Several banks have updated their fixed deposit (FD) interest rates in May 2024. These changes impact general customers and senior citizens differently. Some of the banks offer attractive rates for various tenures.
Latest Fixed Deposit Rates 2024
Here’s a list of the banks that are offering decent return and their interest rates.
Latest DCB Bank Fixed Deposit (FD) Rates 2024
DCB Bank has revised its FD rates effective May 22, 2024, for amounts below Rs 2 crore. The highest interest rate paid by the bank is now 8 per cent for general customers and 8.55 per cent for senior citizens on a 20-month tenure.
Latest DCB Bank Savings Accounts Rates 2024
The bank also offers up to 8 per cent interest on savings accounts.
Latest IDFC FIRST Bank Fixed Deposit (FD) Rates 2024 For General Investors
Effective May 15, 2024, IDFC FIRST Bank‘s new FD rates range from 3 per cent to 7.9 per cent for general customers on deposits maturing between 7 days and 10 years.
Latest IDFC First Bank FD Rates 2024 For Senior Citizens
Senior citizens get an extra 0.5 per cent, with rates between 3.5 per cent and 8.4 per cent.
IDFC First Bank Highest FD Rates
The highest rate of 8 per cent for general customers and 8.4 per cent for senior citizens is on a 500-day tenure.
Latest State Bank of India (SBI) Fixed Deposit (FD) Rates 2024
SBI has increased FD rates for both retail (up to Rs 2 crore) and bulk deposits (above Rs 2 crore), effective May 15, 2024.
Latest Utkarsh Small Finance Bank Fixed Deposit (FD) Rates 2024
Utkarsh Small Finance Bank’s revised FD rates, effective from May 1, 2024, range from 4 per cent to 8.5 per cent for general customers and 4.6 per cent to 9.1 per cent for senior citizens.
Utkarsh Small Finance Bank Highest Rate On FDs
The highest rates are for tenures between 2 and 3 years.
Latest RBL Bank Fixed Deposit (FD) Rates 2024
RBL Bank updated its FD rates on May 1, 2024. The highest rate is 8 per cent for general customers on deposits maturing between 18 and 24 months. Senior citizens earn 8.50 per cent, while super senior citizens (80 years and above) get 8.75 per cent for the same tenure.
Read More: Mutual Fund SIP or Lump Sum, Which Is A Better Investment Mode For You?
Latest Capital Small Finance Bank Fixed Deposit (FD) Rates 2024
As of May 6, 2024, Capital Small Finance Bank offers FD rates between 3.5 per cent and 7.55 per cent for general customers and 4 per cent to 8.05 per cent for senior citizens.
Capital Small Finance Bank’s Highest FD Rate
The highest rate is for a 400-day tenure.
Latest City Union Bank Fixed Deposit (FD) Rates 2024
City Union Bank’s new FD rates, effective from May 6, 2024, range from 5 per cent to 7.25 per cent for general customers and 5 per cent to 7.75 per cent for senior citizens.
City Union Bank Highest Fixed Deposit Rates 2024
The highest rate applies to a 400-day tenure.
