Check which bank offers interest rates of 4.00 percent to 9.01 percent for general citizens, and 4.50 percent to 9.25 percent to senior citizens for deposits less than Rs 2 crore.
On a time to time basis banks keep on changing Fixed deposit interest rates. It also depends on the rate at which they offer their loan products to other customers. As a new financial year has started from 1st April 2024, some of the banks have revised their interest rates. Let us take a look at those banks which offered good FD rates.
Fincare Small Finance Bank FD Rates
Fincare Small Finance Bank (SFB) revised interest rates for savings bank deposits and fixed deposits. The new rates will be applicable from April 17, 2024. For savings deposits it offers up to 7.25% and on fixed deposits it offers up to 8% for general citizens and 8.50% for senior citizens.
IDBI Bank Fixed Deposit Rates
IDBI Bank revised the interest rates on its term deposits for amounts below Rs 2 crore. On FDs maturing in seven days to ten years, the Bank provides interest rates ranging from 3% to 7% on to regular clients, and 3.5% to 7.5% to the senior citizens for amounts below Rs 2 crore.
For senior citizens it offers 7.55%. The bank gives regular, NRE, and NRO customers an interest rate of 7.05% under the Utsav FD of 300 days.
Federal Bank Fixed Deposit Rates
Federal Bank revised fixed deposit interest rates for both resident and non-resident accounts, effective April 18, 2024. The bank offers FD interest rates between 3% to 7.40% for general citizens for tenures period of 7 days to 10 years. The highest interest rate for general citizens is 7.40% which is for the period of 400 days.
For senior citizens, the bank offers an interest rate between 3.50% to 7.90% for the period between 7 days to 10 years. The highest interest rate for senior citizens i.e. 7.90% is offered for the period of 400 days.
Bank of India Fixed Deposit Rates
Bank of India offers interest rates between 3% and 7.25% for the period of 7 days to 10 years. The new rates are effective from April 1, 2024.
Suryoday Small Finance Banks FD Rates
Suryoday Small Finance Bank (SSFB) also revised interest rates on fixed deposits. The new rates are effective from April 1, 2024.
The bank offers interest rates of 4.00 percent to 9.01 percent for general citizens, and 4.50 percent to 9.25 percent to senior citizens for deposits less than Rs 2 crore. The maturity period ranges between 7 days to 10 years.