THIS Bank offering special FD rate of 8%! IDBI, other banks offering over 7% interest rate | Check latest interest rate of banks

Bank FD Rates 2022: A Fixed Deposit (FD) is considered as a safe option by many people. As it is not linked to the market, the interest rates do not fluctuate and remain stable throughout the fixed deposit tenure. Along with the rising interest rates of loans, banks are also making their deposit schemes attractive. For this, they are increasing the interest rates on FDs.
 
ESAF Small Finance Bank is offering a special fixed deposit rate of 8 per cent for 999 days. The bank has offered the special FD till November 30, 2022. The bank is offering interest rates on fixed deposits in the range of 4 per cent to 8.50 per cent for the public. According to the EASAF Website, "Special FD rate of 8.00% for 999 days will be available till 30-Nov-2022.”
 
The bank is offering 8 per cent interest rate on FDs for the general public while 8.50 per cent to the senior citizens. The revised FD interest rates are effective from November 1, 2022.

IDBI Amrit Mahotsav Fixed Deposit Scheme

IDBI Bank is offering attractive interest rate for different maturities under the Amrit Mahotsav Deposits scheme. Under this scheme, IDBI Bank is giving 7.50 percent annual interest on deposits for 700 days to its customers. This attractive deposit scheme of the bank is for a limited time only. On completion of 75 years of independence, the bank has launched Amrit Mahotsav Deposit Scheme.

Latest interest rate of banks

Canara Bank

The Bank offers a special fixed deposit scheme that provides 7.50% interest rate for a tenure of 666 days. The bank under the scheme is offering a 7% interest rate for general customers, whereas senior citizens will get a 7.5% interest on this fixed deposit plan. This scheme is for the amount under Rs 2 crore.