Earn up to 8.75% FD rate: 5 banks have revised fixed deposit interest rates with effect from July 1 - Latest FD rates (2024)

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Latest FD rates Punjab and Sindh Bank fixed deposit rates Bank of India fixed deposit rates IndusInd Bank fixed deposit rates Ujjivan Small Finance Bank fixed deposit rates Axis Bank fixed deposit rates

Authored by

Sneha Kulkarni

,ET Online|

Jul 09, 2024, 02:05:18 PM IST

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Latest FD rates

With effect from July 1, 2024, some banks revised the interest rates on their fixed deposits for sums under Rs 3 crore. Note that some banks have updated the date and rates remain the same. Check which bank offers the highest interest rates after the revision.

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Punjab and Sindh Bank fixed deposit rates

Punjab and Sindh Bank has revised its fixed deposit (FD) interest rates with effect from July 1, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 7.80% for senior citizens on of 666 days. For individuals, the highest interest rate on FDs can go up to 7.3% on the same tenure.

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Bank of India fixed deposit rates

Bank of India has revised its fixed deposit (FD) interest rates with effect from June 30, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 7.80% for senior citizens on tenure of 666 days. For individuals, the highest interest rate on FDs can go up to 7.3% on the same tenure.

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IndusInd Bank fixed deposit rates

IndusInd Bank has revised the interest rates on fixed deposits (FDs) under Rs 3 crore. According to the bank's official website, the new rates are effective from July 3, 2024. The bank offers a fixed deposit interest rate between 3.50% and 7.75% for general citizens for FD tenures ranging from 7 days to 10 years. The highest interest rate of 7.75% is offered on FDs maturing between 1 year to 2 years.

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Ujjivan Small Finance Bank fixed deposit rates

Ujjivan Small Finance Bank has revised its fixed deposit (FD) interest rates with effect from July 1, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 8.75% for senior citizens on tenure of 12 months. For individuals, the highest interest rate on FDs can go up 8.25% on tenure of 12 months.

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Axis Bank fixed deposit rates

Axis Bank has revised its fixed deposit (FD) interest rates with effect from July 1, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 7.75% for senior citizens on tenure between 5 years to 10 years. For individuals, the highest interest rate on FDs can go up to 7.2% on tenure between 17 months to less than 18 months.

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Latest FD rates

Punjab and Sindh Bank fixed deposit rates

Bank of India fixed deposit rates

IndusInd Bank fixed deposit rates

Tenure

Senior Citizens

Ujjivan Small Finance Bank fixed deposit rates

Axis Bank fixed deposit rates