These banks have introduced special tenure FDs with higher interest rates
Banks including SBI, IDBI Bank, Indian Bank have special fixed deposit with deadlines. Banks such as Bank of India, Canara bank and HDFC Bank has introduced new tenures with higher interest rates.Bank of India The bank has introduced a new fixed deposit tenure of 400 days (Monsoon Deposit) with the highest interest rate, according to the Bank of India website. Following the revision, the bank offers a rate of interest in the range of 3 per cent to 7.25 per cent to general customers for deposits maturing between 7 days and 10 years. The bank has introduced new tenure of 400 days, which offers highest interest rate of 7.25%.
MIN. TENOR IS 1 YEAR AND MAX. 10 YEARS)REVISED W.E.F 28.07.20237 days to 14 days315 days to 30 days331 days to 45 days346 days to 90 days4.591 days to 179 days4.5180 days to 269 days5270 days to less than 1 year5.51 Year6Above 1 Year to 399 Days6400 days (Monsoon Deposit)7.25401 days to less than 2 Years62 Years to less than 3 Years6.753 Years to less than 5 Years6.50#5 Years to less than 8 Years6.00#8 years & above to 10 Years6.00# You Might Also Like:Highest FD interest rate on which tenure: SBI vs ICICI Bank vs HDFC Bank vs Yes Bank vs PNB vs Canara Bank
HDFC Bank The bank launched two special edition fixed-rate deposits (FDs) with terms of 35 and 55 months and interest rates of 7.20 percent and 7.25 percent, respectively for general citizens. For senior citizens, the bank offers 7.60 and 7.75 percent. According to the HDFC Bank website, “Enjoy HIGHER FD Rates @7.20% on tenure 35 months and @7.25% on tenure 55 months. What's more? Senior Citizen benefits 0.50% EXTRA!...So Hurry! Valid for Limited Period only!”
TenureInterest Rate Senior Citizen Rates 7 — 14 days3.00%3.50%15 — 29 days3.00%3.50%30 — Read more on economictimes.indiatimes.com
