If you also have an account in these banks, then this is how you will earn big money! Interest rates have increased to this extent, see
New Delhi: After the Corona period, everyone wants to invest for themselves, so that huge amount can be raised in future. Many such schemes are being operated from bank to post office to save money. In which your money can be invested. And fatter returns can be found. So in the same country, Fixed Deposit ie FD is considered the best option for investment in the country. Due to which people start getting a lot of money, then they invest in it. If you are thinking of getting an FD, then you must read this news, otherwise it can be a loss.
Let us tell you that recently RBI has increased the repo rate. After which many banks are increasing the interest rate on fixed deposits one after the other. Kotak Mahindra Bank, Karur Vysya Bank and City Union Bank have increased FD interest rates in the last few days. Due to which there is a chance to earn big money by getting FD done here.
City Union Bank
After the RBI increased the repo rate, City Union Bank has also updated the interest rates on FDs. The bank is giving 4 to 6 percent interest to its general customers. At the same time, senior citizens are getting interest ranging from 4 to 6.25 percent. 5.60 percent on 400 days FD, 5.75 percent on 700 days FD, 5.60 percent on FDs of more than 3 years and less than 10 years and 6 percent on tax saver FDs. The bank has implemented the new rates from September 1, 2022.
Kotak Mahindra Bank
Kotak Mahindra Bank is one of the leading banks in the private sector in India. This bank is paying 6% interest on FDs maturing in 390 days to 23 months, let us tell you that the new rates have come into effect from September 6, 2022. 6.10 percent is available on FDs ranging from 23 months to less than 2 years. 6% interest is being given on FDs of 2 to 10 years and 6.10% on FDs of 23 months to less than 2 years. The same is getting 6 percent interest on FDs of two years to less than three years, 6 percent interest on FDs of more than 3 years but less than 4 years.
Karur Vysya Bank
The name of Karur Vysya Bank is also included in the banks which have increased the interest rates of FD. This bank is paying 4 percent interest on FDs maturing in 7 to 30 days. 5.25 percent is being given on FDs maturing in 31 days to 45 days, 5.25 percent interest is also being given on FDs maturing in 46 to 90 days. Similarly, Karur Vysya Bank is also getting 5.25 percent on FDs maturing in 91 to 120 days. Let us tell you that the new rates have come into effect from September 6, 2022.
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