SBI FD Rates: A few days ago, the giant public sector bank.. Bank of India (BoI) revised the fixed deposit interest rates. New interest rates have come into effect from April 1. Senior citizens get more interest compared to regular citizens. Now the interest rates are higher compared to other leading banks.. Let’s know what are the benefits.
Bank FD Rates: The giant government bank.. Bank of India has recently announced the revision of interest rates on fixed deposits. Rs. It is applicable on bank deposits below 2 crores. After the revision, interest rates in this bank are currently ranging from a minimum of 3 percent to a maximum of 7.25 percent on deposits of 7 days to 10 years. While this is for general citizens, senior citizens will get an additional 50 basis points of interest. That means they have 3.50 percent to 7.75 percent interest on these deposits. These will come into effect from April 1, 2024.
Senior citizens will get 50 basis points more interest than regular citizens on deposits after 6 months. And super senior citizens are getting 65 basis points more interest. And while senior citizens will get another 25 basis points (75 basis points in total) on deposits of three years and more, super senior citizens will get a total of 90 basis points more than regular citizens.
Regular citizens are getting 3 percent interest on deposits of 7-45 days in this bank. 4.50 percent interest on deposits of 46-179 days and 5.50 percent interest on tenure deposits of 180-269 days. 6.80 per cent interest on one to two year term deposits and 7.25 per cent maximum interest on two year term deposits. Here senior citizens are getting 7.75 percent interest.
SBI interest rates..
And the giant government bank SBI is offering interest from 3.50 percent to 7 percent on ten-year tenure deposits from a week. Senior citizens will get 50 basis points higher interest. Senior citizens get 4 to 7.50 percent interest. It came into effect from December 27, 2023.
HDFC Bank Interest Rates..
Private sector giant HDFC Bank is offering 3 to 7.25 percent interest to its general customers. Senior citizens get 3.5 percent to 7.75 percent interest. These rates will come into effect from February 9, 2024.
ICICI Bank Interest Rates..
Interest rates for general citizens in this private bank are 3 to 7.20 percent. 3.50 percent and 7.75 percent interest for senior citizens. It will be implemented from February 17, 2024.
