(SBI) has increased interest rates on select fixed deposit (FD) tenures by up to 15 basis points (bps). According to the bank’s website, the new rates will be effective from August 13, 2022 and will be applicable on FDs of less than Rs 2 crore.

With effect from August 13, 2022, the bank has increased the interest rate on FDs from 180 to 210 days to 4.55 percent. The interest rate has been increased from 5.30 per cent to 5.45 per cent for a period of one to two years. SBI has increased the interest rate on loans with terms of two to three years to 5.50 percent. The rate has been increased to 5.60% for three to five years. The bank will now offer 5.65 per cent for tenures of 5 years and up to 10 years.

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SBI hikes FD interest rates by up to 15 basis points for these tenors
The bank has increased the fixed deposit (FD) interest rates after a gap of two months. The bank has increased the FD rates by up to 40 basis points with effect from August 18, 2022. These rates are applicable on deposits below Rs 2 crore.

According to the HDFC Bank website, instead of an increase of 15 basis points in the one-year to two-year tenure, it will now earn 5.35 per cent. For a tenure of two to three years, 5.50 per cent earnings will continue to be earned. The bank increased the interest rates for the three-year one-day to five-year interest rates by 40 basis points, from 5.70 per cent earlier to 6.10 per cent.

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HDFC Bank increased FD interest rate by 40 bps during this tenure

the bank has picked up fixed deposit interest rates Up to 15 basis points for terms of one to three years (for amounts less than Rs 2 crore) beginning August 17, 2022.

The interest rate on FDs with maturity of 365 to 389 days has been increased by 15 basis points to 5.75 per cent from 5.60 per cent. The interest rates on FDs with maturities ranging from 390 days to three years have been increased by 15 basis points to 5.90 per cent from 5.75 per cent. interest rates have not been raised for a period of three to ten years; They will continue to earn 5.90 per cent.

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Kotak Mahindra Bank hikes FD, RD interest rates by up to 25 bps

PNB has increased the interest rates for fixed deposits (FDs) of less than Rs 2 crore. For some period, the bank has increased fixed deposit interest rates by up to 20 basis points (bps). According to the PNB website, the new interest rates are effective from August 17, 2022.

PNB has increased the interest rate on long-term FDs by 20 basis points. The bank will now offer an interest rate of 5.50 per cent on deposits maturing in a year, at an increase of 20 basis points. PNB has increased the interest rate on deposits maturing more than one year and up to two years by 15 basis points (bps), raising it from 5.45% to 5.50%. The bank will continue to offer an interest rate of 5.50 per cent to 5.60% on deposits maturing in more than two years and up to three years.

PNB has added a new tenure of 405 days with an interest rate of 6.10 per cent with effect from August 19, 2022. The other tenure that has been added is from 406 days to two years with an interest rate of 5.50 per cent.

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PNB hikes FD interest rates by up to 20 bps

With effect from August 11, 2022, Axis Bank increased the interest rates on fixed deposits (FDs) for a limited period (for amounts less than Rs 2 crore).

The bank has increased its fixed deposit interest rate for FDs of 17 to 18 months by 45 basis points from 5.60 per cent to 6.05 per cent. The Axis Bank website states that the interest rates remain the same for other FD tenors.