FD Rates: Five banks including Bank of Baroda, Bank of India, IndusInd Bank changed their fixed deposit rates in the first week of September. One more name has been added to the list of banks that have changed their FD rates this week. The FD interest rates of the leading private sector bank with different tenures have changed from today.
Now, in Axis Bank, general customers are getting 3 to 7.25 percent annual interest on FDs with tenures ranging from 7 days to 10 years. On FDs with similar tenure, the bank is offering 3.5 to 7.75 percent annual interest to its senior citizens i.e. customers aged 60 years and above. From today i.e. Tuesday, September 10, these new rates are applicable on investments of less than Rs 3 crore.
How much interest is being received on which tenure FD
Axis Bank is giving the highest annual return of 7.25 and 7.75 percent to its general customers and senior citizens on deposits for a period of 16 months to 2 years. Senior citizens are also getting 7.75 percent annual interest on tax saving 5-year FD in the bank. You can see the details of FD interest rates for different periods here.
| Tenure |
Interest Rate (%) (for common people) |
Interest Rate (%) (for senior citizens) |
| 7-14 days |
3.00 |
3.50 |
| 15-29 days |
3.00 |
3.50 |
| 30-45 days |
3.50 |
4.00 |
| 46-60 days |
4.25 |
4.75 |
| 61 days < 3 months |
4.50 |
5.00 |
| 3 months – 3 months 24 days |
4.75 |
5.25 |
| 3 months 25 days < 4 months |
4.75 |
5.25 |
| 4 months < 5 months |
4.75 |
5.25 |
| 5 months < 6 months |
4.75 |
5.25 |
| 6 months < 7 months |
5.75 |
6.25 |
| 7 months < 8 months |
5.75 |
6.25 |
| 8 months < 9 months |
5.75 |
6.25 |
| 9 months < 10 months |
6.00 |
6.50 |
| 10 months < 11 months |
6.00 |
6.50 |
| 11 months – 11 months 24 days |
6.00 |
6.50 |
| 11 months 25 days < 1 year |
6.00 |
6.50 |
| 1 year – 1 year 4 days |
6.70 |
7.20 |
| 1 year 5 days – 1 year 10 days |
6.70 |
7.20 |
| 1 year 11 days – 1 year 24 days |
6.70 |
7.20 |
| 1 year 25 days < 13 months |
6.70 |
7.20 |
| 13 months < 14 months |
6.70 |
7.20 |
| 14 months < 15 months |
6.70 |
7.20 |
| 15 months < 16 months |
7.25 |
7.75 |
| 16 months < 17 months |
7.25 |
7.75 |
| 17 months < 18 months |
7.25 |
7.75 |
| 18 Months < 2 years |
7.25 |
7.75 |
| 2 years < 30 months |
7.10 |
7.60 |
| 30 months < 3 years |
7.10 |
7.60 |
| 3 years < 5 years |
7.10 |
7.60 |
| 5 years to 10 years |
7.00 |
7.75 |
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Bank Of Baroda
Bank of Baroda has changed the FD interest rates for amounts less than Rs 3 crore. The new rates will be implemented this ThursdaySeptember 5, 2024These have come into effect from 2017. After the change in interest rate, the bank is offering 4.25% and 7.30% to its general customers on FDs with tenures ranging from 7 days to 10 years. Whereas investors aged 60 years and above are getting interest ranging from 4.75% to 7.80% on FDs of different tenures.
| Tenure | Interest Rate (%) (for common people) | Interest Rate (%) (for senior citizens) |
| 7 days to 14 days | 4.25 | 4.75* |
| 15 days to 45 days | 4.50 | 5.00* |
| 46 days to 90 days | 5.50 | 6.00* |
| 91 days to 180 days | 5.60 | 6.10* |
| 181 days to 210 days | 5.75 | 6.25* |
| 211 days to 270 days | 6.25 | 6.75* |
| 271 days & above and less than 1 year (except 333Days and 360 Days) | 6.50 | 7.00* |
| 333 Days (bob Monsoon Dhamaka Deposit Scheme) | 7.15 | 7.65* |
| 360 Days (bob360) | 7.10 | 7.60* |
| 1 year | 6.85 | 7.35* |
| 399 Days (bob Monsoon Dhamaka Plus Deposit Scheme) | 7.30 | 7.80* |
| Above 1 year to 400 days (Except 399 Days) | 7.00 | 7.50* |
| Above 400 days and upto 2 Years | 7.00 | 7.50* |
| Above 2 Years and upto 3 Years | 7.15 | 7.65* |
| Above 3 Years and upto 5 Years | 6.50 | 7.15, |
| Above 5 Years and upto 10 Years | 6.50 | 7.50** |
| Above 10 years (MACT/MACAD Court Order schemes only) | 6.25 | 6.75* |
Karnataka Bank
The Karnataka BankFrom September 3, 2024The bank has changed its FD interest rates for amounts less than Rs 3 crore. After the change in rates, now the common people are getting interest rates ranging from 3.50% to 7.50% on FDs of different tenures. The bank is offering interest rates ranging from 3.75% to 8% on FDs to its customers above 60 years of age. The highest interest rate of 7.50% (for common people) and 8% (for senior citizens) is being given on FDs with a tenure of 375 days.
| Tenure |
Interest Rate (%) For the common people |
Interest Rate (%) For senior citizens |
|---|---|---|
| 7 days to 45 days | 3.50 | 3.75 |
| 46 days to 90 days | 4.00 | 4.25 |
| 91 days to 179 days | 5.25 | 5.50 |
| 180 days to 1 year below | 6.25 | 6.50 |
| 250 days only (FD & ACC) | 6.75 | 7.00 |
| 1 year to 2 years | 7.35 | 7.85 |
| 375 days- (FD & ACC) | 7.50 | 8.00 |
| Above 2 years to 5 years | 6.50 | 7.00 |
| Above 5 years to 10 years | 5.80 | 6.30 |
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bank of india
Bank of India has also revised its FD interest rates. Along with this, a new special FD scheme has also been introduced with higher returns. New FD rates1st September 2024These are applicable from 2015. After the change in rates, general customers are getting 3% to 7.25% interest on FD schemes with tenure between 7 days to 10 years. Whereas, the interest rates on senior citizen FDs have now become between 3% to 7.75%. The bank is giving interest rates between 3% to 7.90% on FDs to its super senior citizens, i.e. people above 80 years of age.
| Tenure |
Interest Rate (%) For the common people |
Interest Rate (%) For senior citizens |
Interest Rate (%) (For Super Senior Citizens) |
|---|---|---|---|
| 07 days to 14 days | 3.00 | 3.00 | 3.00 |
| 15 days to 30 days | 3.00 | 3.00 | 3.00 |
| 31 days to 45 days | 3.00 | 3.00 | 3.00 |
| 46 days to 90 days | 4.50 | 4.50 | 4.50 |
| 91 days to 179 days | 4.50 | 4.50 | 4.50 |
| 180 days to 210 days | 6.00 | 6.50 | 6.65 |
| 211 days to 269 days | 6.00 | 6.50 | 6.65 |
| 270 days to less than 1 Year (except 333 Days) | 6.00 | 6.50 | 6.65 |
| 333 Days (Star Dhan Vriddhi) | 7.25 | 7.75 | 7.90 |
| 1 Year | 6.80 | 7.30 | 7.45 |
| Above 1 Year to less than 2 Years | 6.80 | 7.30 | 7.45 |
| 2 Years | 6.80 | 7.30 | 7.45 |
| Above 2 Years to less than 3 Years | 6.75 | 7.25 | 7.40 |
| 3 Years to less than 5 Years | 6.50 | 7.25 | 7.40 |
| 5 Years to less than 8 Years | 6.00 | 6.75 | 6.90 |
| 8 years and above to 10 Years | 6.00 | 6.75 | 6.90 |
City Union Bank
from the first of SeptemberCity Union Bank has changed its FD interest rates for amounts less than Rs 3 crore. After this change, now common customers are getting interest rates ranging from 5% to 7.50% on FDs of different tenures in the bank. The bank is offering interest rates ranging from 5% to 8% on FDs to its customers aged 60 years and above. The bank is offering the highest interest rate of 7.50% (to common people) and 8% (to senior citizens) on FDs with a tenure of 333 days. On the other hand, super senior citizens i.e. people above 80 years of age will get 8.10% interest on FDs of the same tenure. New rates will be announced on Monday9 SeptemberWill be applicable from.
| Tenure |
Interest Rate (%) For the common people |
Interest Rate (%) For senior citizens |
Interest Rate (%) For super senior citizens |
|---|---|---|---|
| 7 days to 14 days | 5.00% | 5.00% | 5.00% |
| 15 days to 45 days | 5.50% | 5.50% | 5.50% |
| 46 days to 90 days | 5.75% | 5.75% | 5.75% |
| 91 days to 180 days | 6.00% | 6.00% | 6.00% |
| 181 days to 270 days | 6.25% | 6.50% | 6.50% |
| 271 days to 332 days | 6.50% | 6.75% | 6.75% |
| 333 days | 7.50% | 8.00% | 8.10% |
| 334 days to 400 days | 7.00% | 7.25% | 7.30% |
| 401 days to 3 Years | 6.50% | 6.75% | 6.75% |
| Above 3 Years upto 10 Years | 6.25% | 6.50% | 6.50% |
| Tax Saver | 7.10% | 7.10% | 7.10% |
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IndusInd Bank
Indusind Bank has changed the interest rates on fixed deposits (FD) of less than Rs 3 crore. According to the official website of the bank, new FD ratesSeptember 7, 2024That is, they are applicable from today. The bank is giving interest ranging from 3.50% to 7.99% to its general customers on FDs with tenure ranging from 7 days to 5 years. Customers below 60 years of age in the bank are getting the highest interest of 7.99% on FDs with tenure between 1 year 4 months to 1 year 6 months. Senior citizens in the bank are getting about 0.5% higher interest rate i.e. between 4% to 8.49% on FDs with tenure ranging from 7 days to 5 years as compared to the general public. These rates are applicable on FDs of different tenures from today. Investors can avail the benefit of the new interest rate applicable today on bank FDs on deposits up to Rs 3 crore.
| Tenure |
Interest Rate (%) (for common people) |
Interest Rate (%) (for senior citizens) |
| 7 days to 14 days | 3.5 | 4 |
| 15 days to 30 days | 3.5 | 4 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 60 days | 4.75 | 5.25 |
| 61 days to 90 days | 4.75 | 5.25 |
| 91 days to 120 days | 4.75 | 5.25 |
| 121 days to 180 days | 5 | 5.5 |
| 181 days to 210 days | 5.85 | 6.35 |
| 211 days to 269 days | 6.1 | 6.6 |
| 270 days to 354 days | 6.35 | 6.85 |
| 355 days to 364 days | 6.5 | 7 |
| 1 Year to below 1 Year 3 months | 7.75 | 8.25 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 7.75 | 8.25 |
| 1 Year 4 months to below 1 Year 6 months | 7.99 | 8.49 |
| 1 Year 6 Months up to 2 Years | 7.75 | 8.25 |
| Above 2 Years to below 2 Years 6 Month | 7.25 | 7.75 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 7.25 | 7.75 |
| 2 years 7 months to 3 years 3 months | 7.25 | 7.75 |
| Above 3 years 3 months to below 61 months | 7.25 | 7.75 |
| 61 months and above | 7 | 7.5 |
| Indus Tax Saver Scheme (5 years) | 7.25 | 7.75 |
