Fixed Deposit Interest Rates
When the coronavirus swept the globe in late 2019, the economy of almost every country in the world was in shambles. India was also not out of this list. However, every country in the world is trying to recover from the corona epidemic.
Despite all this, the world economy in 2023 is in turmoil. The Reserve Bank of India (RBI) has increased the rate to control the price increase in the country. Even in this turbulent situation, some banks are offering 7% or more interest in fixed deposit. Know what these banks are!
1. Bandhan Bank: Bandhan Bank has increased the interest rate on fixed deposits. Fixed deposits for 600 days will earn 7.50% interest for general investors. Senior citizens will get 8% interest.
2. Punjab National Bank: Punjab National Bank has added interest rates on fixed deposits. Punjab National Bank has revised the policy regarding interest rate on fixed deposits from January 1 this year. General investors will get 7.25 per cent interest on fixed deposits for a period of 666 days, while senior citizens will get 7.75 per cent interest. Besides, super senior citizens will get 8.05 percent interest.
3. Bank of India: Bank of India has hiked interest rates on fixed deposits with a tenure of 444 days. In case of 444 days fixed deposit, general investors will get interest at 7.05% interest. Senior citizens will get 7.55 percent interest. For senior citizens only, this bank is offering 7.25 percent interest on two-year or 5-year Fixed Deposits.
4. Kotak Mahindra Bank: Fixed Deposit interest rate increased Kotak Mahindra Bank (Kotak Mahindra Bank Fixed Deposit) has increased the interest rate from January 4 this year. Interest rates ranging from 2.75 percent to 7 percent are available on fixed deposits. Prabir citizens will get 7.50 percent interest.
5. Axis Bank: You can deposit money in this bank for a period starting from seven days to ten years. This bank offers interest from 3.5% to 7% for general users. Seniors will enjoy 7.75% interest. This bank will give 7.26 percent interest on fixed deposits for two years. The interest rate for senior citizens will be 8.01 percent.
If you want to make a fixed deposit for a certain period of time, then first find out the fixed deposit rates of different banks on the Internet. Then go to the specific bank and talk to the employees there and activate the fixed deposit.
