Important news for those who have Bank FD, these 2 banks have made a big change, have you also invested money?


Bank FD Rates: If you have a plan to make a fixed deposit in private sector ICICI Bank or Federal Bank or if you have done it, then the bank has made a big change from today. From today, the bank is giving more benefits to the customers, but the benefit of this increased interest will be given to those customers who have made FD of less than Rs 2 crore. The new rates of the bank have come into effect from today i.e. from May 16.

interest rates changed
Both the banks have changed the interest rates of fixed deposits. Fixed deposit facility from 7 days to 10 years is being given to the customers by the bank. Let’s check which bank is giving more interest.

ICICI Bank FD Rates-
Bank customers are getting the benefit of interest at the rate of 2.5 percent on FDs of 7 days to 29 days. Apart from this, interest will be available at the rate of 3 percent on FDs of 30 days to 90 days. Interest will be available at the rate of 3.50 percent on FDs of 91 days to 184 days. Interest will be available at the rate of 4.40 percent on FDs of 185 days to 289 days. Apart from this, interest will be available at the rate of 4.50 percent on FD of 1 year.

Federal Bank FD Rates-
Talking about the FD rates of Federal Bank, here customers are getting interest at the rate of 2.65 percent on FDs of 7 days to 29 days. Interest is getting 3.25 percent on FDs of 30 days to 45 days. Interest is getting at the rate of 3.75 percent on FDs of 46 days to 90 days. FDs of 91 days to 119 days will get 4 percent interest. 4.25 percent interest is available on FDs of 120 days to 180 days. Apart from this, 4.50 percent interest will be available on deposits from 181 days to 270 days. 4.75 percent interest will be available on deposits of less than one year. 5.40 percent interest will be available on FD of 1 year to 549 days.

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