There is some good news for customers with an account in Bank of Baroda, SBI or HDFC Bank.
The Public sector leading Bank of Baroda has changed the interest rates on fixed deposits.The bank was already providing an extra interest of 0.50 percent to the senior citizens.
The Bank of Baroda has now changed the interest rate on fixed deposits after 25th February. After this change, Bank of Baroda’s new FD interest rates went up from 2.80% to 5.25% for maturity between 7 days and 10 years.
The bank used to pay an interest of 2.80% on the FDs that mature in 7 days to 45 days. In such a situation, after the change made by the bank, there is going to be an interest of 3.7% on the maturity of 46 days to 180 days and 4.30% on the maturity of 181 to 270 days.
The interest on FDs that mature in 271 days to less than 1 year is 4.4%. Apart from this, the interest rate on FDs that mature in a year is 5%. The interest rate on FDs that mature after a year and up to 3 years is 5.1%.
HDFC Bank and SBI have also changed interest rates
Bank of Baroda is giving 5.25% interest for FDs after 5 years and up to 10 years. Previously, the interest on FDs had also been changed by HDFC Bank and SBI. The direct benefit of this is being given to the people making new FDs.
SBI FD interest:
From 7 days to 45 days: 2.90%
From 46 days to 179 days: 3.90%
From 180 days to 210 days: 4.40 %
From 211 days to Less than 1 Year: 4.40%
More than 1 Year & Less Than Two Years: 5.10%
More than 2 Years & Less Than 3 Years: 5.20 %
3 Years Above and below 5 years: 5.45%
5 years to 10 years: 5.50%
HDFC FD interest:
From 7 days to 14 days : 2.50%
From 15 days to 29 days: 2.50%
From 30 days to 45 days: 3.00%
From 46 days to 60 days: 3.00%
From 61 days to 90 days : 3.00%
From 91 days to 6 months: 3.50%
From 6 months to 9 months: 4.40%
From 9 months to 1 year:4.40%
From 1 year: 5.00%
From 1 year to 2 years: 5.00%
From 2 year to 3 years: 5.20%
From 3 year to 5 years: 5.45%
From 5 year to 10 years:5.60%
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