FD interest rate up to 9. 1% in May 2024: These 7 banks have revised fixed deposit rates in May

economictimes.indiatimes.com:

banks have revised their fixed deposit interest rate in the month of May. These banks include SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, Capital Bank Small Finance Bank.

1. DCB Bank FD interest rates

DCB Bank has revised its fixed deposit interest rates (for amounts below Rs 2 crore). According to the DCB Bank website, the new rates are effective May 22, 2024.

The bank is offering the highest FD interest rate of 8% to general customers and 8.55% for senior citizens after the revision in tenure from 19 months to 20 months. The highest savings account interest rate offered is up to 8%.

This big bank now offers interest rate up to 8% on savings account, 8.55% on fixed deposits

2. IDFC FIRST Bank FD interest rates

IDFC FIRST Bank has revised fixed deposit interest rates on amounts less than Rs 2 crore. The new FD interest rates are effective May 15, 2024

Following the change, the bank currently offers interest rates ranging from 3% to 7.90% on deposits maturing in 7 days to 10 years for general citizens. For senior citizens, the bank offers an additional spread of 0.50% p.a. over the above rate, interest rate varies from 3.50% to 8.40%. The highest interest rate of 8% and 8.40% is offered on tenure of 500 days.

IDFC FIRST Bank revises FD interest rates: These fixed deposits to earn 8.4% rate

3. SBI FD interest rates

The State Bank of India (SBI) has raised its fixed deposit interest rates for certain time periods on retail deposits (up to Rs 2 crore) and bulk deposits