These 3 private banks have revised the fixed deposit rates. Details here

Here we list the new FD interest rate details of the three private sector banks:

1]First IDFC bank: This private sector bank revised its fixed deposit rates, which are now applicable from September 15, 2021. In the new IDFC First Bank FD interest rate, a depositor will receive a return on his money of 2.5% at 5.25% – depending on the investment period which varies from 7 days to 10 years. According to the official IDFC First Bank website – idfcfirstbank.com, the FD interest rate offered on 7-day to 14-day and 15 to 29-day deposits is 2.50% per annum; for a term of 30 to 45 days and 46 to 90 days, the FD interest rate offered by IDFC First Bank is 2.75 percent per annum; for a term of 91 to 180 days, the FD interest rate offered is 3.25 percent per annum; for a term of 181 days to less than a year, the interest offered is 4.50 percent.

For a mandate of 1 year to 2 years, the rate of FD offered is 4.75%; for 2-year fixed deposits from 1 day to 3 years, the interest rate offered is 5.0%; for a period of 3 years 1 day to 5 years, the interest rate FD offered is 5.20% while for tax savings deposits ranging from 5 years 1 day to 10 years, the interest rate FD offered by IDFC First Bank is 5.25%.

2]Kotak Mahindra Bank: New FD rates came into effect at this private sector bank from September 8, 2021. In the revised FD rates, the interest rate of Kotak Mahindra Bank FD ranges from 2.50% to 5.25% depending on the duration of the investment. According to the official Kotak Mahindra Bank website – kotakbank.com, the FD interest rate offered on 7-14 days and 15-30 days is 2.50%; for a term of 31 to 45 days and 46 to 90 days, the interest rate of Kotak Mahindra Bank FD offers an annual interest rate of 2.75%; for 91-120 days FD, the interest rate offered is 3.0 percent; for 121 to 179 days, the FD interest rate at Kotak Mahindra Bank from September 8 is 3.25%; for 180 FD days and 181-269 maturity days, the interest rate is 4.25%; for 270, 271 to 363 days and 364 days due.

View full picture

The FD interest rate offered by Kotak Bank is 4.40%; for 365 to 389 days FD, the interest rate offered is 4.50%; for 390 days FD, the interest rate offered is 4.75 percent per annum; for 391 days to less than 23 months, the FD interest rate is 4.75%; for 23 months and 23 months 1 day to less than 2 years due, the FD interest rate offered is 4.90 percent per annum; for a term of 2 years to less than 3 years, the FD interest rate at Kotak Mahindra Bank is 5.00 percent per annum; for 3 years and more but less than 4 years, the interest rate FD is 5.10%; for 4 years and more but less than 5 years, the interest rate FD at Kotak Mahindra Bank is 5.20% while for 5 years and more up to 10 years inclusive FD, the interest rate offered at the Kotak Mahindra Bank is 5.25 percent.

3]Axis Bank: The new FD interest rate at Axis Bank came into effect on September 9, 2021. After revision, the FD interest rate offered by Axis Bank varies from 2.50% to 5.75%. For a term of 7 days to 14 days and 15 days to 29 days, the FD interest rate offered is 2.50 percent per annum; for 30 days to 45 days, 46 days to 60 days and 61 days to less than 3 months, the FD interest rate offered is 3.00%; for 3 months to less than 4 months, 4 months to less than 5 months and 5 months to less than 6 months, the FD interest rate offered is 3.50%; for 6 months to less than 7 months, 7 months to less than 8 months, 8 months to less than 9 months, 9 months to less than 10 months, 10 months to less than 11 months, 11 months to less than 11 months 25 days and 11 months 25 days to less than one year, the FD interest rate offered is 4.40 percent.

View full picture

For 1 year to less than 1 year 5 days, the FD rate offered is 5.10 percent; for 1 year 5 days to less than 1 year 11 days, the FD rate offered is 5.15%; for 1 year 11 days to less than 1 year 25 days, 1 year 25 days to less than 13 months, 13 months to less than 14 months, 14 months to less than 15 months, 15 months to less than 16 months, 16 months to less than 17 months and from 17 months to less than 18 months the FD interest rate offered is 5.10 percent per annum; for 18 months to less than 2 years, the FD rate at Axis Bank is 5.25%; for a period of 2 years to less than 30 months, from 30 months to less than 3 years and from 3 years to less than 5 years, the interest rate offered by Axis Bank is 5.40%, while for Tax-saving FD ranging from 5 years to 10 years, the interest rate offered is 5.75 percent per annum.