FD Rates: Last month i.e. in October 2024, Shivalik Small Finance Bank, IndusInd Bank, Federal Bank, Punjab & Sind Bank, Bank of Baroda and Punjab National Bank changed their FD interest rates. Read here complete information related to the offers of these banks.
Whenever there is talk of savings, the name of banks’ fixed deposits i.e. FD definitely comes up. Your investment in fixed deposits is safe, along with this you also get guaranteed returns. If you are planning to invest in FD then this news is of your use. In October 2024, 7 banks including Shivalik Small Finance Bank, IndusInd Bank, Federal Bank, Punjab and Sindh Bank, Bank of Baroda and Punjab National Bank revised their FD interest rates.
Shivalik Small Finance
Bank had changed the interest rates on 24 October. The bank is giving 3.5% to 8.3% interest to customers on FDs, while senior citizens are getting 4% to 8.8% interest. The highest interest is being given on FDs of 18 months to 24 months duration, which is 8.30% for general customers and 8.80% for senior citizens.
IndusInd
Bank had changed the interest rates on 7 October. The bank is giving interest ranging from 3.5% to 7.75% on FDs to general customers while senior citizens are getting interest ranging from 4% to 8.25%. The highest interest is being given on FDs with tenure of 1 year to 2 years.
IDFC First Bank
New rates of IDFC First Bank are applicable from 16 October. The bank is offering interest ranging from 3% to 7.75% to its customers. The highest interest rate of 7.75% is being given by the bank on fixed deposits of 400 to 500 days duration.
Federal Bank
Federal Bank’s new FD rates are effective from October 16. The bank is offering interest rates ranging from 3% to 7.4% to its customers. The highest interest rate of 7.40% is being offered on FDs with a duration of 777 days.
Bank of Baroda
Bank of Baroda’s new FD rates are effective from October 14. The bank is giving interest ranging from 4.25 percent to 7.30 percent to its customers. Senior citizens are being given an extra 0.50 percent interest on FD.
Punjab National Bank
Punjab National Bank is offering FD rates ranging from 3.50% to 7.25% for tenures ranging from 7 days to 10 years for general customers. For senior citizens, the bank offers interest rates ranging from 4% to 7.75% and for super senior citizens, it offers interest rates ranging from 4.30% to 8.05%. These rates are effective from October 1, 2024.
Punjab & Sind Bank
Punjab & Sind Bank is offering FD rates ranging from 4% to 7.45% on callable deposits for tenures ranging from 7 days to 10 years for general citizens. The bank is offering the highest interest rate of 7.50% on non-callable deposits for tenures up to 555 days.
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