Bank FD fee hike: 4 govt banks providing greater than 7% on fastened deposit scheme

Banks have been elevating rates of interest on fastened deposits (FDs) following consecutive repo fee hikes by the Reserve Bank of India (RBI). Among the lenders which have not too long ago raised rates of interest on time period deposits are the State Bank of India (SBI), Bank of Baroda (BOB), HDFC Bank, ICICI Bank, Bank of India, Canara Bank, Union Bank of India, IDFC First Bank, 

Here are 4 govt banks providing greater than 7% on fastened deposit (FD)

Bank of Baroda FD charges

Bank of Baroda (BoB) has launched “Baroda Tiranga Plus Deposit Scheme”, with greater normal rates of interest of as much as 7.50% p.a. for 399 days with impact from 1st November 2022, which incorporates 0.50% p.a. for senior residents and 0.25% for non-callable deposits. On Baroda Tiranga Plus Deposit Scheme of 399 Days, BoB will provide an rate of interest of 6.75% for most of the people, 7.25% for senior residents underneath the callable possibility, whereas underneath the non-callable possibility, most of the people, NRE/NRO depositors will get an rate of interest of seven% and senior residents will get an rate of interest of seven.50%.

Bank of India FD charges

Bank of India (BOI) has provide you with a particular fastened deposit scheme providing greater rates of interest. BOI at this time annonced ‘Star Super Triple Seven Fixed Deposit’ scheme, it’s a limited-time provide. As the title implies, underneath the newly launched Fixed Deposit Scheme depositors can earn an rate of interest of seven.25% and as much as 7.75% for senior residents on a deposit for 777 days.

Union Bank Of India FD charges

Union Bank of India affords curiosity starting from 3% to 7% on FDs with maturities starting from 7 days to 10 years. on the maturity interval of 599 days.

Canara Bank FD charges

Canara Bank has launched a particular fastened deposit plan for a tenure of 666 days. According to this plan, the lender is providing an rate of interest of seven% to its common prospects, whereas senior residents will obtain 7.5% on these deposits.

Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Topics