The decisions taken in the monetary policy review meeting of the Reserve Bank of India will be announced on Friday i.e. tomorrow. This meeting started from 4 October 2023. Even before the decision of this meeting, many banks of the country have changed their interest rates. Let us know how much interest rate will be available on FD scheme now?
Many private banks of the country have changed FD interest rates before the monetary policy decisions. The decision of the RBI Monetary Policy Committee review meeting will be announced on 6 October 2023. In the last three meetings, it has been decided to keep the repo rate stable. Come, let us know what is the FD interest rate of banks in the country now?
Punjab and Sindh Bank
Punjab and Sindh Bank offers interest rates of 2.80 percent and 7.40 percent on FDs of 7 days to 10 years. These rates have come into effect from 1 October 2023. The bank has revised the interest rate for FDs less than Rs 2 crore.
IDFC First Bank
IDFC First Bank has changed its fixed deposit interest rate from 7 days to 10 years. The new interest rates have been implemented on FDs of less than Rs 2 crore . These rates have come into effect from 1 October 2023. Now the new interest rates are from 3 percent to 7.50 percent.
IndusInd Bank
IndusInd Bank is offering interest rates between 3.50 percent to 7.85 percent for FD of Rs 2 crore for 7 days to 10 years. Whereas senior citizens are getting the highest interest rates of 8.25 percent. These rates have come into effect from 1 October 2023.
Karnataka Bank
Karnataka Bank is offering FD interest rates of 7 days to 10 years from 3.50 percent to 7.25 percent. These rates have come into effect from 1 October 2023. The bank has revised the interest rate of FD of Rs 2 crore.
