On January 1, IOB increased the interest rate for short-term deposits having tenors of 7 to 90 days by 75 basis points.
Period of Deposits
Interest Rate
Deposits with 444-day maturity
– 0.50% for senior citizens – 0.75% for super senior citizens – 6.55% for the general public
Period of Deposits
Interest Rate
The bank raised the interest rate on fixed deposits on January 5, 2023.
Deposits maturing in 7 days to 10 years
– 3.00% to 5.85% for non-senior people. – 3.75% to 6.60% for seniors
Deposits with a term of 600 days (1 year, 7 months, 22 days)
– 7.50% for the general public – 8% for senior citizens.
Period of Deposits
Interest Rate
Deposits with maturities from 7 days to 10 years
Deposits with 555-day return term
5.25% to 5.80%.
– 7.30% for elderly citizens – 7.30% for the general public
As of January 1, 2023, Karnataka Bank's most recent fixed deposit interest rates are in effect.
Period of Deposits
Interest Rate
Deposit tenors of 7 days to 120 months
– 3.25% to 7.00% for the general public – 3.75% to 7.75%. For seniors
On special fixed deposit tenor of 30 months
– 7.50% for the general public – 8% for senior persons.
For fixed deposits under Rs. 2 Crore, the bank announced interest rates on January 3, 2023.
Period of Deposits
Interest Rate
On January 4, 2023, Kotak Mahindra Bank increased interest rates by up to 50 bps on a variety of tenors.
– 7% for the general public – 7.50% for senior people
– 7.50% for the general public – 8% for senior persons.
Deposits with maturities of 390 days to under two years.
On special fixed deposit tenor of 30 months
Period of Deposits
Interest Rate
Increased by 25 basis points
Increased by 50 basis points
Savings accounts with balances of Rs. 100 Crore or more)
Fixed deposits
PNB increased interest rates for savings accounts and fixed deposits on January 1.
Period of Deposits
Interest Rate
The Punjab & Sind Bank announced the interest rate increase for fixed deposits on January 1.
2.80% to 6.25%
7%
Deposits with maturities ranging from 7 days to 10 years
Deposits with a tenor of 601 days.
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