Senior citizens FD: Whenever there is talk of savings, the name of fixed deposits i.e. FD of banks definitely comes up. In fixed deposit, your investment not only remains safe, you also get guaranteed returns. If you are planning to invest in FD then this news is useful for you. In October 2024, 7 banks including Shivalik Small Finance Bank, IndusInd Bank, Federal Bank, Punjab & Sind Bank, Bank of Baroda and Punjab National Bank have revised their FD interest rates.
Shivalik Small Finance Bank
Shivalik Small Finance Bank had changed the interest rates on October 24. The bank is giving 3.5% to 8.3% interest on FD to its customers while senior citizens are getting 4% to 8.8% interest. The highest interest is being given on FD with a tenure of 18 months to 24 months, which is 8.30% for general customers and 8.80% for senior citizens.
IndusInd Bank
IndusInd Bank had changed the interest rates on October 7. The bank is offering 3.5% to 7.75% interest on FD to general customers while senior citizens are getting 4% to 8.25% interest. The highest interest is available on FD with a tenure of 1 year to 2 years.
IDFC First Bank
The new rates of IDFC First Bank are effective from October 16. The bank is giving interest ranging from 3% to 7.75% to its customers. The highest interest being given by the bank on fixed deposits with a tenure of 400 to 500 days is 7.75%.
Federal Bank
The new FD rates of Federal Bank are effective from October 16. The bank is giving interest ranging from 3% to 7.4% to its customers. The highest interest of 7.40% is being given on FD with a tenure of 777 days.
Bank of Baroda
The new FD rates of Bank of Baroda are effective from October 14. The bank is giving interest ranging from 4.25% to 7.30% to its customers. Senior citizens are being given additional interest of 0.50% on FD.
Punjab National Bank
Punjab National Bank is offering FD rates ranging from 3.50% to 7.25% for general customers for tenures ranging from 7 days to 10 years. For senior citizens, the bank offers interest rates ranging from 4% to 7.75% and for super senior citizens, it offers interest rates ranging from 4.30% to 8.05%. These rates are effective from October 1, 2024.
Punjab and Sindh Bank
Punjab & Sind Bank is offering FD rates ranging from 4% to 7.45% for general citizens on callable deposits for tenures ranging from 7 days to 10 years. The bank is offering the highest interest rate of 7.50% on non-callable deposits for tenure up to 555 days.
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