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IDFC First Bank, IndusInd, Bandhan, DCB and others offer over 6% interest rates on 1 year FDs

New Delhi: Fixed deposit interest rates are rising as a result of the RBI's hike in the repo rate to 4.90 percent during the June MPC meeting. Because of rising interest rates, fixed deposits are currently the most popular investment option for debt investors. Fixed deposits are the most popular option for investors with a zero risk tolerance profile who want to invest to build wealth without relying on market returns because they provide fixed returns and a flexible deposit period ranging from 7 days to 10 years, making them the best choice for short-, mid-, and long-term financial goals. So, for short-term investors that intend to invest for a year or less.

Check out the private banks promising 6% interest rate:

Zee Media Bureau|

Updated:Jul 17, 2022, 03:54 PM IST

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Yes Bank

Yes Bank recently changed the interest rates on fixed deposits under 2 crore, which will be effective on June 18, 2022. On deposits maturing in a year, the bank now offers a 6% interest rate to the general public and a 6.50% interest rate to senior citizens.

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RBL Bank

RBL Bank last amended its interest rates on fixed deposits of less than 2 Cr on June 8, 2022. The bank is now giving an interest rate of 6.25 percent on deposits maturing in one year to the general public and 6.75 percent to senior citizens.

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IndusInd Bank

On June 21st, 2022, IndusInd Bank raised the interest rate on fixed deposits under 2 crore rupees. The bank is now giving interest rates ranging from 3.25 percent to 6.00 percent on fixed deposits maturing in 7 days to 61 months and above for the general public and 3.75 percent to 6.50 percent for senior persons. On term deposits maturing in a year, the bank is now paying an interest rate of 6.50 percent for the elderly and 6.00 percent for the general public. For deposits maturing in two years or less than 61 months, the bank now offers a maximum interest rate of 6.50 percent for the general public and 7.00 percent for senior citizens. one hundred percent.

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IDFC First Bank

From July 1, 2022, IDFC First Bank boosted its interest rates on fixed deposits under 2 Cr. The bank offers interest rates on deposits maturing in 7 days to 10 years ranging from 3.50 percent to 6% for the general public and 4% to 6.50 percent for the elderly. The bank offers a 6.25 percent interest rate on deposits maturing in one year, one day, and 6.75 percent for the elderly. The maximum interest rate on fixed deposits maturing in three years, one day, or less than five years is now 6.50 percent for the general public and 7% for seniors.

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DCB Bank

On June 22, 2022, DCB Bank increased interest rates on fixed deposits under 2 Cr. The bank is now giving interest rates ranging from 4.80 percent to 6.60 percent on deposits maturing in 7 days to 120 months for the general public and 5.30 percent to 7.10 percent for elderly persons. DCB Bank offers 6.10% and 6.60% interest rates on deposits maturing in a year to the general public and seniors, respectively. The maximum interest rate for fixed deposits with maturities ranging from 18 months to ten years is now 6.60 percent for the general public and 7.10 percent for seniors.

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Bandhan Bank

Bandhan Bank boosted its fixed deposit interest rates on July 4, 2022. Currently, the bank offers an interest rate on deposits maturing in 7 days to 10 years that ranges from 3% to 5.60% for the general public and 3.75-6% to 6.35-% for senior citizens. On deposits maturing in a year, the bank offers a 6.25% interest rate to the general public and a 7% interest rate to senior citizens. Bandhan Bank, on the other hand, gives a maximum interest rate of 6.50 percent to the general public and 7.25% to senior citizens on deposits maturing in 2 years to less than 5 years.