Latest Fixed deposit interest rates in May 24: 7 banks revise FD rates – earn up to 9.1% interest; check details

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Latest Fixed Deposit Rates May 2024: Several banks have adjusted their mounted deposit interest rates in May, together with SBI, DCB Bank, IDFC FIRST Bank, (*7*) Small Finance Bank, City Union Bank, RBL, and Capital Bank Small Finance Bank.

DCB Fixed Deposit Rates:

According to an ET report, DCB Bank has up to date its mounted deposit interest rates for quantities beneath Rs 2 crore, efficient from May 22, 2024.The financial institution now gives the best FD interest charge of 8% for normal clients and eight.55% for senior residents on tenures starting from 19 to 20 months. The most financial savings account interest charge supplied is 8%, the report mentioned.

IDFC First Fixed Deposit Rates:

IDFC FIRST Bank has additionally revised its mounted deposit interest rates for quantities lower than Rs 2 crore, with the brand new rates taking impact from May 15, 2024. The financial institution now provides interest rates starting from 3% to 7.90% on deposits maturing in 7 days to 10 years for normal residents.
Senior residents obtain a further unfold of 0.50% p.a. over the usual charge, with interest rates various from 3.50% to 8.40%. The highest interest charge of 8% for normal clients and eight.40% for senior residents is obtainable on a tenure of 500 days.

SBI Fixed Deposit Rates:

The State Bank of India (SBI) has elevated its mounted deposit interest rates for particular tenures on retail deposits (up to Rs 2 crore) and bulk deposits (above Rs 2 crore). According to the SBI web site, the brand new FD rates have been in impact since May 15, 2024.

(*7*) Small Finance Bank Fixed Deposit Rates:

(*7*) Small Finance Bank has up to date its mounted deposit interest rates for quantities beneath Rs 2 crore, efficient from May 1, 2024. The financial institution now gives interest rates starting from 4 % to 8.50 % for normal residents and 4.60 % to 9.10 % for senior residents. The most interest rates of 8.50 % and 9.10 % can be found on tenures spanning 2 years to 3 years.

RBL Fixed Deposit Rates:

Starting from May 1, 2024, RBL Bank has adjusted its mounted deposit interest rates for quantities lower than Rs 2 crore. The financial institution provides the best interest charge of 8% on FDs maturing between 18 and 24 months. On the identical FD tenure, the senior citizen will earn 0.50% additional i.e., 8.50%, and tremendous senior residents (80 years and above) are eligible for a further interest charge of 0.75% i,e., 8.75%.

Capital Small Finance Fixed Deposit Rates:

Capital Small Finance Bank has modified its mounted deposit interest rates for quantities beneath Rs 2 crore, with the modifications taking impact from May 6, 2024. The financial institution gives normal residents with interest rates starting from 3.5 % to 7.55 %, whereas senior residents can avail interest rates between 4 % and eight.05 %. The highest interest charge is obtainable on the tenure of 400 days.

City Union Bank Fixed Deposit Rates:

City Union Bank has amended its mounted deposit interest rates for quantities beneath Rs 2 crore, efficient from May 6, 2024. The financial institution provides interest rates between 5 % and 7.25 % for normal residents and between 5 % and 7.75 % for senior residents. The most interest rates of 7.25 % and 7.75 % can be found on the tenure of 400 days.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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