RBL And Dhanalakshmi Bank Increased Interest Rates On FDs

RBL and Dhanalakshmi Bank increased interest rates on FDs, and IDFC will give more interest on First Savings Account.

RBL and Dhanalakshmi Bank have increased interest rates on FDs. Apart from this, IDFC First Bank has increased the interest rate on savings accounts.

The increase in the interest rate on FD has been made on deposits of less than Rs 2 crore. The rate hikes on FDs by RBL and Dhanalakshmi Bank have come into effect from July 22 and July 20 respectively.

At the same time, the new interest rates on IDFC First Bank Key Savings Account have been implemented from July 20.

According to the website of RBL and Dhanalakshmi Bank, senior citizens are being given 0.50 percent additional interest on FD over the normal interest rate.

It is worth noting that many banks have increased the interest rates of both loans and FDs after the repo rate hike by the RBI. Let us know in detail about the new interest rates of the three banks.

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New Interest Rates of RBL Bank.

Bank has increased the interest rate on FD with a maturity period of 12 months to 60 months. Apart from this, the old rate of interest on FD with other maturity is retained.

The bank has increased the interest rate from 6.25 percent to 6.50 percent on FDs of more than 12 months and less than 15 months.

At the same time, now customers will get interested in 7 percent instead of 6.65 on 15 months FD.

FD for 15 months, 1 day, and less than 24 months will now get 6.50 percent interest, and FD for 24 months and less than 36 months will get 6.75 percent interest.

After this, customers will get 6.55 percent interest on FD for 36 months to 60 months which was 6.30 percent earlier.

Dhanlaxmi Bank.

IDFC Bank has increased the interest rate on FDs with a maturity period from 555 days to 1111 days. The bank has increased the interest rate on 555-day FD from 5.55 percent to 5.80 percent.

At the same time, the interest on 1111-day FD has been increased by 0.30 percent to 6.05 percent. Apart from this, the old rate of interest on FD remains unchanged for all other periods.

IDFC First Bank Savings Account.

A savings account of Rs 10 lakh in a bank will earn 4% interest.

Apart from this, you will get 6% interest on savings of Rs 10-25 lakh. 25 crores to 100 crores will get 5% interest, 100-200 crores will get 4.50% interest and more than 200 crores will get 3.50% interest.