These bank increased fixed deposit rates: Check updates here

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Following Indian Bank, another public sector lender has revised interest rates on fixed deposits. Central Bank of India has hiked the rate on FDs of tenure between one year to less than two years. Now, general customers will earn 0.10% more compared with past on the selected tenure. The new rates are applicable from November 10, 2021. After the revision general customers will get a minimum of 2.75% rate which would go up to a maximum of 5% interest on deposits less than Rs 2 crore for tenure between 7 days to 10 years. On October 10, this state-owned bank last revised the interest rates on FDs.

Take a look at latest tenure-wise interest rates for general public.

– 07 days to 14 days: 2.75%

– 15 days to 30 days; 31 days to 45 days: 2.90%

– 46 days to 59 days; 60 days to 90 days: 3.25%

– 91 days to 179 days: 3.80%

– 180 days to 270 days; 271 days to 364 days: 4.25%

– 1 year to less than 2 years; 2 years to less than 3 years; 3 year to less than 5 years; 5 years & above up to 10 years: 5.00%

Karnataka Bank new FD rates

Apart from the Central Bank, very recently Karnataka Bank has also revised the interest rates on term deposit for different tenure. New changes come into force from November 1, 2021.

Karnataka Bank tenure-wise new FD rates are given below:

 – 7 days to 45 days: 3.40%

– 46 days to 90 days: 4.90%

– 91 days to 364 days: 5.00%

– 1 year to 2 years: 5.10%

– Above 2 years to 5 years: 5.40%

– Above 5 years to 10 years: 5.50%