Bank FD Rates: There is good news for the customers having an account in IDFC First Bank of the private sector. If you have also kept a fixed deposit in this bank, then you will get the benefit of more interest. The bank has given information about this on the official website. Interest rates have been increased on fixed deposits of less than Rs 2 crore.
Will get 1 percent more interest
Let us tell you that the new interest rates of the bank have come into effect from May 23. The bank has increased the interest rates by full 1 percent. That is, from now on you will get 1 percent more interest. So you can still have your FD car.
For how many days FD can be done
At present, the private sector bank is giving the facility of FD to the customers from 7 days to 10 years. In this, you will get the benefit of interest ranging from 3.50 percent to 6.25 percent.
Let’s check the latest rates-
Let us tell you that on FDs of 7 days to 29 days, the bank was earlier giving the benefit of 2.50 percent interest to the customers, but now customers will get interest at the rate of 3.50 percent. Along with this, interest will be available at the rate of 4 percent on FDs of 30 days to 90 days. Interest will be available at the rate of 4.50 percent on FDs of 91 days to 180 days. Interest will be available at the rate of 5.75 percent on deposits from 181 days to less than one year.
6 percent interest will be available on FD of more than 1 year
Apart from this, if you make an FD from one year to 3 years, then you will get interest at the rate of 6 percent. Interest will be available at the rate of 6.25 percent on FDs of 3 years one day to 5 years and 6 percent on deposits from 5 years one day to 10 years.
Senior citizens are getting 50 basis points more benefit
Apart from this, if we talk about senior citizens, then these people get the benefit of 50 basis points more interest. Senior citizens will get interest ranging from 4 percent to 6.75 percent.
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