ICICI and Canara Bank gave good news to the common man, now there will be big profits on FD

FD Interest Rate: After the increase in the repo rate of RBI, all the banks have increased the interest rates of fixed deposits. With the increase in interest rate, now you will get more profit on investment in FD.

May 14, 2022 | 7:41 am

TV9 Hindi , Edited By: Sanjeet Kumar

May 14, 2022 | 7:41 am




The good days of those who invest money in Fixed Deposits are back.  All the banks have increased the interest rates of FD.  Many banks have increased the interest rate twice.  In this episode, public sector Canara Bank and private sector ICICI Bank have also increased the FD interest rates.  With the increase in interest rates by these two banks, investors will now get more benefits on their FDs.

The good days of those who invest money in Fixed Deposits are back. All the banks have increased the interest rates of FD. Many banks have increased the interest rate twice. In this episode, public sector Canara Bank and private sector ICICI Bank have also increased the FD interest rates. With the increase in interest rates by these two banks, investors will now get more benefits on their FDs.

Canara Bank has become the latest bank to hike FD interest rates below Rs 2 crore.  According to the bank's website, the increased interest rates on Canara Bank FD will be effective from May 12, 2022.  Canara Bank will now offer 2.90 per cent interest on FDs maturing between 7 to 45 days.

Canara Bank has become the latest bank to hike FD interest rates below Rs 2 crore. According to the bank’s website, the increased interest rates on Canara Bank FD will be effective from May 12, 2022. Canara Bank will now offer 2.90 per cent interest on FDs maturing between 7 to 45 days.

4.50 percent interest will be given on the deposits maturing in 180 days to 269 days.  The interest rate on one year FD has been revised to 5.1 percent, while on two-year FD interest rate has been revised to 5.15 percent.  Tenure from 270 days to less than 1 year will get 4.55 percent interest.  Senior citizens will get 50 basis points more interest.  According to the Canara Bank website, these interest rates will also be applicable on Recurring Deposit (RD).

4.50 percent interest will be given on the deposits maturing in 180 days to 269 days. The interest rate on one year FD has been revised to 5.1 percent, while on two-year FD interest rate has been revised to 5.15 percent. Tenure from 270 days to less than 1 year will get 4.55 percent interest. Senior citizens will get 50 basis points more interest. According to the Canara Bank website, these interest rates will also be applicable on Recurring Deposit (RD).

ICICI Bank has increased interest rates on FDs above Rs 2 crore but less than Rs 5 crore.  after the change.  The bank is now offering 3 percent interest rate on deposits maturing in 7 to 29 days, which was 2.75 percent earlier.  Earlier the interest rate on FDs maturing in 30 days to 60 days was 3 percent, but now the interest rate is 3.25 percent.  The interest rate on deposits maturing in 61 to 90 days was earlier 3.25 percent, but now it has been increased to 3.40 percent.

ICICI Bank has increased interest rates on FDs above Rs 2 crore but less than Rs 5 crore. after the change. The bank is now offering 3 percent interest rate on deposits maturing in 7 to 29 days, which was 2.75 percent earlier. Earlier the interest rate on FDs maturing in 30 days to 60 days was 3 percent, but now the interest rate is 3.25 percent. The interest rate on deposits maturing in 61 to 90 days was earlier 3.25 percent, but now it has been increased to 3.40 percent.

The interest rate on FDs maturing in 91 to 184 days was 3.5 percent, the bank increased it to 3.60 percent.  The interest rate on deposits maturing in 185 to 270 days is 3.75 per cent.  No changes have been made to this.  ICICI Bank will maintain an interest rate of 4% on deposits maturing in 271 days for tenures less than one year, and 4.5 per cent on deposits maturing in less than 1 year to 15 months.

The interest rate on FDs maturing in 91 to 184 days was 3.5 percent, the bank increased it to 3.60 percent. The interest rate on deposits maturing in 185 to 270 days is 3.75 per cent. No changes have been made to this. ICICI Bank will maintain an interest rate of 4% on deposits maturing in 271 days for tenures less than one year, and 4.5 per cent on deposits maturing in less than 1 year to 15 months.






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