Fixed Deposit Interest Rate Adjustments: Banks periodically update their fixed deposit services, offering varying interest rates spanning durations from 7 days to 10 years. With recent revisions introduced by the RBI, several banks are modifying their fixed deposit interest rates accordingly.
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Prominent banks like SBI, HDFC Bank, ICICI, Axis Bank, and Canara Bank have made alterations to their fixed deposit interest rates.
Axis Bank’s Latest FD Rates.
Axis Bank now offers interest rates ranging from 3.5% to 7.3% for fixed deposits spanning 7 days to 10 years. Senior citizens benefit from interest rates ranging between 3.50% and 8.05%. These new rates came into effect on August 14, 2023.
SBI Bank Latest FD Rates.
SBI is implementing interest rates ranging from 3% to 7.1% for fixed deposits of 7 days to 10 years, effective from February 15, 2023.
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Canara Bank Latest FD Rates.
Canara Bank presents interest rates between 4% and 7.25% for fixed deposits spanning 7 days to 10 years. Senior citizens can avail interest rates from 4% to 7.75%, effective from August 12, 2023.
HDFC Bank Latest FD Rates.
Customers of HDFC Bank now enjoy interest rates varying from 3% to 7.25% for fixed deposits ranging from 7 days to 10 years. Senior citizens receive interest rates ranging from 3.5% to 7.75%. These revised interest rates came into effect on May 29, 2023.
