New Delhi. Whenever there is talk of savings, the name of fixed deposits i.e. FD of banks definitely comes up. Your investment in fixed deposit is safe and you also get guaranteed returns. If you are planning to invest in FD then this news is useful for you. In October 2024, Shivalik Small Finance Bank, IndusInd Bank, Federal Bank, Punjab and Sindh Bank, Bank of Baroda and Punjab 7 banks including National Bank revised their FD interest rates.
Shivalik Small Finance Bank
Shivalik Small Finance Bank had changed the interest rates on October 24. The bank is giving interest ranging from 3.5 percent to 8.3 percent to the customers on FD, while the interest being given to senior citizens is ranging from 4 percent to 8.8 percent. The highest interest is being given on FD for the period of 18 months to 24 months, which is 8.30 percent for general customers and 8.80 percent for senior citizens.
IndusInd Bank
IndusInd Bank had changed the interest rates on October 7. The bank is giving interest ranging from 3.5 percent to 7.75 percent on FD to general customers while to senior citizens it is giving interest ranging from 4 percent to 8.25 percent. The highest interest is being given on FD with tenure of 1 to 2 years.
IDFC First Bank
The new rates of IDFC First Bank are applicable from October 16. Interest ranging from 3 percent to 7.75 percent is being offered to the customers by the bank. The highest interest being given by the bank is 7.75 percent on fixed deposits for a period of 400 to 500 days.
Federal Bank
The new FD rates of Federal Bank are applicable from October 16. The bank is giving interest ranging from 3 percent to 7.4 percent to the customers. The highest interest being offered on FD of 777 days is 7.40 percent.
Bank of Baroda
The new FD rates of Bank of Baroda are effective from October 14. The bank is giving interest ranging from 4.25 percent to 7.30 percent to the customers. Senior citizens are being given extra interest of 0.50 percent on FD.
Punjab National Bank
Punjab National Bank is offering FD rates ranging from 3.50% to 7.25% for general customers for a tenure of 7 days to 10 years. The bank offers interest rates ranging from 4 percent to 7.75 percent for senior citizens and 4.30 percent to 8.05 percent for super senior citizens. These rates are effective from October 1, 2024.
Punjab and Sindh Bank
Punjab and Sindh Bank is offering FD rates ranging from 4 percent to 7.45 percent on callable deposits for general citizens for a tenure of 7 days to 10 years. The bank is offering the highest interest rate of 7.50 percent on non-callable deposits with a tenure of 555 days.
Tags: Bank FD, FD Rates, fixed deposits
FIRST PUBLISHED: November 3, 2024, 06:12 IST