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Friday, July 1, 2022

If there is a plan to get Bank FD, now you will get more benefit, know which bank has increased the interest rates?

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Bank Fd Rates Hike: If you also have a plan to make FD or Fixed Deposit in the bank, then this is good news for you. The Central Bank of India has increased the interest rates of FDs. From now on you will get the benefit of higher interest on fixed deposits. The new rates of the bank have come into effect from June 10.

Interest rate hike for less than Rs 2 crore
Let us tell you that the bank has increased the rates of FD of the bank with an amount less than Rs 2 crore. Let’s check how much benefit you will get now-

Central Bank of India FD Rates-
7 days to 14 days – 2.75 percent
15 days to 30 days – 2.90 percent
31 days to 45 days – 2.90 percent
46 days to 59 days – 3.25 percent
60 days to 90 days – 3.25 percent
91 days to 179 days – 3.80 percent
180 to 270 days – 4.35 percent
271 to 364 days – 4.35 percent
1 year to less than 2 years – 5.20 percent
2 years to less than 3 years – 5.30 percent
3 years to less than 5 years – 5.35 percent
5 years to 10 years – 5.60 percent

Repo rates have been increased by 90 basis points
Let us tell you that RBI has increased the repo rates twice in 5 weeks. On June 8, 2022, the RBI governor has increased the repo rate by 50 basis points, after which the rate of repo rates has increased from 4.40 percent to 4.90 percent. At the same time, earlier this rate was increased from 4 percent to 4.40 percent. That is, in the last 5 weeks, there has been an increase of 90 basis points so far.

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