Fd Rates News Today

With the new rates coming into effect, overnight MCLR is 8.10 percent against 8.05 percent earlier. The 3-month MCLR is now 8.45 percent against 8.40 percent earlier. The six-month MCLR is 8.65 per cent against 8.60 percent earlie

Senior citizens can earn another 50 basis points, while women investors earn an additional 10 basis points, taking the maximum rate to 9.4% for a woman senior citizen.

Senior citizens can earn another 50 basis points, while women investors earn an additional 10 basis points, taking the maximum rate to 9.4% for a woman senior citizen.

A lot of banks are offering high interest rates of 7-9% p.a. range on fixed deposits of various tenures. The rates are expected to go down in the second half of 2024. Hence, this is a good time to allocate some money from the debt portfolio to FDs at current high rates.

Best tax-saving FDs: Here is a look at 5 banks offering the highest interest rates on tax-saving FDs.

5 banks offering up to 9% FD interest rates: Heres a look at small finance banks that provide relatively high-interest rates for regular fixed deposits.

Here is a look at 5 banks offering the highest interest rates on 1-year FDs. (Source: Compiled by ETIG; interest rates as on February 22)

In February, many big banks including HDFC Bank and ICICI Bank revised their fixed deposit interest rates. Here is a quick comparison of HDFC Bank and ICICI Bank FD interest rates.

ICICI Bank revised FD rates: ICICI Bank has revised its fixed deposit (FD) rates across tenures for both individuals and senior citizens with effect from February 17, 2024. These revised FD rates are applicable for deposits up to Rs 2 crore and the highest rate that is being offered to senior citizens is 7.75%.

IDBI Bank FD rates: IDBI Bank provides interest rates ranging from 3% to 7% on FDs maturing in seven days to five years to regular clients, and 3.5% to 7.5% to the senior citizens on callable deposits for amounts below Rs 2 crore.