SBI, HDFC increase FD interest rates; check latest rates
India Today
Fixed deposit (FD) is considered as one of the safest savings options and one can definitely park money in the top two public and private banks.
State Bank of India (SBI) and HDFC Bank have increased interest rates for fixed deposits (FD). This comes after the Reserve Bank of India (RBI) on February 10 decided to keep repo and reverse repo rates unchanged.
The FD is considered as one of the safest savings options and one can definitely park money in the top two public and private banks.
SBI has increased interest rates for FD with effect from February 15, 2022.
The interest rate on FDs from two-year to three-year has been hiked by 10 basis points.
SBI offers 2.90 per cent interest rate of FDs from 7 days to 45 days.
An interest rate of 3.90 per cent is offered on FDs from 46 days to 179 days.
SBI offers an interest rate of 4.40 per cent on FDs from 180 days to 210 days and 211 days to one year.
