Bank FD Good News: Fixed Deposit is one of the safe and beneficial options for savings! In June, many banks have made changes in FD interest rates. If you are also planning to invest, then this can prove to be a golden opportunity for you! These days many banks are giving great interest on FD. Recently some banks have increased the interest rate on fixed deposits.
After increasing the interest rates continuously in the last two years by RBI, most of the banks had increased the interest rates on Fixed Deposit. The common man was happy with the good returns on FD that some banks have also started cutting it.
However, in the last two months, the increase in the interest rate on FD has slowed down more than before! Experts say that now the phase of increase in RBI repo rate may move towards the end as inflation is coming down. In such a situation, the time has started for the period of increase in FD interest rate to stop and to go down again!
Unity Small Finance Bank : Bank FD Good News
Unity Small Finance Bank has increased the interest rates (Fixed Deposit Interest Rate) on FDs of less than 2 crores! The new rates have also come into effect from June 14. The bank is giving FD Interest Rate from 4.50% to 9% on FD to common citizens! The highest interest is available on 1001 days Fixed Deposit!
IndusInd Bank Fixed Deposit Interest Rate
In the beginning of this month, IndusInd Bank has changed the interest rates (Fixed Deposit Interest Rate) on FDs of less than 2 crores. The bank is offering FD Interest Rate from 3.50 percent to 7.75 percent to the common citizens. The highest interest is available on Fixed Deposits ranging from 6 months to 2 years!
IDBI Bank
A few days ago IDBI Bank has increased the interest rates on Fixed Deposit. There has been a change in the interest rates of schemes less than 2 crores. Bank Fire is paying interest ranging from 3.50 per cent to 6.80 per cent on citizens. Amrit Mahotsav is getting the highest interest rate on FD!
Karur Vyas Bank FD Interest Rate
Karur Vyas Bank has recently changed the interest rates on Fixed Deposits. The new rates have also become effective from June 15. The bank is giving interest ranging from 4% to 7.30% to the common citizens. The highest interest is on the 444 day Fixed Deposit scheme!
Apart from these banks, many other banks have also changed the FD interest rates this month. Punjab National Bank had cut the interest rate of Fixed Deposit (FD Interest Rate) on 1st June! Apart from this, Ujjivan Small Finance Bank and RBL Bank had also increased the interest rates.
It increased: Bank FD Good News
Ujjivan Small Finance Bank various tenures from June 1, 2023! Fixed Deposit Interest Rate has been increased! The revised rates are applicable on Platina Fixed Deposit, Domestic, Recurring Deposit and NRE-FD. Ujjivan SFB from 7 days to 10 years! Provides FD Interest Rate between 3.75% to 8.25% on fixed FD!
Axis Bank cuts 0.20%
sector Axis Bank has increased the interest rate on its single term FD. The offer has been reduced by 0.20%! 7 days to 10 years after this deduction! 3.5 to 7.10 percent (Fixed Deposit Interest Rate) interest will be given on FDs with duration! Wherein, maturing in less than one year, 5 days to 13 months! Deposits will now get interest at the rate of 6.80%. Also from 13 months to less than two years! Interest will now be given at the rate of 7.10% on Fixed Deposits with tenure.
