Best FD Rates: Yes Bank has revised the interest rates on fixed deposits of less than Rs 2 crore by 25 basis points (bps). This change is effective from May 30, 2024.
Fixed deposits are still the most popular means of investment in India. The biggest reason for this is to get guaranteed returns at great interest rates. Different banks offer different interest rates to customers for different periods. Banks keep changing the interest rates offered under fixed deposits. Similarly, at the end of May, banks have also increased the interest rates on FDs. Let us know which banks have increased the interest rates on FDs by how much-
Yes Bank
Yes Bank has revised the interest rates on fixed deposits of less than Rs 2 crore by 25 basis points (bps). This change is effective from May 30, 2024. Under this, now normal customers will get an interest rate of 3.25 per cent to 8 per cent. Whereas senior citizens will be offered interest rates between 3.75 per cent to 8.50 per cent. The bank offers high interest rates of 8 per cent and 8.50 per cent on FDs with tenure of 18 months.
Unity Small Finance Bank
Unity Small Finance Bank has also revised the interest rates on fixed deposits of less than Rs 2 crore. The latest FD interest rates of the bank are applicable from May 1, 2024. Under this, the bank offers interest rates ranging from 4.50 per cent to 9 per cent to normal customers on FDs maturing in a period of 7 days to 10 years. Whereas senior citizens get an interest rate of 8.95 per cent on FDs with a duration of 701 days.
IndusInd Bank
IndusInd Bank has also revised the interest rates on fixed deposits of less than Rs 2 crore. The latest FD interest rates of the bank are applicable from May 1, 2024. The bank offers interest rates ranging from 3.50 per cent to 7.99 per cent on FDs maturing in a period of 7 days to 10 years. Customers get the highest interest rate of 7.99 percent on FDs maturing between 15 months to 16 months and 30 months to 31 months.
DCB Bank
DGB Bank has also changed the interest rates on fixed deposits of less than Rs 2 crore. These new rates are applicable from May 22, 2024. The bank offers the highest interest rates of 8 percent to normal customers and 8.55 percent to senior citizens on FDs with a tenure of 9 months to 20 months.
IDFC FIRST Bank
IDBI First Bank has also revised the interest rates on fixed deposits of less than Rs 2 crore. The latest FD interest rates of the bank are effective from May 15, 2024. The bank offers interest rates ranging from 3 per cent to 7.90 per cent on FDs maturing between 7 days to 10 years. While the bank offers an extra spread of 0.50 per cent to senior citizens. The bank offers a maximum interest of 8 per cent and 8.40 per cent on a period of 500 days.
State Bank of India
State Bank of India has also increased the interest rates on fixed deposits of less than Rs 2 crore. The latest FD interest rates of the bank are effective from May 15, 2024.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has also changed the interest rates on fixed deposits of less than Rs 2 crore. These latest FD interest rates are applicable from May 1, 2024. The bank offers interest rates between 4 per cent and 8.50 per cent to normal customers. While senior citizens get interest rates between 4.60 per cent and 9.10 per cent. The bank offers the highest interest rates of 8.50 per cent and 9.10 per cent for a period of 2 years to 3 years.
RBL Bank
RBL Bank has also increased the interest rates on fixed deposits of less than Rs 2 crore. These latest FD interest rates are applicable from May 1, 2024. The bank provides a maximum interest rate of 8 per cent on FDs maturing between 18 to 24 months. While the bank gives 0.50 per cent extra spread to senior citizens. At the same time, it provides 0.75 per cent extra interest rate for super senior citizens.
Capital Bank Small Finance Bank
Capital Small Finance Bank has also increased the interest rates on fixed deposits of less than Rs 2 crore. These latest FD interest rates are applicable from May 1, 2024. The bank offers interest rates between 3.5 per cent to 7.55 per cent to normal customers and 4 per cent to 8.05 per cent to senior citizens. During this period, the highest interest rate is available on FDs with a duration of 400 days.
City Union Bank
City Union Bank has also changed the interest rates on fixed deposits of less than Rs 2 crore. These latest FD interest rates are applicable from May 6, 2024. The bank gives interest rates ranging from 5 percent to 7.25 percent to normal customers. Whereas for senior citizens this interest rate is from 5 percent to 7.75 percent. The bank gives the highest interest rate of 7.25 percent and 7.75 percent on FDs with a duration of 400 days.
