Four Banks Offering High Interest Rates up to 9.1% on FD under Rs 2 Crore
These Four banks across India have made adjustments to their fixed deposit interest rates, aiming to attract more customers and provide competitive returns on savings. Among the banks that have revised their rates are Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank, and Capital Small Finance Bank, each offering lucrative options for investors. These Four Bank has revised fixed deposit interest rates for amounts below Rs 2 crore. The revised FD interest rates are effective from May 1, 2024.
RBL Bank FD Interest Rate
RBL Bank offers the highest interest rate of 8% on FDs maturing between 18 and 24 months. On the same FD tenure, the senior citizen will earn 0.50% extra i.e., 8.50%, and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75% i.e. 8.75%.
City Union Bank FD Interest Rate
City Union Bank has revamped its FD interest rates, catering to the financial needs of its customers. For general citizens, the bank offers rates between 5% and 7.25%, while senior citizens can avail themselves of rates ranging from 5% to 7.75%. The bank’s highest interest rates of 7.25% and 7.75% are available on the tenure of 400 days.
Capital Small Finance Bank FD Interest Rate
Capital Small Finance Bank now offers general citizens an attractive interest rate ranging between 3.5% and 7.55% on fixed deposits. Meanwhile, senior citizens can enjoy even higher returns, with interest rates between 4% and 8.05%. The bank offers its highest interest rates on a tenure of 400 days, making it a lucrative option for investors seeking short-term gains.
Utkarsh Small Finance Bank FD Interest Rate
Utkarsh Small Finance Bank revised its fixed deposit interest rates, the bank offers an interest rate between 4 percent and 8.50 percent for general citizens. For senior citizens, the bank offers an interest rate between 4.60 percent and 9.10 percent. The highest interest rate of 8.50 percent and 9.10 percent is offered on tenures of 2 years to 3 years.
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