Bank FD: This Bank has changed the interest rate of fixed deposits for its customers. Now the customers of this bank are being given the benefit of higher interest rate than before.
Bank FD: Fixed Deposit is one of the best options for savings. Many banks also offer tax rebate facility along with attractive interest on FD. RBI has not made any change in FD interest rates in the recently held Monetary Policy Committee meeting. But despite this, many banks have changed the interest rates. Recently, DCB Bank has changed the interest rate available on FDs of less than Rs 2 crore.
According to the official website of the bank, the new rates have also become effective from June 28, 2023. Senior citizens are getting 0.50 percent more interest than common citizens. At present, the bank is paying 3.75 per cent interest on FDs ranging from 7 days to 45 days. 4% interest is being received on FDs of 46-90 days, 4.75% on FDs of 91 days to 6 months and 6.25% on FDs of 6 months to less than 12 months.
DCB Bank is offering 7.25 per cent interest on fixed deposits of 12 to 15 months and 7.75 per cent interest on FDs of 18 months to less than 700 days. The highest interest is available on FDs ranging from 700 days to 36 months, the interest rate for common citizens is 8 percent and for senior citizens is 8.50 percent.
