Bank FD interest rate! Get up to 9.10 percent interest on FD, these 4 banks made changes in interest rates in May

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In May 2024, many banks together with Utkarsh Small Finance Bank, City Union Bank, RBL Bank and Capital Small Finance Bank revised their FD interest rates.

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Whenever there may be discuss of financial savings, the identify of mounted deposit (FD) undoubtedly comes up. Your funding in mounted deposit is secure, and also you additionally get assured returns. If you additionally need to make investments in FD then that is helpful information for you.

In May 2024, many banks together with Utkarsh Small Finance Bank, City Union Bank, RBL Bank and Capital Small Finance Bank revised their FD interest rates. Here is the record of revised FD rates in May.

Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has revised its FD interest rates for quantities lower than Rs 2 crore. The revised rates are efficient from May 1, 2024. After the modification, the financial institution is offering interest rates between 4 percent to 8.50 percent for normal residents, whereas for senior residents the financial institution is offering interest rates between 4.60 percent to 9.10 percent. The highest interest charge of 8.50 percent is being provided to normal residents and 9.10 percent to senior residents for a tenure of two years to 3 years.

City Union Bank
City Union Bank has revised FD interest rates for quantities lower than Rs 2 crore. The revised FD interest rates are efficient from May 6, 2024. The financial institution is providing interest rates between 5 percent to 7.25 percent for normal residents and between 5 percent to 7.75 percent for senior residents. The highest interest charge of seven.25 percent is being provided to normal residents and seven.75 percent to senior residents on a tenure of 400 days.

RBL Bank
RBL Bank has revised FD interest rates for quantities lower than Rs 2 crore. The revised FD interest rates are efficient from May 1, 2024. RBL Bank provides the best interest charge of 8 percent on FDs maturing between 18 to 24 months. On the identical FD tenure, senior residents will earn an extra interest charge of 0.50 percent i.e. 8.50 percent and tremendous senior residents (80 years and above) are eligible for an extra interest charge of 0.75 percent i.e. 8.75 percent.

Capital Small Finance Bank
Capital Small Finance Bank has revised FD interest rates for quantities lower than Rs 2 crore. The revised rates are efficient from May 6, 2024. The financial institution is offering interest rates between 3.5 percent to 7.55 percent to frequent residents. The financial institution is providing interest rates between 4 percent to 8.05 percent for senior residents. The highest interest charge is being given on a interval of 400 days.

Highest FD Rates: Two banks give extra interest on Fixed Deposit than PPF-Sukanya Samriddhi

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