New Delhi. In December 2024, many banks have changed the interest rates of Fixed Deposit (FD). FD is one of the most popular investment options in India, in which people invest a large part of their savings. The reason for the popularity of FD is its fixed and guaranteed return rate.
1. Federal Bank
Federal Bank has changed the interest rates on FDs of less than ₹ 3 crore. The new rates are applicable from 16 December 2024.Interest rate for general citizens: 3% to 7.4%.Interest rate for senior citizens: 3.5% to 7.9%.
2. RBL Bank
RBL Bank has also revised interest rates on FDs of less than ₹3 crore. These rates are effective from 15 December 2024.Interest rate for general citizens: 3.5% to 8%.Interest rate for senior citizens: 8.5%.Interest rate for super senior citizens (80 years and above): 8.75%.
3. Karnataka Bank
Karnataka Bank has changed the interest rates on FDs less than ₹3 crore from 2 December 2024. Interest rate for general citizens: 3.5% to 7.5%. Interest rate for senior citizens: 3.5% to 8%.
4. Bank of Maharashtra
Bank of Maharashtra has also changed the interest rates on FDs less than ₹3 crore from 11 December 2024.Interest rate for general citizens: 2.75% to 7.35%.Interest rate for senior citizens: 2.75% to 7.85%.
5. Equitas Small Finance Bank
Equitas Small Finance Bank has revised the interest rates on FDs from December 2, 2024.Interest rate for general citizens: 3.5% to 8.25%.Interest rate for senior citizens: 2.75% to 9%. Senior citizens will get additional 0.25% interest on tenure of 888 days.
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