How much interest will you get?
The bank is offering interest rates up to 7.40 percent per annum for general citizens. Whereas senior citizens will get interest up to 7.90 percent. The bank has also changed the interest rates on its Tricolor Plus Deposit Scheme for 399 days. In this, senior citizens will get 7.80 percent interest annually. The bank is offering 3 percent interest rate on FD kept for 7 days to 14 days. The interest rate on FD of 15 to 45 days has been increased by 50 basis points to 3.50 percent. The interest rate on FDs maturing in 46 to 180 days has been reduced to 5 percent. The interest rate on FDs of 181 to 210 days has now been increased to 5.50 percent. At the same time, the interest rate on deposits maturing between 211 to 270 days has been reduced to 6 percent.
You will get benefit by getting FD
The bank will continue to offer 6.75 percent interest rate on FDs maturing for two years. The bank has increased the interest rate on FDs maturing in two years and three years by 20 basis points. Now the interest rate for this deadline has gone up to 7.25 percent. The bank is offering 6.50 per cent interest rate on deposits for tenures up to 3 years and 10 years.