This private bank is making money on one year FD, know what has been announced

Private sector lender South Indian Bank has increased its interest rates on fixed deposits of less than Rs 2 crore. After the change, the bank is now offering interest rates ranging from 2.65 per cent to 6 per cent to the general public and 3.15 per cent to 6.50 per cent to senior citizens. For general public and senior citizens, South Indian Bank is now offering a maximum interest rate of 7.40 per cent and 7.50 per cent respectively. According to the official website of the bank, the new interest rates came into effect on March 21, 2023.

How much earning on which FD

1. The bank will now pay 2.65 per cent interest on FDs of 7 days to 30 days and senior citizens will get 3.15 per cent interest.
2. The bank will now pay 3.25 per cent interest on FDs of 31 days to 90 days and senior citizens will get 3.75 per cent interest.
3. The bank will now pay 4.25 per cent interest on FDs of 91 days to 99 days and senior citizens will get 4.75 per cent interest.
4. The bank is promising 6 per cent interest on deposit tenure of 100 days and senior citizens will get 6.50 per cent interest.
5. The bank will pay 4.50 per cent interest on FDs of 101 days to 180 days and senior citizens will get 5 per cent interest.
6. The bank will now pay 5 percent interest on FDs of 181 days to less than 1 year and senior citizens will get 5.50 percent interest.
7. The bank will pay 6.60 percent interest on FDs maturing in 1 year and senior citizens will get 7.10 percent interest.
8. The bank will now pay 7 percent interest on FDs maturing in 1 year 1 day and senior citizens will get 7.50 percent interest.
9. On FDs of 1 year 2 days to 499 days, the bank will pay 6.50 percent interest and senior citizens will get 7 percent interest.
10. 500 days FD (SIB 94 plus) will get 7.40 percent interest and senior citizens will get 7.40 percent interest.
11. 6.50 percent interest will be given on FDs ranging from 501 days to less than 30 months and senior citizens will get 7 percent interest.
12. The bank will give 7 percent interest rate on FDs maturing in 30 months and senior citizens will get 7.25 percent interest.
13. 6.50 percent interest will be given on FDs of 30 months to less than 5 years and senior citizens will get 7 percent interest.
14. 6% interest will be given on FDs of less than 5 years to 66 months and senior citizens will get 6.50% interest.
15. The bank will give 6.50 percent interest on 66 months (Green Deposit) and senior citizens will get 7 percent interest.
16. The bank will pay 6 percent interest on FDs of more than 66 months and up to 10 years and senior citizens will get 6.50 percent interest.
17. The bank will give 6 percent interest rate on 5 years tax saver fixed deposit and senior citizens will get 6.50 percent interest.