FD interest rate up 8.25%: 5 banks that have revised FD rates in September 2024 List of banks that have revised their fixed deposit interest rates in September
Fixed deposits offer a stable interest rate higher than regular savings accounts, making them an attractive investment option. The interest rates for fixed deposits are determined at the time of investment and remain unchanged throughout the deposit period. This stability allows investors to calculate their returns and effectively plan their finances accordingly and accurately.#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;} Many banks have revised their fixed deposit interest rates in September.
Earn up to 8.50% FD rate: SBI, HDFC Bank, ICICI Bank, Canara Bank, PNB, Yes Bank latest FD interest rates
IndusInd Bank
IndusInd Bank offers fixed deposit interest rates between 3.5% to 7.99% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers an interest rate between 4% to 8.25%. The rates are applicable from September 11, 2024.
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TenureRateRate7 days to 14 days3.5415 days to 30 days3.5431 days to 45 days3.754.2546 days to 60 days4.755.2561 days to 90 days4.755.2591 days to 120 days4.755.25121 days to 180 days55.5181 days to 210 days5.856.35211 days to 269 days6.16.6270 days to 354 days6.356.85355 days to 364 days6.571 Year to below 1 Year 3 months7.758.251 Year 3 months (15 months) to below 1 Year 4 months (16 months)7.758.251 Year 4 months to below 1 Year 6 months7.998.251 Year 6 Months up to 2 Years7.758.25Above 2 Years to below 2 Years 6 Month7.257.752 years 6 Months (30 months) to below 2 years 7 months (31 months)7.257.752 year 7 months to 3 years 3 months7.257.75Above 3 years 3 months to below 61 month7.257.7561 month and above77.5Indus Tax Saver Scheme (5 years)7.257.75
Federal Bank
Federal Bank offers fixed deposit interest rates between 3% to 7.40% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers an interest rate between 3.5% to 7.90%. The rates are applicable from September 16, 2024.
PeriodSingle Deposit Less than ₹300 Lakhs - General PublicSingle Deposit Less than ₹300 Lakhs - Senior Citizen7 days to 29 days3.00%3.50%30 days to 45 days3.25%3.75%46 days to 60 days4.00%4.50%61 days to 119 days4.75%5.25%120 days to 180 days5.00%5.50%181 days6.50%7.00%182 days to less than 1 year6.25%6.75%1 year to 399 days6.80%7.30%400 days7.35%7.85%401 days to 776 days7.05%7.55%777 days7.40%7.90%778 days to less than 3 years7.05%7.55%3 years to less than 50 months7.00%7.50%50 Months7.40%7.90%Above 50 months to less than 5 years7.00%7.50%5 years and above6.60%7.25%
Bank of Baroda
Bank of Baroda offers fixed deposit interest rates between 4.25% to 7.30% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers an interest rate between 4.75% to 7.80%. The rates are applicable from September 5, 2024.
TenorsResidents / General PublicResident Indian Sr. Citizen7 days to 14 days4.254.75*15 days to 45 days4.55.00*46 days to 90 days5.56.00*91 days to 180 days5.66.10*181 days to 210 days5.756.25*211 days to 270 days6.256.75*271 days & above and less than 1 year (except 333Days and 360 Days)6.57.00*333 Days (bob Monsoon Dhamaka Deposit Scheme)7.157.65*360 Days (bob360)7.17.60*1 year6.857.35*399 Days (bob Monsoon Dhamaka Plus Deposit Scheme)7.37.80*Above 1 year to 400 days (Except 399 Days)77.50*Above 400 days and upto 2 Years77.50*Above 2 Years and upto 3 Years7.157.65*Above 3 Years and upto 5 Years6.57.15 #Above 5 Years and upto 10 Years6.57.50**Above 10 years (MACT/MACAD6.256.75*Court Order schemes only)
Karnataka Bank
Karnataka Bank offers fixed deposit interest rates between 3.5% to 7.50% for general citizens for tenure ranging from 7 days to 10 years. According to the bank website, “Resident senior citizens get extra 0.25% above general rate up to & inclusive of ?5 crore only under domestic FD and ACC Schemes (Not for deposit under NRE/NRO/FCNR(B) accounts) for a tenure of 7 days to below 1 years, and extra 0.50% above general rate for tenure 1 year to 10 years.”
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 only6.751 year to 2 years7.35375 days (FD & ACC)7.5Above 2 years to 5 years6.5Above 5 years to 10 years5.8
Axis Bank
Axis Bank offers fixed deposit interest rates between 3% to 7.25% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers an interest rate between 3.5% to 7.75%. The rates are applicable from September 10, 2024.
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This story originally appeared on: India Times - Author:Faqs of Insurances
