Latest Bank Fixed Deposit Rates: Several banks have revised their fixed deposit (FD) interest rates, effective from July 1, 2024, with specific changes for amounts below Rs 3 crore. Notable updates include interest rates from Axis Bank, Ujjivan Small Finance Bank, ICICI Bank, Punjab and Sind Bank, and Bank of India. These revisions offer varied interest rates for senior citizens and individuals, with senior citizens seeing the highest rates on selected tenures.
Latest Punjab and Sind Bank FD Rates:
Punjab and Sind Bank has made changes to its fixed deposit rates starting from July 1, 2024. The bank offers a maximum interest rate of 7.80% for senior citizens for FDs with a tenure of 666 days. For individuals, the top interest rate available is 7.3% for the same tenure. The official bank website mentions that the revised FD rates are applicable for FDs of up to Rs 3 crore.
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| Revised w.e.f. 01/07/2024 (% p.a.) | |
| Maturity | Fixed Deposit |
| Less than Rs.3 Cr | |
| 7 – 14 Days | 2.80(#) |
| 15 – 30 Days | 2.8 |
| 31 – 45 Days | 3 |
| 46 – 90 Days | 4.25 |
| 91 – 120 Days | 4.25 |
| 121-150 Days | 4.75 |
| 151 – 179 Days | 4.75 |
| 180 – 221 Days | 5.25 |
| 222 Days | 6.30($) |
| 223 – 269 Days | 5.25 |
| 270 – 332 Days | 5.5 |
| 333 Days | 7.15($) |
| 334-<1 Year | 5.5 |
| 1 Year | 6.3 |
| >1 Years – 443 Days | 6 |
| 444 Days | 7.25($) |
| 445 Days – 665 Days | 6 |
| 666 days | 7.3 |
| 667 Days-2 years | 6 |
| Above 2 years<998 days | 6.3 |
| 999 days | 6.65 |
| 1000 Days < 3 years | 6.3 |
| 3 years – 5 years | 6 |
| >5 years – 10 years | 6.25 |
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Latest Bank of India FD Rates:
Bank of India has also updated its fixed deposit rates, effective from June 30, 2024, as stated on their website. The bank provides senior citizens with the highest interest rate of 7.80% for a tenure of 666 days. For individuals, the interest rate can go up to 7.3% for the same tenure.
| MATURITY (FOR NRE RUPEE TERM DEPOSITS, | FOR DEPOSITS OF LESS THAN RS.3 CR |
| MIN. TENOR IS 1 YEAR AND MAX. 10 YEARS) | REVISED W.E.F 30.06.2024 |
| 7 days to 14 days | 3 |
| 15 days to 30 days | 3 |
| 31 days to 45 days | 3 |
| 46 days to 90 days | 4.5 |
| 91 days to 179 days | 4.5 |
| 180 days to 210 days | 5.5 |
| 211 days to 269 days | 5.5 |
| 270 days to less than 1 year | 5.75 |
| 1 Year | 6.8 |
| Above 1 Year to less than 2 Years (except 666 Days) | 6.8 |
| 666 Days | 7.3 |
| 2 Years | 6.8 |
| Above 2 Years to less than 3 Years | 6.75 |
| 3 Years to less than 5 Years | 6.5 |
| 5 Years to less than 8 Years | 6 |
| 8 years & above to 10 Years | 6 |
