FD Rates Hike: These banks including SBI are giving bumper interest of up to 9.1% on FD..
Whenever it comes to investment with a guarantee, the first thought that comes to everyone's mind is FD (FD interest rate hike). In Fixed Deposit, your money remains completely safe and you also get guaranteed returns. In this month i.e. May 2024, many banks have increased FD interest rates. These include big banks like the State Bank of India (SBI bank), and IDFC FIRST Bank. Let us know by how much these banks have increased the FD interest rates.
1- DCB Bank
By making FD in DCB Bank, you will get 8.05 percent interest. Whereas senior citizens will be given an interest of 8.55 percent. This interest rate is being given on FD of 19 months to 20 months. This interest is being given on FD up to Rs 2 crore. According to the website of DCB bank (DCB bank FD interest rates), the bank has revised its rates from May 22, 2024.
2- IDFC FIRST
IDFC First Bank revised its FD rates on May 15 itself. Now the bank is offering 3% to 8% interest on FD up to Rs 2 crore (IDFC bank FD interest rates). This interest is being given on FD ranging from 7 days to 10 years. Whereas senior citizens are being given the additional interest of 0.50 percent (the latest FD interest rates). The highest interest rate given by the bank is 8 percent for a period of up to 500 days.
3- SBI
State Bank of India has revised the interest rates on FDs up to Rs 2 crore. While changing the interest rates on May 15, it has been revised up to 75 bps (SBI bank FD interest rate) for some periods. Up to 7 percent interest is being given on FD for a period of 2 to 3 years. Whereas senior citizens are getting interest up to 7.5 percent.
4- Utkarsh Small Finance Bank
If you want, Utkarsh Small Finance Bank has changed the interest rates for those making FD up to Rs 2 crore. Now interest ranging from 4 percent to 8.5 percent is being offered by the bank. If you are a senior citizen then you will get interest up to 9.1 percent.
5- RBL Bank
If we talk about an increase in FD interest rates, then RBL Bank has also revised its FD rates. These interest rates will also be applicable on FDs up to Rs 2 crore. The highest interest being given by RBL Bank (RBL bank FD interest rates) is 8 percent, which is being given for FD of 18-24 months.
6- Capital Bank Small Finance Bank
In the same month, Capital Small Finance Bank also revised the interest rates on FD. This will also be applicable on FD up to Rs 2 crore. Interest ranging from 3.5 percent to 7.55 percent is being offered by the bank. The highest interest rate is being offered on FD of 400 days.
7- City Union Bank
City Union Bank has also revised its FD interest rates for FDs up to Rs 2 crore. The bank is giving interest ranging from 5 percent to 7.25 percent to the customers. The highest interest of 7.25 percent is being given on 400 days FD.
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