Fixed Deposit Revised Rates: Investment decisions often hinge on the security of the chosen investment. For safety and better returns, many opt for FDs. Recently, multiple banks have updated their FD interest rates for amounts less than 3 crore rupees, starting from July 1, 2024. Let’s take a look at these banks.
Axis Bank made this change in FD rates
Axis Bank has updated its fixed deposit (FD) interest rates starting July 1. According to the bank’s website, the new rates are applicable for FDs up to 3 crore rupees. Senior citizens will benefit from the highest rate of 7.75% on FDs with tenures between 5 and 10 years. For the general public, the interest rate can be as high as 7.2% for FDs with a tenure between 17 and 18 months. There are also other modifications to the FD rates.
ICICI Bank increased interest rates
ICICI Bank has updated its FD interest rates. According to the bank’s website, the new rates will be applicable on FDs up to Rs 3 crore. Common people will get up to 7.2% interest on FDs of 15 months to 2 years. Senior citizens will get the highest interest rate of 7.75% on FDs of less than 15 months to 18 months.
Punjab and Sindh Bank made these changes in FD
According to the website of Punjab and Sindh Bank, the new rates will be applicable on FDs up to Rs 3 crore. Senior citizens will get the highest interest of 7.80% on FDs of 666 days. At the same time, common people can get up to 7.3% interest for the same period.
FD rates of Ujjivan Small Finance Bank
Ujjivan Small Finance Bank has revised its fixed deposit (FD) interest rates, which will be effective from July 1, 2024. According to the bank’s website, the revised FD rates are applicable on FDs up to Rs 3 crore. The bank offers the highest interest rate of 8.75% to senior citizens on a period of 12 months. For individuals, the highest interest rate on FDs on a period of 12 months can go up to 8.25%. At the same time, 8.25% interest will now be given on FDs for 12 months 1 day to 560.
