New Delhi: Bank State of India (SBI) and HDFC, the two largest banks in the country, have revised interest rates offered on fixed deposit investments. The largest public sector bank in the country, SBI, has increased deposit rates remain at 10 basis points or 0.10 percent.

The state-owned bank has increased FDS interest rates due in 1 year to less than 2 years to 5.1 percent from 5.0 percent. Senior citizens will continue to receive 0.50 percent more interest rates on FD investment.

Senior citizens invest in FD with a 1-year term of office to less than 2 years will now receive interest of 5.60 percent, 0.10% more than the previous level of 5.50 percent, according to the SBI site.

Interest rates for SBI FD policies from other terms remain unchanged. The latest level applies to FDS under RS ​​2 Crore, and is effective since Saturday, January 15, 2022.

On the other hand, HDFC Bank has increased FDS interest rates for several tenors of 5 to 10 basis points. The revised FD level applies to FDS worth less than Rs 2 Crore and effectively starting January 12, 2021.

“Good news! Increased deposit rates remained for the term of office 3 years to 5 years to 5 years amounting to <2 CR WEF January 12, 2022. Bank book HDFC FD now: HDFCBK.IO/3ZXV3CKLGNA * T & C valid. Tariffs can change, “The HDFC Bank said in the notification sent to the customer via SMS.

Here are the latest HDFC bank fd rates:

FD with a term of office between 2 years and 3 years: 5.2%.

FD with a term of office between 3 years and 5 years: 5.4%. Also read: National Startup Day gives the hope of entrepreneurs, will increase awareness, job creation

FD with a term of office between 5 years and 10 years: 5.6. Also read: Ola, Mahindra, Hyundai offer for incentives under the 18,000 RS Crore Crore Scheme for battery manufacturing