Bank FD Rates Increase: These 4 banks increased interest on FD, get up to 9% interest immediately, know details

Bank FD Rates Increase: These 4 banks increased interest on FD, get up to 9% interest immediately, know details.

 

 

Bank FD Rates Increase: These 4 banks increased interest on FD, get up to 9% interest immediately, know details

 

 

Home Personal Finance Bank FD Rates Hike: These 4 banks increased interest…
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Bank FD Rates Increase: These 4 banks increased interest on FD, get up to 9% interest immediately, know details
By Parvesh Maurya- May 25th, 20230722
Bank FD Rates Hike: These 4 banks increased interest on FD, get RD fast, up to 9% interest, know details
Bank FD Rates Hike: These 4 banks increased interest on FD, get RD fast, up to 9% interest, know detailsBank FD rates increased: In May, many banks have increased interest rates on fixed deposits. Four banks that have increased interest rates by more than 9 per cent this month.

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Bank FD rates hiked: The Reserve Bank of India has kept the repo rate unchanged. But many banks have increased the interest rates of fixed deposits in May. FD is considered a safe and beneficial option for savings. Many customers prefer to invest in FD instead of savings account. Many banks have changed the interest rates of fixed deposits this month. The list also includes Punjab National Bank, Kotak Mahindra Bank and Union Bank. There are 4 banks which are paying very high interest on FD.

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Ekta Small Finance Bank

This bank has recently increased the interest rate on fixed deposits. The new rates have also come into effect from May 2. On FD of 1001 days, the bank is giving a maximum interest of 9 percent to the common citizens. Along with this, 9.5 percent interest is being offered to senior citizens.

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Kotak Mahindra Bank

It is one of the famous banks of the country. Kotak Mahindra Bank has also increased the interest rate on fixed deposits. The new rates have also come into effect from May 11. The bank is offering interest ranging from 2.75% to 7.20% on various FD schemes to the common citizens. And the interest rate for senior citizens ranges from 3.25% to 7.70%.

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Suryoday Small Finance Bank

This bank is also offering attractive interest on FD. The new rates are effective from May 5. Interest rates have been increased for FDs of less than Rs 2 crore. The bank is offering 4% to 9.1% interest on FDs of 7 days to 10 years to general customers. Along with this, 0.5 percent more interest is being given to senior citizens.

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DCB Bank (DCB Bank)

The bank has also increased the interest rates on FDs of less than Rs 2 crore. The new rates are effective from May 8. The bank is offering a maximum interest of 8 per cent to general customers and 8.5 per cent to senior citizens.

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