within the nation to extend the rate of interest provided to prospects on their mounted deposit investments. The state-owned lender has elevated the rates of interest on mounted deposits by 0.25 per cent or 25 foundation factors.

Investors will obtain curiosity at 2.90 per cent for mounted deposit investments maturing in seven to 45 days. The financial institution will supply an rate of interest of three.90 per cent on FD investments maturing in 46 days to 90 days.

Moreover, Canara Bank will supply an rate of interest of 4.40 per cent for FDs with a maturity interval of 180 days or much less. Also, prospects can get an rate of interest of 5.20 per cent on FDs with a time period interval of two to three years.

Here are the revised rates of interest on mounted deposits beneath Rs 2 crore on the State Bank of India from January 20, 2022:

7 days to 45 days: For General Public – 2.90 per cent; For Senior Citizens – 3.40 per cent

46 days to 179 days: For General Public – 3.90 per cent For Senior Citizens – 4.40 per cent

180 days to 210 days: For General Public – 4.40 per cent For Senior Citizens – 4.90 per cent

211 days to lower than 1 yr: For General Public – 4.40 per cent For Senior Cittizens – 4.90 per cent

1 yr to lower than 2 years: For General Public – 5.10 per cent For Senior Citizens – 5.60 per cent

2 years to lower than 3 years: For General Public – 5.10 per cent For Senior Citizens – 5.60 per cent

3 years to lower than 5 years: For General Public – 5.30 per cent For Senior Citizens – 5.80 per cent

5 years and as much as 10 years: For General Public – 5.40 per cent For Senior Citizens – 6.20 per cent

Bank of Baroda Latest FD Interest Rates (beneath Rs 2 crore) for General Public

7 days to 14 days: For General Public – 2.80 per cent; For Senior Citizens – 3.30 per cent

15 days to 29 days: For General Public – 2.80 per cent; For Senior Citizens – 3.00 per cent

30 days to 45 days: For General Public – 3.70 per cent; For Senior Citizens – 3.50 per cent

46 days to 60 days: For General Public – 3.70 per cent; For Senior Citizens – 3.50 per cent

61 days to 90 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

91 days to 120 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

6 months 1 days to 9 months: For General Public – 4.30 per cent; For Senior Citizens – 4.80 per cent

9 months 1 day to lower than a yr: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent

1 yr: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent

1 yr 1 day to 2 years: For General Public – 5.10 per cent; For Senior Citizens – 5.60 per cent

2 years 1 day to three years: For General Public – 5.10 per cent; For Senior Citizens – 5.60 per cent

3 years 1 day to five years: For General Public – 5.25 per cent; For Senior Citizens – 5.75 per cent

5 years 1 day to 10 years: For General Public – 5.25 per cent; For Senior Citizens – 5.75 per cent

Above 10 years (for MACT/MACAD Court Order schemes solely): For General Public – 5.10

Here are the revised rates of interest on mounted deposits beneath Rs 2 crore on the HDFC Bank from February 14, 2022:

7 days to 14 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent

15 days to 29 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent

30 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

46 days to 60 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

61 days to 90 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

91 days to 120 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

6 months 1 days to 9 months: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent

9 months 1 day to lower than a yr: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent

1 yr: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent

1 yr 1 day to 2 years: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent

2 years 1 day to three years: For General Public – 5.20 per cent; For Senior Citizens – 5.70 per cent

3 years 1 day to five years: For General Public – 5.45 per cent; For Senior Citizens – 5.95 per cent

5 years 1 day to 10 years: For General Public – 5.60 per cent; For Senior Citizens – 6.35 per cent

Here are the revised rates of interest on mounted deposits beneath Rs 2 crore on the ICICI Bank from January 20, 2022:

7 days to 14 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent

15 days to 29 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent

30 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

46 days to 60 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

61 days to 90 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

91 days to 120 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

121 days to 150 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

151 days to 184 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

185 days to 210 days: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent

211 days to 270 days: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent

271 days to 289 days: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent

290 days to lower than 1 yr: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent

1 yr to 389 days: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent

390 days to lower than 15 months: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent

15 months to lower than 18 months: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent

18 months to 2 years: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent

2 years 1 day to three years: For General Public – 5.20 per cent; For Senior Citizens – 5.70 per cent

3 years 1 day to five years: For General Public – 5.45 per cent; For Senior Citizens – 5.95 per cent

5 years 1 day to 10 years: For General Public – 5.60 per cent; For Senior Citizens – 6.35 per cent

5 Years (80C FD) – Max to `1.50 lac: For General Public – 5.45 per cent; For Senior Citizens – 5.95 per cent

Read all of the Latest News, Breaking News and Assembly Elections Live Updates right here.



Source hyperlink

Leave a Reply

Your email address will not be published.