DCB Bank

DCB Bank has revised its FD interest rates for amounts less than Rs 2 crore. According to the DCB Bank website, the new rates are effective from May 22, 2024. The bank is offering the highest FD interest rate of 8 per cent to general customers and 8.55 per cent to senior citizens after the revision for the period of 19 months to 20 months.

IDFC FIRST Bank

IDFC First Bank has revised FD interest rates on amounts less than Rs 2 crore. The new rates are effective from May 15, 2024. After the change, the bank currently offers interest rates ranging from 3 per cent to 7.90 per cent for general citizens on deposits maturing in 7 days to 10 years. The bank offers 0.50 per cent additional interest to senior citizens. The bank offers interest rates ranging from 3.50 per cent to 8.40 per cent to senior citizens. The highest interest rate of 8 per cent is offered to general citizens and 8.40 per cent to senior citizens on a period of 500 days.

State Bank Of India

SBI has increased its FD interest rates on retail deposits (up to Rs 2 crore) and bulk deposits (above Rs 2 crore) for a certain period. According to the SBI website, the new FD rates are effective from May 15, 2024.

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Utkarsh Small Finance Bank

Utkarsh Small Finance Bank has revised its FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 1, 2024. After the revision, the bank is offering interest rates between 4 per cent to 8.50 per cent for general citizens while for senior citizens, the bank offers interest rates between 4.60 per cent to 9.10 per cent. The highest interest rate of 8.50 per cent is being offered to general citizens and 9.10 per cent to senior citizens for a period of 2 years to 3 years.

RBL Bank

RBL Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 1, 2024. RBL Bank offers the highest interest rate of 8 per cent on FDs maturing between 18 and 24 months. Senior citizens on the same FD tenure will earn an additional 0.50 per cent i.e. 8.50 per cent interest rate and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75 per cent i.e. 8.75 per cent.

Capital Small Finance Bank

Capital Small Finance Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 6, 2024. The bank is offering interest rates between 3.5 per cent to 7.55 per cent to general citizens. The bank is offering interest rates between 4 per cent to 8.05 per cent for senior citizens. The highest interest rate is being offered for a period of 400 days.

City Union Bank

City Union Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 6, 2024. The bank is offering interest rates between 5 per cent to 7.25 per cent for general citizens and 5 per cent to 7.75 per cent for senior citizens. The highest interest rate of 7.25 per cent to general citizens and 7.75 per cent to senior citizens is being offered for a period of 400 days.

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The bank is now offering a maximum interest rate of 7 per cent on tenure of 399 days. According to the official website of Union Bank of India, the new FD rates have come into effect from today, May 23, 2023.

Union Bank FD Rates

Union Bank is now offering 3 per cent interest rate on fixed deposits maturing in 7 to 45 days, while Union Bank of India is also offering 4.05 per cent interest rate on FDs maturing in 46 to 90 days. For 91 to 120 days, now the rate of return will be 4.30 per cent, while the deposit of 121 to 180 days will get interest at the rate of 4.40 per cent.

FDs maturing in 181 days to one year will now fetch 5.25 per cent interest, while FDs maturing in one year to 398 days will now fetch 6.30 per cent interest. The bank now offers a maximum interest rate of 7.00 per cent on deposits maturing in 399 days, and Union Bank of India now offers a return of 6.30 per cent on deposits maturing in 400 days to three years.

Effective interest rates (Rates in % per annum) from 23.05.2023

Additional Return for Senior Citizen

The current interest rates offered by Union Bank of India are 6.50 per cent for three year term deposits and 6.70 per cent for three to 10 year term deposits. Union Bank of India offers additional interest rates on FDs up to 5 crores for Senior Citizens and Super Senior Citizens under its Domestic Term Deposit Scheme. The additional rate component is 0.50 per cent above the normal rates applicable to Senior Citizen deposits. Whereas for super senior it is 0.75 percent more than the normal rate.

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At the same time, the bank has offered senior citizens an additional interest rate on FD investment. Dhanlaxmi Bank gives customers the opportunity to invest on FDs ranging from 7 days to 10 years. According to the official website of the bank, the bank has offered a minimum interest rate of 3.25% to 7.25% on FD investment with maturity of 7 days to 10 years. Senior investors will be given the benefit of additional interest rate. The new rates are effective from 3 May 2023.

Dhanlaxmi Bank FD Interest Rates

• The bank will now pay an interest rate of 3.25% on FDs maturing in 7 to 14 days.
• Dhanlaxmi Bank will pay an interest rate of 5.75% on FDs maturing in 15 to 45 days.
• Will give an interest rate of 6.25% on deposits with a tenure of 91 days to 179 days.
• An interest rate of 6.00% is offered on FDs of 46 days to 90 days.
• Interest will be given at the rate of 6.50% on FDs maturing in 180 days or less than one year.
• FDs with a tenure of 1 year and more than 2 years will earn interest at the rate of 6.75%.
• 7.25 percent interest rate will be given on FDs maturing in 555 days (18 months and 7 days).
• 6.50% interest rate is offered for FDs above 2 years and up to 5 years.

Additional Interest Rate to Senior Citizens

Senior citizens are eligible for an additional interest rate of 0.50% per annum as per Dhanlaxmi Bank website. The bank said that except for Dhanam Tax Advantage Deposit Scheme, seniors will continue to get the benefit of additional interest rate on all domestic FDs of 1 year or more.

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