Over the past year, RBI has aggressively raised the repo rate. Banks boosted the rate of FDs as a result, which had the desired impact. Banks provide regular clients and senior citizens with competitive interest rates. Some banks provide an annual interest rate on FDs of up to 8.50 percent. Tell us the interest rates for five banks.
Axis Bank
For one year, 7.26% for two years, and 7.00% for three years, Axis Bank is providing 6.75%. For each of the three tenures, seniors receive an additional 0.75% interest.
Bandhan Bank
The interest rates given by Bandhan Bank were 7.25% for one year, 8.00% for 600 days, 7.25% for two years, and 7.25% for three years. Every tenure includes an additional 0.50% interest rate for seniors.
RBL Bank
is giving out 7.00% for a year, 7.80% for a week, 7.00% for two years, and 7.00% for three years. The bank is giving older folks an extra 0.50% in interest.
IDFC First Bank
The interest rates offered by IDFC First Bank are 6.75% for one year, 7.25% for two years, and 7.75% for three years. The bank is providing an additional 0.50% interest rate on each of the three terms.
DCB Bank
For one-year FDs, DCB Bank is offering 7.25% interest; for two-year FDs, 8.00%; and for three-year FDs, 7.60%. On each of the three tenures, DCB is additionally providing an additional interest rate of 0.50%.
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