Many banks have changed their FD interest rates in May 2024, including Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank and Capital Small Finance Bank. We are presenting you information about the new interest rates of these banks.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has changed the fixed deposit interest rates for amounts below Rs 2 crore. The new rates have come into effect from May 1, 2024. According to this, the interest rate of the bank for general citizens is between 4% to 8.50%. The bank’s interest rates for senior citizens range between 4.60% to 9.10%. The highest interest rates are available on FDs with a tenure of 2 to 3 years. This interest rate is between 8.50% to 9.10%.
RBL Bank
RBL Bank has changed the fixed deposit interest rate for amounts less than Rs 2 crore. The new rates have come into effect from May 1, 2024. RBL Bank has given 8% interest rate for FD schemes of 18 to 24 months. On FD of the same period, senior citizens get 0.50% additional interest, while citizens above 80 years of age get 0.75% additional interest, i.e. they will get interest at the rate of 8.75%.
Capital Bank Small Finance Bank
Capital Bank Small Finance Bank has changed the fixed deposit interest rate for amounts below Rs 2 crore. The new rates will be applicable from 6 May 2024. The bank is offering interest rates between 3.5% to 7.55% for general citizens. The interest rate for senior citizens ranges between 4% to 8.05%. The highest interest rate is for a tenure of 400 days.
City Union Bank
City Union Bank has changed the fixed deposit interest rate for amounts below Rs 2 crore. The new rates will be applicable from 6 May 2024. The bank is offering interest rates between 5% to 7.25% for general citizens, while for senior citizens the rate is between 5% to 7.75%. The bank is offering the highest interest rate on FD of 400 days.
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