When you are getting up to 7.40% interest on FD, then why to think elsewhere, get safe returns
Fixed Deposit Rates: Private sector lender South Indian Bank has increased its interest rates on fixed deposits of less than ₹2 crore. The bank is providing interest rates between 2.65% to 6.00% to the general public and 3.15% to 6.50% to senior citizens on FDs maturing in 7 days and 10 years. On the other hand, non-senior citizens will get a maximum return of 7.40% on the deposit period of 500 days (SIB 94 Plus). On the other hand, senior citizens will now get a maximum return of 7.50% on the deposit period of 1 year and 1 day. The latest fixed deposit interest rates of South Indian Bank will be effective from January 29, 2023.
The bank is now offering an interest rate of 2.65% on deposits of 30 days from the next 7 days. Deposits maturing in 31 days to 90 days will earn an interest rate of 3.25%. Currently, South Indian Bank is offering an interest rate of 4.25% on deposits for 91 to 99 days and 5.50% on deposits for 100 days.
read this also: Health Insurance: Layoffs continue in big companies, know why personal health insurance is necessary?
South Indian Bank FD Rates
Deposits maturing in 101 days to 180 days fetch 4.25% interest while deposits maturing in 181 days to less than a year fetch 4.60% interest. On deposits maturing in 1 year, the bank is now offering an interest rate of 6.60% and on deposits maturing in 1 year and 1 day, South Indian Bank will now offer an interest rate of 7.00%. South Indian Bank is now offering an interest rate of 6.50% on deposits of 1 year 2 days to 499 days and 7.40% on special deposits of 500 days (SIB 94 Plus).
read this also: Bank Holidays in February 2023: Banks will remain closed for 10 days out of 28 days of February, check list before knowing
Deposits maturing in 501 days to less than 30 months will fetch an interest rate of 6.50% and those maturing in 30 months will fetch an interest rate of 7.00%. On deposits with a tenure of more than 30 months to less than 5 years, the bank is now offering an interest rate of 6.50%. While deposits maturing in less than 5 years to 66 months have an interest rate of 6.00%. South Indian Bank will now offer an interest rate of 6.50% on deposits of up to 66 months (Green Deposit) and 6.00% on deposits of more than 66 months and up to 10 years.
First read breaking news in Hindi News18 Hindi| Read today’s latest news, live news updates, most reliable Hindi news website News18 Hindi.
Tags: Bank FD, business news in hindi, FD Rates, Fixed, Fixed deposits
FIRST PUBLISHED : January 28, 2023, 18:48 IST