Karnataka Bank, IDFC Bank FD rates: Karnataka Bank Limited an Indian private sector lender based in Mangalore has announced an interest rate hike on fixed deposits of less than Rs 2 Cr. The private sector lender IDFC First Bank has hiked its interest rates on fixed deposits of less than Rs 2 Cr. For deposits with maturities ranging from 7 days to 10 years, the bank is providing interest rates of 3.5% to 7.00%. Karnataka Bank, IDFC Bank hikes FD rates from today: Check details.
The Karnataka bank is now offering interest rates between 5.25% and 5.80% on deposits with maturities ranging from 7 days to 10 years. The bank will grant a maximum interest rate of 7.50% on a 555-day deposit tenure. The bank has said on its website that the interest rates on fixed deposits are in effect as of today, March 1, 2023.
On fixed deposits maturing in 7 days to 364 days, the bank will now offer an interest rate of 5.25% and on those maturing in 1 year to 2 years, Karnataka Bank will now promise an interest rate of 7.00%. Karnataka Bank will now promise an interest rate of 7.50% on a deposit tenor of 555 days (KBL Centenary Deposit) and an interest rate of 5.75% on a deposit tenor of above 2 years to 5 years.
Deposits maturing from above 5 years to 10 years will now fetch an interest rate of 5.80%. The private sector lender IDFC First Bank has hiked its interest rates on fixed deposits of less than Rs 2 Cr. For deposits with maturities ranging from 7 days to 10 years, the bank is providing interest rates of 3.5% to 7.00%.
IDFC First Bank is currently giving a maximum interest rate of 7.75% on deposits maturing in 18 months-1 day – 3 years (549 days to 3 years). On its website, IDFC First Bank noted that the new rates are in effect as of today, March 1, 2023.
On fixed deposits maturing in 7 to 29 days, the bank is now offering an interest rate 3.50% and for those maturing in 30 – 45 days, IDFC First Bank is now offering an interest rate of 4.00%. IDFC First Bank is now offering an interest rate of 4.50% on a deposit tenor of 46 – 90 days and the bank is now offering an interest rate of 5.00% on a deposit tenor of 91- 180 days.
Deposits maturing in 181 days 366 days will now fetch an interest rate of 6.75% and those maturing in 367 days – 18 months (367 days to 548 days) will now fetch an interest rate of 7.25%.
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The bank currently offers a maximum interest rate of 7.75% on fixed deposits maturing in 18 months, 1 day to 3 years (549 days to 3 years), while IDFC First Bank also offers an interest rate of 7.00% on deposits maturing in 3 years, 1 day to 10 years. On tax saver fixed deposits maturing in 5 years. IDFC First Bank will now offer an interest rate of 7.00%.
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