Yes Bank hikes fixed deposit (FD) rates. How they compare with SBI, HDFC Bank, ICICI Bank

 

Private lender Yes Bank has hiked the fixed deposit interest rate on selected tenure for deposits below ₹2 crore. After the latest revision, the bank offers interest rates between 3.25% to 7.75% to general citizens, and 3.75% to 8.25% to senior citizens on FDs maturing in seven days to ten years, according to the Yes Bank's website. The revised FD rates have been effective from November 21, 2023. Yes Bank will now pay a 7.25% rate on FDs maturing in one year , 7.50% on one year to less than 18 months, and 7.75% on deposits maturing in 18 months < 24 months

15 days to 45 days 3.70%

46 days to 90 days 4.10%

91 days to 120 days 4.75%

121 days to 180 days 5.00%

181 days to 271 days 6.10%

272 days to < 1 year 6.35%

1 year 7.25%

1 year 1 day to < 18 months 7.50%

18 month < 24 months 7.75%

24 months to < 36 months 7.25%

36 months to < 60 months 7.25%

60 months 7.25%

60 months 1 day to <= 120 months 7%

ICICI Bank latest FD rates

ICICI Bank is offering an interest rate ranging from 3% to 7.1% on FDs maturing in seven days to ten years to general customers, and 3.5% to 7.65% to senior citizens. These rates are effective from 16 October 2023.

HDFC Bank latest FD rates

After the latest revision, the bank is offering an interest rate ranging from 3% to 7.20 % to general customers on deposits maturing in 7 days to 10 years. Senior citizens will earn an interest rate of 3.5% to 7.75% on these deposits. These rates are effective from 1 October 2023.

SBI latest FD rates

SBI FDs between 7 days to 10 years will give 3% to 7.1% to general customers. Senior citizens will get 50 basis points (bps) extra on these deposits. These rates are effective 15 February 2023.

Topics You May Be Interested In

Yes Bank hikes fixed deposit rates Yes Bank latest FD rates ICICI Bank latest FD rates HDFC Bank latest FD rates SBI latest FD rates Bank FD Latest Fd rates

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the ...
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the I...
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5...
Read more