Four big banks of the country including HDFC and Axis Bank have increased the interest rates on fixed deposits from July 1. HDFC Bank is offering 6.60 percent interest on one-year FD. Whereas Axis Bank is offering 6.70 percent interest on FD for one year.
HDFC Bank FD Rates: Four major banks of the country including HDFC and Axis Bank have increased the interest rates on fixed deposits from July 1. If you are also a customer of HDFC and Axis Bank, then before making an FD, definitely know about the new interest rates.
How much interest is there on one year fixed deposit?
HDFC Bank is offering 6.60 percent interest on one-year FD. While Axis Bank is offering 6.70 percent interest on FD for one year. Talking about other banks, ICICI and SBI are offering 6.70 percent and 6.8 percent interest respectively on one-year FD.
How much interest is there on 2-year fixed deposit?
HDFC Bank is offering 7 percent interest on two-year FDs. Whereas Axis Bank is offering 7.10 percent interest on FDs for two years only. Talking about other banks, ICICI and SBI are offering 7.20 percent and 7 percent interest respectively on one-year FDs.
How much interest is there on 3-year fixed deposit?
HDFC Bank is offering 7 percent interest on three-year FDs. Whereas Axis Bank is offering 7.10 percent interest on FDs for three years only. Talking about other banks, ICICI and SBI are offering 7 percent and 6.75 percent interest respectively on one-year FDs.
Bank of India and Punjab & Sind Bank also made changes
Bank of India has changed the interest rates on FDs from June 30, 2024. Bank of India is offering the highest interest of 7.80% for senior citizens for a period of 666 days. At the same time, for other individuals, it will give a maximum of 7.3% interest on FD for the same number of days.
Punjab and Sindh Bank has changed the interest rates on FD from July 1, 2024. Punjab and Sindh Bank is offering 7.80% interest for senior citizens on FD of 666 days. At the same time, for other individuals, a maximum of 7.3% interest will be given on FD for the same period.
