look news india
Good news for FD customers! Banks have started increasing fixed deposit rates or launching new FD schemes to attract customers. FD rates of banks and NBFCs remain high due to increased investment in mutual funds and decline in bank deposits. Let us tell you that RBL Bank, Federal Bank and IDBI Bank have launched special FD schemes for both general customers and senior citizens. Let us know how much interest is being given on the special FD of these banks.
RBL Bank FD
RBL Bank announced a special 500-day FD with rates ranging from 8.1% to 8.85% on the occasion of Independence Day. The private sector bank offers 8.1% interest to normal FD customers booking a 500-day FD plan. Senior citizens (above 60 years but below 80 years) will get 8.6% rate on FDs and super senior citizens (above 80 years) will get 8.85% rate. Customers can book fixed deposit plans both online and offline using the RBL Bank app or by visiting a bank branch.
Federal Bank FD
Federal Bank has also announced a special scheme on Independence Day, under which customers are being offered fixed deposit rates of up to 8.05%. The bank has announced new rates for 400 days, 777 days and 50 months term deposits. General citizens will be offered FD rates of 7.35%, 7.40% and 7.40% respectively. Senior citizens will get interest at the rate of 7.85%, 7.90% and 7.90% respectively on FDs of this duration. Under the non-callable category, the bank offers interest rates of 7.5%, 7.55% and 7.55% respectively to the general public on FDs with tenures of 400 days, 777 days and 50 months. Senior citizens will be offered interest rates of 8%, 8.05% and 8.05% respectively on FDs of these durations. These rates are applicable for up to Rs. Applicable on non-refundable deposits above ₹ 1 crore.
IDBI Bank FD
IDBI Bank is offering an interest rate of 7.05% to general citizens on its special festival FDs maturing in 300 days. Senior citizens are being offered an interest rate of 7.55% on festive FDs with a tenure of 300 days. On a tenure of 700 days, interest rates of 7.20% for general citizens and 7.70% for senior citizens are offered. On festive FDs with a tenure of 375 days, interest rates are up to 7.25% for general citizens and 7.75% for senior citizens. On the FD scheme with a tenure of 444 days, the bank now offers an interest rate of 7.35% for general citizens and 7.85% for senior citizens. The new rates will be applicable from August 15, 2024.
