Fixed Deposit (FD) rates: During the last 9 months, almost all the banks in the country have increased their Fixed Deposit (FD) rates. Now private sector lender City Bank has also joined this sequence. The bank has increased the interest rates on FDs of less than Rs 2 crore. After this increase in interest rates, Citibank is paying a maximum interest of 7.25% on FDs of 181 days to 400 days. According to the information received from the official website of the bank, the increased new interest rates are applicable from January 13.
7.75% interest will be available here
After this increase in the interest rate, the bank will pay 2.10% on FDs of 7 days to 14 days, 2.15% on FDs of 15 to 35 days, 3.50% on FDs of 36 days to 180 days, 7.25% on FDs of 181 days to 400 days. And is paying 3.50% interest on FDs of 431 to 1096 days. At the same time, the bank is giving 3.50% interest to its general customers and 4% to senior citizen customers on 5-year tax saving FD. In addition, the bank is offering an additional 50 basis points interest to its senior citizen customers. Senior citizen customers of the bank are getting 7.75% interest on FDs of 181 days to 400 days.
This bank is giving 8.05% interest
Earlier, RBL Bank has also increased the interest rates on FDs of less than Rs 2 crore. After this increase in interest rates, the bank will give 3.25% to 6.25% interest to its general customers on FDs of 7 days to 10 years. At the same time, the bank will give interest of 3.75% to 6.75% to its senior citizen customers on the same time period. On the other hand, the bank will give maximum interest of 7.55% and 8.05% to its senior citizen customers on FDs of 453 days and 725 days. The increased new interest rates of the bank are applicable from January 11.
