SBI FD Rates
The largest lender in the nation, State Bank of India (SBI), increased interest rates on fixed deposits of less than ₹2 Cr on August 13, 2022. The bank increased interest rates by 15 basis points across multiple tenors in response to the modification. On fixed deposits maturing in 5 years and up to 10 years, non-senior individuals can now receive a maximum interest rate of 5.65%, while older adults can earn a maximum interest rate of 6.45%.
IndusInd Bank FD Rates
IndusInd Bank announced a rate increase for fixed deposits under ₹2 crore on August 12, 2022. Currently, the bank offers fixed deposits with maturities ranging from 7 days to 10 years with interest rates for the general public ranging from 3.50% to 6.75% and 4.25% to 7.50% for senior citizens. The general public will now receive a maximum interest rate of 6.75% on fixed deposits maturing in 1 year 6 months to 61 months, and senior citizens will receive a maximum interest rate of 7.50%.
Axis Bank FD Rates
Axis Bank announced a rate increase for fixed deposits below ₹2 Cr on August 11, 2022. The bank increased the interest rate from 5.60% to 6.05% on fixed deposits with maturities ranging from 17 months to 18 months as a result of the modification.
Kotak Bank FD Rates
On August 10, 2022, Kotak Mahindra Bank announced a rise in the interest rate for fixed deposits below ₹2 Cr. The bank is now offering interest rates on fixed deposits with maturities ranging from seven days to ten years that range from 2.50% to 5.90% for non-senior citizens and from 3.00% to 6.40% for senior citizens.
Canara Bank FD Rates
Canara Bank increased interest rates on fixed deposits under ₹2 Cr on August 8, 2022. The bank currently offers interest rates on deposits maturing in 7 days to 10 years that vary from 2.90% to 5.75% for regular customers and 2.90% to 6.25% for senior citizens as a result of the modification.
Yes Bank FD Rates
Yes Bank increased its interest rates on fixed deposits below ₹2 crore on August 10, 2022. Yes Bank will now provide interest rates for fixed deposits maturing in 7 days to 10 years that range from 3.25% to 6.75% for the general public and 3.75% to 7.50% for elderly persons. Yes Bank will now provide a maximum interest rate on fixed deposits with maturities between three and ten years of 6.75% for non-senior citizens and 7.50% for older adults.
