FD Interest Increase: People earn considerable incomes by making fixed bank deposits. If you have kept some money at home, you can get a decent interest rate by creating a fixed bank deposit. Recently, some big banks in the country have given a significant gift by increasing the interest rates on fixed deposits. The increased interest rates are fixed from December 16, 2024.
Interest rates have been fixed differently for ordinary citizens and senior citizens. You can find out which bank offers what amount of interest on Fixed Deposits below. If you want to make substantial returns by investing in banks, you need to know the details of the interest available on Fixed Deposits.
How much interest is Federal Bank giving?
Federal Bank Federal Bank also offers strong interest rates to investors on Fixed Deposits. This bank surprised everyone by making significant changes in the interest rates implemented on December 16, 2024. The interest rate for ordinary citizens has been kept between 3 per cent and 7.4 per cent, and the interest rate for senior citizens has been fixed at 3.5 to 7 per cent.
You will also get bumper interest in RBL B.Didk.
Do you know that now you will get the benefit of bumper interest on Fixed Deposit in RBL Bank, the rates of which have now been revised. These rates have been made effective from 15 December 2024. The interest rate for common citizens has been fixed from 3.5 per cent to 8 per cent. The interest rate for senior citizens is 8.5 per cent, while for super senior citizens, it is 8.75 per cent.
What is the interest rate in the Bank of Maharashtra?
Bank of Maharashtra has also decided to increase the interest rate on Fixed Deposits. The rate for ordinary citizens has risen from 2.75 per cent to 7.35 per cent, and for senior citizens, it has increased from 2.75 per cent to 7.85 per cent.
Bumper interest will be available in Quitas Small Finance Bank.
People are intensely interested in infixed deposits at Quitas Small Finance Bank, the rates of which have been revised. The bank had revised the interest rates on FD from December 2, 2024. The interest rate for ordinary citizens is from 3.5 per cent to 8.25 per cent. At the same time, the interest rate for senior citizens has been fixed from 2.75% to 9%. Senior citizens will be given 0.25 per cent extra interest on a Fixed Deposit of 888 days.