
Bank FD: Many people consider Dhanteras and Diwali to be the best time for investment. Fixed deposit is also considered a great option for savings. Banks also keep changing FD interest rates from time to time. In view of the festive season, many banks have revised FD interest rates before Diwali.
Both public and private sector banks are included in this list. Some banks are also offering interest up to 9%. Most of the banks are giving higher interest to senior citizens than general citizens. Let us know which bank is giving how much interest at this time-
These private banks revised FD interest rates
- Axis Bank has recently changed the interest rates on FD. It is offering interest ranging from 3% to 7.25% on tenure of 7 days to 10 years. Senior citizens are getting 0.50% additional interest.
- ICICI Bank has implemented new interest rates from October 19 for FDs of less than Rs 3 crore. Common citizens are getting interest ranging from 3% to 7.25% on tenure of 7 days to 10 years.
- IDFC First Bank is offering 3% to 7.75% interest to common citizens on tenure of 7 days to 10 years. Senior citizens are getting 3.5% to 8.25% interest.
- Unity Small Finance Bank has also changed the interest rates on FDs less than Rs 3 crore. It is offering 4.50% to 9% interest to common citizens on tenure ranging from 7 days to 10 years. Senior citizens are getting 4.50% to 9.5% interest.
- IndusInd Bank has also revised the FD interest rates in October. Common citizens are getting 3.5% to 7.75% interest on tenure ranging from 7 days to 10 years. Senior citizens are getting interest ranging from 4% to 8.25%.
The interest rates (Fixed Deposit) of these government banks have changed
Punjab National Bank has also changed the interest rates on FD in October. It is giving interest ranging from 3.50% to 7.25% to the common citizens. The interest rate for senior citizens is 4% to 7.75%.
Bank of Baroda has also changed the interest rate of fixed deposits this month. It is giving 4.25% to 7.15% interest to common citizens. The interest rate for senior citizens is 4.75% to 7.65%.
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