Here is a list of banks that have increased their FD Interest Rates in the last two weeks.
FD interest rate
(SBI) has increased fixed deposit (FD) interest rates by up to 20 basis points (bps) on certain tenors with effect from June 14, 2022, for deposits below Rs 2 crore. Both fresh deposits and renewal of mature accounts will be subject to specified interest rates.
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SBI hikes FD interest rates by 20 basis points for these periods
FD interest rate
public sector bank
(PNB) has increased the interest rates on various tenors of Fixed Deposits (FDs). The increase will be effective from June 14, 2022. PNB has increased the interest rate on deposits for one and two years from 5.10 per cent to 5.20 per cent.
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PNB hikes FD interest rates on these tenors: Check latest rates
FD interest rate
HDFC Bank has raised fixed deposit (FD) interest rates twice in a week. The bank has increased the FD rates by up to 25 basis points with the new rates effective from June 17, 2022. These rates are applicable on deposits of less than Rs 2 crore.
According to the HDFC Bank website, from 7 days to 29 days, the earning on FD will now increase from 2.50 percent to 2.75 percent. For a period of 30 days to 90 days, the bank will now offer 3 per cent to 3.25 per cent.
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HDFC Bank raised FD interest rates for the second time this week
FD interest rate
ICICI Bank also hiked fixed deposit (FD) interest rates twice on multiple tenors, this time by 5 basis points for amounts below Rs 2 crore. The highest rates will be effective from June 22, 2022. ICICI Bank will now offer interest rates ranging from 2.75 per cent to 5.75 per cent for tenures ranging from 7 days to 10 days.
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ICICI Bank again hikes FD interest rates for select periods
FD interest rate
organization
With effect from June 16, 2022, fixed deposit interest rates for amounts below Rs 2 crore have been revised. The bank offers interest rates ranging from 3% to 5.80% for tenures ranging from 7 days to 10 years.
According to the Union Bank of India website, the interest rate on fixed deposits of one to two years has been increased to 5.45 percent. The interest rate available for two to three years has been reduced to 5.50 per cent.
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Union Bank of India revised FD interest rates
FD interest rate
Axis Bank has increased fixed deposit (FD) interest rates on specified tenures for deposits of less than Rs 2 crore, with effect from June 16, 2022. According to the Axis Bank website, the interest rate remains unchanged for a period of less than one year. Further, the deposit interest rate for 5 to 10 years remains unchanged at 5.75 per cent.
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Axis Bank hikes FD interest rate by up to 50 bps on select tenors: Check latest rates
FD interest rate
With effect from June 21, 2022, IndusInd Bank has increased the interest rates on fixed deposits of less than Rs. 2 crores. Following the change, the bank increased the interest rates on various deposit tenures, giving a maximum rate of 6.50 per cent to the general public and 7 per cent to the seniors. The bank offers 6% interest rate on fixed deposits of 61 months or more. For tenors ranging from two years to 61 months, the bank offers an interest rate of 6.50 per cent.
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IndusInd Bank, DCB Bank, Federal Bank hike FD interest rates
FD interest rate
DCB Bank has increased the interest rate on fixed deposits of less than Rs 2 crore for a period of more than 18 months. The revised prices will be effective from June 22, 2022.
After the change, 6.60 per cent will now be offered on investments from 18 months to less than 120 months.
FD interest rate
Fixed deposit rates have been revised by Federal Bank for deposits below Rs 2 crore. The bank’s new interest rates will be effective from June 22, 2022 and will be applicable on loan tenures ranging from 7 to 2223 days. The bank offers interest rates ranging from 2.75 percent to 5.95 percent.
FD interest rate
Canara Bank has introduced a new term for Fixed Deposit (FD). According to the Canara Bank website, the bank has set up a new scheme of 333 days with an interest rate of 5.10 percent. Senior citizens will get 5.60 per cent for the same period. It will be effective from June 23, 2022. Bulk deposits are not allowed for this period.
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Canara Bank introduces new FD tenure: Check latest interest rates
Bank Of India FD Interest Rate
Bank of India has revised fixed deposit interest rates on various tenors for amounts below Rs 2 crore, with effect from June 23, 2022. The bank’s interest rates range from 2.85 percent to 5.50 percent.
Read more:
Bank of India revises FD rates for select tenors: Check latest rates