FD Rates: Last month i.e. in October, many banks have changed their FD rates. These changes have been made by all the banks for FDs up to Rs 3 crore. After the change, now the banks are offering FD rates up to 8.8 percent. Now the month of November has started and it is possible that these rates may be changed again and reduced a bit. If you also want to get strong returns, then take advantage of these FDs immediately. Let us know which banks have changed the FD rates in October and how much interest they are offering.
1- Shivalik Small Finance Bank
Shivalik Small Finance Bank is giving 3.5% to 8.3% interest to customers on FD. Senior citizens are being given 4% to 8.8% interest by the bank. The highest interest is being given on FDs of 18 months to 24 months duration, which is 8.30% and 8.80% for senior citizens. On October 24, the bank changed the interest rates.
2- IndusInd Bank
Indusind Bank is giving interest ranging from 3.5% to 7.75% on FDs to its customers. For senior citizens, this interest is from 4% to 8.25%. The highest interest is being given on FDs for a period of 1 year to 2 years. These interest rates have come into effect from 7 October.
3- IDFC First Bank
IDFC First Bank is offering interest rates ranging from 3% to 7.75% to its customers. The highest interest rate of 7.75% is being given by the bank on FDs of 400 to 500 days duration. These new rates are applicable from October 16.
4- Federal Bank
Customers making FDs from Federal Bank are being given interest ranging from 3% to 7.4%. Senior citizens are being given an additional interest of 0.5%. The highest interest of 7.40% is being given on FDs of 777 days duration. This rate is applicable from October 16.
5- Bank of Baroda
Bank of Baroda is giving interest ranging from 4.25% to 7.30% to its FD customers. Senior citizens are given an additional interest of 0.50%. The new rates have come into effect from October 14.
