New Delhi: The Reserve Bank of India’s (RBI) Monetary Policy Committee hiked interest rates in an off-cycle money related approach meeting last month to battle over the top expansion. It is additionally expected to support financing costs at its next arrangement meeting, which will occur from June 6-8. Business banks are raising their deposit and interest rates because of the fixing rate hike.
ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Punjab National Bank are among the establishments that have recently raised their financing costs on the two reserve funds and advances. On accounts under Rs 2 crore, here’s a correlation of the ongoing fixed deposit (FD) interest rates presented by three moneylenders: Punjab National Bank (PNB), IDFC First Bank, and HDFC Bank:
IDFC First Bank’s FD Interest Rates
7 days to 14 days: For General Public – 3.50 percent; For Senior Citizens – 4.00 percent
15 days to 29 days: For General Public – 3.50 percent; For Senior Citizens – 4.00 percent
30 days to 45 days: For General Public – 4.00 percent; For Senior Citizens – 4.50 percent
46 days to 90 days: For General Public – 4.00 percent; For Senior Citizens – 4.50 percent
91 days to 180 days: For General Public – 4.50 percent; For Senior Citizens – 5.00 percent
181 days to under 1 year: For General Public – 5.75 percent; For Senior Citizens – 6.25 percent
1 year-2 years: For General Public – 6.00 percent; For Senior Citizens – 6.50 percent
2 years 1 day-3 years: For General Public – 6.00 percent; For Senior Citizens – 6.50 percent
3 years 1 day-5 years: For General Public – 6.25 percent; For Senior Citizens – 6.75 percent
5 years 1 day-10 years: For General Public – 6.00 percent; For Senior Citizens – 6.50 percent
HDFC Bank’s FD Interest Rate
7 days to 14 days: For General Public – 2.50 percent; For Senior Citizens – 3.00 percent
15 days to 29 days: For General Public – 2.50 percent; For Senior Citizens – 3.00 percent
30 days to 45 days: For General Public – 3.00 percent; For Senior Citizens – 3.50 percent
46 days to 60 days: For General Public – 3.00 percent; For Senior Citizens – 3.50 percent
61 days to 90 days: For General Public – 3.00 percent; For Senior Citizens – 3.50 percent
91 days to 120 days: For General Public – 3.50 percent; For Senior Citizens – 4.00 percent
a half year 1 days to 9 months: For General Public – 4.40 percent; For Senior Citizens – 4.90 percent
9 months 1 day to under a year: For General Public – 4.45 percent; For Senior Citizens – 5.00 percent
1 year: For General Public – 5.10 percent; For Senior Citizens – 5.60 percent
1 year 1 day to 2 years: For General Public – 5.10 percent; For Senior Citizens – 5.60 percent
2 years 1 day to 3 years: For General Public – 5.40 percent; For Senior Citizens – 5.90 percent
3 years 1 day to 5 years: For General Public – 5.60 percent; For Senior Citizens – 6.10 percent
5 years 1 day to 10 years: For General Public – 5.75 percent; For Senior Citizens – 6.50 percent.
Punjab National Bank’s FD Interest Rate
7 days to 14 days: For General Public – 3.00 percent; For Senior Citizens – 3.50 percent
15 days to 29 days: For General Public – 3.00 percent; For Senior Citizens – 3.50 percent
30 days to 45 days: For General Public – 3.00 percent; For Senior Citizens – 3.50 percent
46 days to 90 days: For General Public – 3.25 percent; For Senior Citizens – 3.75 percent
91 days to 179 days: For General Public – 4.00 percent; For Senior Citizens – 4.50 percent
180 days to 270 days: For General Public – 4.50 percent; For Senior Citizens – 5.00 percent
271 days to under 1 year: For General Public – 4.50 percent; For Senior Citizens – 5.00 percent
1 year: For General Public – 5.10 percent; For Senior Citizens – 5.60 percent
Over 1 year to 2 years: For General Public – 5.10 percent; For Senior Citizens – 5.60 percent
Over 2 Years to 3 Years: For General Public – 5.10 percent; For Senior Citizens – 5.60 percent
Over 3 years to 5 years: For General Public – 5.25 percent; For Senior Citizens – 5.75 percent
Over 5 years to 10 years: For General Public – 5.25 percent; For Senior Citizens – 5.75 percent.
