FD and RD: Four banks increased interest on FD and RD by up to 0.75 percent

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Four banks have increased interest on FDs and RDs by up to 0.75%. HDFC Bank has increased the interest on RD by 0.50% and Axis Bank by 0.75% on FD. HDFC Bank’s new rate is applicable from October 11. Now he will pay interest up to 6.10% on RD.

Axis Bank has increased the interest on FDs by 0.75% to 6.20%. The new rate is applicable from October 14. Equitas Small Finance Bank has increased the interest rate on savings account, FD and RD.

SBI increased the rate by 0.20 percent
SBI has increased the interest rates on FDs of all tenors by up to 0.20 percent. The new rates will be applicable on FDs below Rs 2 crore. According to the bank, the increased rates are applicable from October 15, 2022. The bank has increased the interest rates on retail term deposits after a gap of two months.

Expansion

Four banks have increased interest on FDs and RDs by up to 0.75%. HDFC Bank has increased the interest on RD by 0.50% and Axis Bank by 0.75% on FD. HDFC Bank’s new rate is applicable from October 11. Now he will give interest up to 6.10% on RD.

Axis Bank has increased the interest on FDs by 0.75% to 6.20%. The new rate is applicable from October 14. Equitas Small Finance Bank has increased the interest rate on savings account, FD and RD.

SBI increased the rate by 0.20 percent

SBI has increased the interest rates on FDs of all tenors by up to 0.20 percent. The new rates will be applicable on FDs below Rs 2 crore. According to the bank, the increased rates are applicable from October 15, 2022. The bank has increased the interest rates on retail term deposits after a gap of two months.

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