Fixed Deposit Interest Rates: These five biggest banks of the country give hefty returns on FDs, see full list

From May 2022 to January 2023, RBI has increased the repo rates by 2.50 percent. After which the repo rate has become 6.50 percent, which is the highest after August 1, 2018.

On Wednesday, the members of the Monetary Policy Committee of the Reserve Bank of India have increased the repo rate for the 6th time in a row. After this increase, where the interest rates of the borrowers will increase, at the same time the banks will increase the interest rates of their FD scheme. From May 2022 to January 2023, RBI has increased the repo rates by 2.50 percent. After which the repo rate has become 6.50 percent, which is the highest after August 1, 2018. Let us also tell you that which major banks are paying how much interest on FD.

1. SBI is offering interest rate between 3% to 6.75% on FDs ranging from 7 days to 10 years. These interest rates are applicable from 13 December 2022.
2. HDFC Bank offers an interest rate of 3% to 7% on FDs ranging from 7 days to 10 years on FDs below Rs 2 crore. These rates are applicable from January 24, 2024.
3. ICICI Bank offers an interest rate of 3% to 7% on FDs of less than Rs 2 crore for tenures ranging from 7 days to 10 years. These rates are applicable from December 16, 2022.
4. Union Bank of India offers an interest rate of 3% to 7.30% on FDs of less than Rs 2 crore with tenors ranging from 7 days to 10 years. These rates are applicable from November 25, 2022.
5. Kotak Mahindra Bank offers an interest rate between 2.75% to 7% on FDs of less than Rs 2 crore from 7 days to 10 years. These rates are applicable from January 16, 2023.