Bank FD rates: ICICI, HDFC revise interest rates on these fixed deposits. Details here | Mint
Active Stocks
Tue Feb 27 2024 15:57:55
  1. State Bank Of India share price
  2. 749.70 -1.23%
  1. Tata Steel share price
  2. 144.15 1.09%
  1. Power Grid Corporation Of India share price
  2. 292.50 1.65%
  1. Sun Pharmaceutical Industries share price
  2. 1,579.10 1.42%
  1. ITC share price
  2. 411.15 0.48%
Business News/ Money / Personal Finance/  Bank FD rates: ICICI, HDFC revise interest rates on these fixed deposits. Details here
BackBack

Bank FD rates: ICICI, HDFC revise interest rates on these fixed deposits. Details here

Apart from ICICI, HDFC Bank, Bank of India, Federal Bank too have revised rates on fixed deposits

The ICICI Bank FD Rates are effective from 6 December 2023, the bank website said. (Mint)Premium
The ICICI Bank FD Rates are effective from 6 December 2023, the bank website said. (Mint)

Private sector lender ICICI Bank has revised the Fixed Deposit (FD) rates for single deposit of 2 crore and above but less than 5 crore for general public and senior citizens. The ICICI Bank FD Rates are effective from 6 December 2023, the bank website said.

ICICI Bank gives 4.75% to 7.25% on deposits maturing in seven days to ten years to general as well as senior citizens. On deposits of more than 2 crore but less than 5 crore, ICICI Bank does not offer any extra interest rate for senior citizens.

 

 

The ICICI Bank FD Rates are effective from 6 December 2023, the bank website said.
View Full Image
The ICICI Bank FD Rates are effective from 6 December 2023, the bank website said.


HDFC Bank revises FD rates on these deposits

HDFC Bank has also revised their fixed deposit (FD) rates on amounts above 5 crore, effective 6 December 2023.

Recently, HDFC Bank has revised its interest rates on non-withdrawable fixed deposits.

 

HDFC Bank revises FD rates on these deposits.
View Full Image
HDFC Bank revises FD rates on these deposits.

Federal Bank revises FD rates

Federal Bank has revised its deposit interest rates effective from December 5, 2023. For deposits made by both residents and non-residents, the interest rate has been raised to 7.50% for 500 days. For senior citizens, Federal Bank is now giving a maximum return of 8.15% for 500-day tenures and 7.80% for tenures beyond 21 months to less than three years.

Bank of India, one of the leading public sector banks in India, has increased rates of its fixed deposits for its customers & general public (for 2 crore and above to less than Rs.10 crore) with effect from 1st December, 2023.

Bank has increased its fixed deposit rates for shorter periods i.e. “46 days to 90 days" tenure to 5.25%, “91 days to 179 days" tenure to 6.00%, for “180 days to 210 days" tenure to 6.25%, for “211 days to less than 1 Year" tenure to 6.50% and for “1 Year" tenure to 7.25% p.a.

This comes just days ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on December 8. The central bank MPC meeting which started today will be concluded on December 8, 2023. RBI Governor Shaktikanta Das will unveil the decision of the committee on the morning of December 8.

 

 

 

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 06 Dec 2023, 02:57 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App