Bank of Baroda, SBI and HDFC customers will benefit from this big change
Categories: DAILY NEWS
4.4% interest on less than 1 year
At present, the bank gives an interest of 2.80 percent on FDs maturing in 7 days to 45 days. After the change made by the bank, interest of 3.7 percent will be available on maturity from 46 days to 180 days and 4.30 percent on maturity from 181 to 270 days. Interest on FDs ranging from 271 days to less than 1 year is 4.4 percent.
Maximum interest rate of 5.25 percent
At the same time, the interest rate on FDs maturing in one year is 5 percent. The interest rate on FDs of more than 1 year and up to three years is 5.1 percent. FDs above 3 years and less than 5 years have 5.25 per cent interest. Bank of Baroda is giving 5.25 percent interest for FDs above 5 years and up to 10 years. Earlier, the interest on FDs was also changed by HDFC Bank and SBI. The direct benefit of this is being given to the people making new FD.
Interest earned on FD in SBI
- 7 days to 45 days-----2.90%
- 46 days to 179 days-----3.90%
- 180 days to 210 days-----4.40%
- 211 days to less than 1 year-----4.40%
- For more than 1 year and less than two years----5.10%
- Above 2 years and less than 3 years-----5.20 %
- Above 3 years and less than 5 years -----5.45%
- For 5 years to 10 years-----5.50 %