FD Interest Rates: There are many benefits of investing in FD. Apart from being a safe investment method, it also gives better returns.
If you are thinking of investing in FD, then let us tell you that many banks are giving interest up to 9.1% on FD.
DCB Bank, City Union Bank, RBL, Capital Small Finance Bank, etc. many banks have changed their FD interest rates in the month of May. Let us now tell you how much interest these banks are paying on FD.
IDFC FIRST Bank is paying this much interest on FD
IDFC FIRST Bank has changed the fixed deposit interest rates for amounts less than Rs 2 crore. These changes have come into effect from May 15.
The bank currently offers interest rates ranging from 3% to 7.90% for deposits maturing in 7 days to 10 years for general citizens. At the same time, for senior citizens, the bank offers an additional spread of 0.50% per annum.
The interest rate varies from 3.50% to 8.40%. The highest interest rate of 8% and 8.40% is offered for a period of 500 days.
Utkarsh Small Finance Bank is giving this much interest on FD
Utkarsh Small Finance Bank has changed the interest rates for those who make FDs up to Rs 2 crore.
This bank is now offering interest ranging from 4 percent to 8.5 percent and if you are a senior citizen, you will get up to 9.1 percent interest.
RBL Bank is giving this much interest on FD
Let us tell you that RBL Bank has also revised its FD rates and these interest rates will also be applicable on FDs up to Rs 2 crore.
The highest interest being given by RBL Bank is 8 percent, which is being given for FDs of 18-24 months.
SBI Bank is giving this much interest on FD
State Bank of India has revised the interest rates on FDs up to Rs 2 crore. On May 15, while changing the interest rates, it has been revised by 75 bps for some periods.
For your information, let us tell you that up to 7 percent interest is being given on FDs of 2 to 3 years duration. On the other hand, if you are a senior citizen, then you will get up to 7.5 percent interest on FD.
Capital Small Finance Bank will pay this much interest on FD
Capital Small Finance Bank has also revised the interest rates of FD this month and this will also be applicable on FDs up to Rs 2 crore.
The bank is offering interest ranging from 3.5 percent to 7.55 percent. The highest interest rate is being offered on FDs of 400 days.
