These 3 Banks Have Recently Hiked Fixed Deposit (fd) Rates

Kotak Mahindra Bank hikes FD rates

Kotak Mahindra Bank has hiked FD rates of various tenures for amounts less than ₹2 crore. The new rates are effective from April 12, 2022, according to the Kotak Mahindra Bank website. After the latest hike, the bank is giving interest rates ranging from 2.50% to 5.60% on deposits maturing in 7 days to 10 years.

7 – 14 days 2.50%

15 – 30 days 2.50%

31 – 45 days 2.75%

46 – 90 days 2.75%

91 – 120 days 3%

121 – 179 days 3.50%

180 days 4.50%

181 days to 269 days 4.50%

270 days 4.50%

271 days to 363 days 4.50%

364 days  4.75%

365 days to 389 days 5.10%

390 days (12 months 25 days) 5.2%

391 days – Less than 23 months 5.2%

23 months 5.25%

23 months 1 day- less than 2 years 5.25%

2 years- less than 3 years 5.3%

3 years and above but less than 4 years 5.45%

4 years and above but less than 5 years 5.50%

5 years and above up to and inclusive of 10 years 5.60%

HDFC Bank hikes FD rates

Private lender HDFC Bank has increased the interest rates on fixed deposits of less than ₹2 crore on some tenures, according to the lender’s website. The new fixed deposit (FD) rates are with effect from 6 April 2022. HDFC Bank offers 2.50 per cent to 5.60 per cent interest rates on deposits maturing in 7 days to ten years for the general public.

7 – 14 days 2.50%

15 – 29 days 2.50%

30 – 45 days 3%

61 – 90 days 3%

91 days – 6 months 3.5%

6 months 1 day – 9 months 4.4%

9 months 1 day < 1 Year 4.4%

1 year – 5.10%

1 year 1 day – 2 years 5.10%

2 years 1 day – 3 years 5.20%

3 years 1 day- 5 years 5.45%

5 years 1 day – 10 years 5.60%

Bank of Baroda hikes FD rates

Bank of Baroda (BoB) has raised interest rates on fixed deposits (FDs) with effect from March 22 for deposits of less than ₹2 crore. After this revision, the Bank of Baroda’s latest FD interest rates ranges from 2.80 per cent to 5.55 per cent for maturities between 7 days and 10 years.

7 days to 14 days 2.80%

15 days to 45 days 2.80%

46 days to 90 days 3.70%

91 days to 180 days 3.70%

181 days to 270 days 4.30%

271 days & above and less than 1 year 4.40%

1 year 5.00%

Above 1 year to 400 days 5.20%

Above 400 days and up to 2 Years 5.20%

Above 2 Years and up to 3 Years 5.20%

Above 3 Years and up to 5 Years 5.35%

Above 5 Years and up to 10 Years 5.35%

Above 10 years (for MACT/MACAD%

Court Order schemes only) 5.10%