FD Rate Hike: This government bank gave great news to the customers! This rule will be applicable from tomorrow
Newz Fast, New Delhi: Indian Overseas Bank has increased the interest rate on Fixed Deposit (FD Rates) from the bank. The new rates will be applicable from Tuesday, September 13. The bank has increased the interest rates on FDs below Rs 2 crore.
Both government and private banks are increasing the rate of loans after the increase in the repo rate by the RBI in the past.
Along with this, FD rates are being increased by banks. Public Sector Indian Overseas Bank has given good news to its customers.
FDs below 2 crores increased interest rates
Indian Overseas Bank has increased the interest rate offered by the bank on Fixed Deposits (FD Rates). The new rates will be applicable from Tuesday, September 13. The bank has increased the interest rates on FDs below Rs 2 crore.
If you have lump sum amount then you can also invest it in FD. Let us know about the new interest rate of Indian Overseas Bank-
New interest rates of Indian Overseas Bank
7-29 day FD - 3.25%
FD of 30-45 days - 3.35%
FD of 46-90 days - 3.75%
FD of 91-120 days - 4.10%
FD of 121-179 days - 4.10%
180-269 day FD - 4.65%
270 days to 1 year FD - 4.65%
FD between 1-2 years - 5.50%
5.60 percent interest on FD for three years
A special FD of 444 days has been launched by the bank. In this scheme, the customer is getting an interest of 5.65 percent for 444 days.
If the customer makes an FD for two to three years, then he will get interest at the rate of 5.60 percent. Apart from this, 6 percent interest will be available on FD of 1000 days.
These banks have also increased the rate on FD
After increasing the repo rate by RBI, many banks have changed the interest rate of FD. Private sector Axis Bank has also changed FD rates. The bank has increased the interest rate by 25 basis points. Which has come into effect from 9 September.