look news india
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 up to 9.1 percent interest on FD.
Many banks like DCB Bank, City Union Bank, RBL, Capital Small Finance Bank etc. 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 giving this much interest on FD
IDFC First Bank has revised 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% on 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 ranges from 3.50% to 8.40%. The highest interest rate of 8% and 8.40% is offered for a tenure 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 making FDs up to Rs 2 crore.
This bank is now giving interest ranging from 4 percent to 8.5 percent and if you are a senior citizen then you will get interest up to 9.1 percent.
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 rate offered by RBL Bank is 8 per cent on 18-24 months FD.
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, the interest rates were changed and increased by 75 bps for some period.
For your information, let us tell you that FDs with a tenure of 2 to 3 years are getting up to 7 percent interest. Whereas if you are a senior citizen, then you will get up to 7.5 percent interest on FD.
Capital Small Finance Bank will give this much interest on FD
Capital Small Finance Bank has also revised FD interest rates this month and this will also be applicable on FDs up to Rs 2 crore.
The bank is giving interest ranging from 3.5 percent to 7.55 percent. The highest interest rate is available on FD of 400 days.
