Categories: Finance

Fixed Deposit: Get up to 9.1% interest on FD, these 7 banks have revised interest rates in may

New Delhi. If you are planning to invest in Fixed Deposit i.e. FD, then this news is useful for you. In May 2024, 7 banks including State Bank of India (SBI), DCB Bank, IDFC First Bank revised their FD interest rates. Here is the list of revised FD rates in May.

DCB Bank

DCB Bank has revised its FD interest rates for amounts less than Rs 2 crore. According to the DCB Bank website, the new rates are effective from May 22, 2024. The bank is offering the highest FD interest rate of 8 per cent to general customers and 8.55 per cent to senior citizens after the revision for the period of 19 months to 20 months.

IDFC FIRST Bank

IDFC First Bank has revised FD interest rates on amounts less than Rs 2 crore. The new rates are effective from May 15, 2024. After the change, the bank currently offers interest rates ranging from 3 per cent to 7.90 per cent for general citizens on deposits maturing in 7 days to 10 years. The bank offers 0.50 per cent additional interest to senior citizens. The bank offers interest rates ranging from 3.50 per cent to 8.40 per cent to senior citizens. The highest interest rate of 8 per cent is offered to general citizens and 8.40 per cent to senior citizens on a period of 500 days.

State Bank Of India

SBI has increased its FD interest rates on retail deposits (up to Rs 2 crore) and bulk deposits (above Rs 2 crore) for a certain period. According to the SBI website, the new FD rates are effective from May 15, 2024.

Also Read: E-Challan: How to check online pending challans on your vehicle, step by step guidance

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank has revised its FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 1, 2024. After the revision, the bank is offering interest rates between 4 per cent to 8.50 per cent for general citizens while for senior citizens, the bank offers interest rates between 4.60 per cent to 9.10 per cent. The highest interest rate of 8.50 per cent is being offered to general citizens and 9.10 per cent to senior citizens for a period of 2 years to 3 years.

RBL Bank

RBL Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 1, 2024. RBL Bank offers the highest interest rate of 8 per cent on FDs maturing between 18 and 24 months. Senior citizens on the same FD tenure will earn an additional 0.50 per cent i.e. 8.50 per cent interest rate and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75 per cent i.e. 8.75 per cent.

Capital Small Finance Bank

Capital Small Finance Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 6, 2024. The bank is offering interest rates between 3.5 per cent to 7.55 per cent to general citizens. The bank is offering interest rates between 4 per cent to 8.05 per cent for senior citizens. The highest interest rate is being offered for a period of 400 days.

City Union Bank

City Union Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 6, 2024. The bank is offering interest rates between 5 per cent to 7.25 per cent for general citizens and 5 per cent to 7.75 per cent for senior citizens. The highest interest rate of 7.25 per cent to general citizens and 7.75 per cent to senior citizens is being offered for a period of 400 days.

toptrendbazaar

Recent Posts

Ration Card Rules: No Need To Card for Ration, Government changed the rules

Ration Card Rules: Many types of schemes are run by the Government of India. All…

5 days ago

Ayushman Bharat: Senior citizens aged 70+ cannot apply without this document, check details

The much-awaited Ayushman Bharat Health Insurance Scheme for senior citizens has been launched. Under this…

1 month ago

New UPI transaction limits announced! Check new per transaction limits for UPI Lite Wallet & UPI 123Pay

Nowadays everyone uses UPI or UPI Lite for making even the smallest payments. In view…

3 months ago

New rules of Toll Tax will be implemented from today, Toll Tax has become expensive on this route

There is going to be a change in toll tax for passengers traveling from Noida…

3 months ago

New Telecom Rules: Telecom rules will change from October 1, customers will not face any problem

A big change is being made in the rules to be implemented by telecom companies…

3 months ago

Electricity smart meter: Big update regarding smart meter on new electricity connection, check details immediately

The campaign to install electricity smart meters has been stopped soon after its start. Now…

3 months ago