Earn up to 8.1% FD interest rate: These 3 banks have revised fixed deposit rates in September 2024 Let's take a look at the fixed deposit interest rates applicable to both general and senior citizens
Some banks have recently revised their fixed deposit (FD) interest rates for deposits under Rs 3 crore, effective from September 2024. The latest banks to revise their FD rates are Bank of India, City Union Bank, and Karnataka Bank. Let's take a look at the fixed deposit interest rates applicable to both general and senior citizens.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} FD rate up to 8.25%: Which bank is offering highest interest rate on one-year fixed deposits? Check full list
Bank of India
Bank of India has revised its fixed deposit (FD) interest rates for amounts less than Rs 3 crore and launched a new special fixed deposit tenure with higher interest rates. The revised FD rates are effective from September 1, 2024.
After the revision, the bank will offer FD interest rates between 3% and 7.25% for tenures between 7 days to 10 years for deposits of less than Rs 3 crore for general citizens. For senior citizens, the bank offers an interest rate between 3% to 7.75%. For super senior citizens (aged above 80 years), the bank offers interest rate between 3% to 7.90%.
Bank of India- Star Dhan Vriddhi details
The new tenure launched is 333 days fixed deposit dubbed as Star Dhan Vriddhi, it offers highest interest rate of 7.25%, 7.75% and 7.90% for general citizens, senior citizens, and super senior citizens respectively.
Maturity (For NRE Rupee Term Deposits,
For deposits of less than Rs.3 CrFor deposits of Rs.3 Cr & above but less than Rs.10 Crsmin. tenor is 1 Year and Max. 10 Years)Revised w.e.f 01.09.2024Revised w.e.f 01.08.20247 days to 14 days34.515 days to 30 days34.531 days to 45 days34.546 days to 90 days4.55.2591 days to 179 days4.56180 days to 210 days66.5211 days to 269 days66.75270 days to less than 1 Year (except 333 Days)66.75333 days (Star Dhan Vriddhi )7.256.751 Year6.87.25Above 1 Year to less than 2 Years6.86.752 Years6.86.5Above 2 Years to less than 3 Years6.756.53 Years to less than 5 Years6.565 Years to less than 8 Years668 years & above to 10 Years66
Karnataka Bank
Karnataka Bank has revised its fixed deposit interest rates for amounts below Rs 3 crore effective from September 3, 2024. After the revision, the bank offers interest rate between 3.50% to 7.50% for general citizens and for senior citizens the banks offers interest rate between 3.75% to 8%. The highest interest rate of 7.50% and 8% is offered on tenure of 375 days.
Maturity periodInterest rate (% p.a.) for deposits below ₹ 3 crore7 days to 45 days3.546 days to 90 days491 days to 179 days5.25180 days to below 1 year6.25250 days only (FD & ACC)6.751 year to 2 year7.35375 days (FD & ACC)*7.5Above 2 years to 5 years6.5Above 5 years to 10 years5.8
City Union Bank
City Union Bank has revised its fixed deposit interest rates for amounts below Rs 3 crore effective from September 1, 2024. After the revision, the bank offers interest rate between 5% to 7.50% for general citizens and for senior citizens the banks offers interest rate between 5% to 8%. The highest interest rate of 7.50% and 8% is offered on tenure of 333 days.
For Super Senior citizens, the bank offers the highest interest rate of 8.10%.
PeriodRate of Interest % p.aGeneralSenior Citizens7 days to 14 days5.00%5.00%15 days to 45 days5.50%5.50%46 days to 90 days5.75%5.75%91 days to 180 days6.00%6.00%181 days to 270 days6.25%6.50%271 days to 332 days6.50%6.75%333 days7.50%8.00%334 days to 400 days7.00%7.25%401 days to 3 Years6.50%6.75%Above 3 Years upto 10 Years6.25%6.50%Tax Saver7.10%7.10%
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This story originally appeared on: India Times - Author:Faqs of Insurances
