FD New Interest Rate: Bank’s Special FD will earn 8% interest, see full details.

FD New Interest Rate: Fixed Deposit (FD) interest rates are on the rise, much to the delight of investors who have their savings in FDs with banks and financial institutions. However, borrowers are feeling the pinch as interest rates on loans and savings have gone up along with the FD rate hike, thanks to four repo rate hikes by the Reserve Bank between May and September. Borrowers are feeling depressed due to continuous rise in interest rates, while FD investors are enjoying high returns on their investments.

With the recent rise in fixed deposit (FD) interest rates, banks have increased returns on FD investments. These changes in interest rates are linked to benchmarks set by the Reserve Bank, and any adjustments made by the RBI are passed on to consumers through increases or decreases in interest rates on loans, savings schemes and FDs. Senior citizens generally get higher interest rates on FDs. Fincare Small Finance Bank recently announced effective October 11, 2022 Rs. FD interest rate hike announced for deposits below Rs 2 crore. This change is reflected on the official website of the bank.

Increase in Fixed Deposit Interest Rate

Fincare Small Finance Bank has updated its Fixed Deposit (FD) interest rates, offering a range of returns for different maturities. For FDs maturing between 7 days to 45 days, the bank will continue to offer an interest rate of 3%. FDs maturing between 46 days to 90 days will get a slightly higher rate of 3.5%. The interest rate will increase to 4.5% for FDs maturing between 91 to 180 days and 5.5% for FDs maturing between 181 to 364 days. The bank will offer impressive interest rates of 6.75% for FDs maturing between 12 to 24 months, 7.25% for FDs maturing between 500 days and even higher rates of 7.75% for FDs maturing more than 1000 days.

Fincare Small Finance Bank is offering an additional benefit for senior citizens looking to invest in Fixed Deposits (FD). The bank will offer 0.50% additional interest over the standard interest rate to senior citizens, irrespective of the FD tenure. This means that senior citizens will get interest at the rate of 3.50% and 8.25% on FDs maturing between 7 days to 10 years. By offering this additional benefit, Fincare Small Finance Bank is helping senior citizens increase their savings with higher returns on their FD investments.

Fincare Small Finance Bank’s website specifies that to be eligible for higher fixed deposit (FD) interest rates for senior citizens, the age of the account holder must be 60 years or above. In case of joint FD account, the senior citizen must be listed as the first holder of the account to avail the senior citizen interest rate. This information is important for those who want to invest in FDs and want to ensure that they get the highest return on their investment.

Canara Bank Special Fixed Deposit Scheme

Canara Bank has introduced a new special Fixed Deposit (FD) scheme for its customers, which offers higher returns. FDs have a maturity period of 666 days, with an interest rate of 7% for general citizens and 7.50% for senior citizens. This special FD scheme is available for deposits below Rs 2 crore and is effective from October 7, 2022. By offering this special FD scheme, Canara Bank provides its customers with an opportunity to earn higher returns on their investments.

Canara Bank announced the launch of its special Fixed Deposit (FD) scheme through a tweet, highlighting the maximum return on investment that customers can expect. The tweet said, “Maximize return on your investment now! Introducing Canara Special Deposit Scheme which offers 7.50% interest on fixed deposit investment for 666 days.” By using social media to inform its customers, Canara Bank is ensuring that everyone is aware of this opportunity to get higher returns on their FD investments.

666 Days Special FD Scheme: FD New Interest Rate

Canara Bank’s tweet highlights the interest rates offered on its 666-day Special Fixed Deposit (FD) scheme. The bank is offering an interest rate of 7% for regular customers and 7.5% for senior citizens on this FD. This is a great opportunity for both regular customers and senior citizens to get more return on their investment.

Fixed Deposit Interest Rate Canara Bank

Canara Bank has increased interest rates on its Fixed Deposits (FDs) with various maturities. The interest rate for FDs maturing in 7 days has increased to 3.25% from 2.90% and for FDs maturing in 46 days to 90 days the interest rate has increased from 4% to 4.25%. Additionally, the bank is now offering 4.50% interest rate for FDs maturing in 91 days to 179 days. This is a positive step for customers seeking higher returns on their investment with the bank.