Bank FD Rates: If you plan to get FD this year, this news is useful for you. Today we will tell you about such a plan, in which you will benefit from more than 9% interest.
Recently many banks and NBFC companies have increased FD interest rates.
Ten basis point increase
Shriram Finance Limited (SFL) has also increased the interest rates on fixed deposits.
From now on, you will get more benefits of 5 to 10 basis points. The company’s new interest rates have come into effect from January 1.
After this increase, customers will benefit from interest at the rate of 9.36 per cent.
Increased interest rates
Let us tell you that the company has increased the rates of FDs maturing in 12 months by 30 basis points, after which you will get interested at the rate of 7.30 per cent.
Apart from this, there has been an increase of 20 basis points in FDs maturing in 18 months. After this increase, you will get interested at the rate of 7.50 per cent.
How much interest will be received during which period?
Apart from this, there has been an increase of 25 basis points in FDs maturing in 24 months.
After this increase, you will get interested at the rate of 7.75 per cent.
Now you will get 8.15% interest on 36 months FD, 8.20% interest on 42 months FD, 8.25% on FD maturing in 48 months and 8.45% on 60 months FD.
Who will get 9.36 per cent interest?
If we talk about senior citizens, then these people get the benefit of 50 basis points more interest as compared to ordinary citizens.
At the same time, senior citizen women get ten basis points and even more interest. Senior citizens are getting 8.95 per cent interest over 60 months.
At the same time, 9.36% interest will be given on the renewal of deposits made by senior citizen women.
