Bank Revised Interest rate on FD in December 2024: The last month of the year is going on. Many banks revised their FD rates this month. Which includes names ranging from government, private to small finance banks. Some of these banks made changes in bulk FD rates while many changed general FD rates. Which banks made changes in FD rates in the month of December, after the implementation of new rates, how much return is being given in which banks, let us know one by one.
government bank
Bank of Maharashtra
Bank of Maharashtra changed the FD rate in December. The bank is offering interest rates ranging from 2.75% to 7.35% per annum to its general customers on FDs of 7 days to more than 5 years. In which some specific tenure FD schemes are also included. The bank is giving 0.5 percent more interest on senior citizen FD than the general public. The new rates on the bank’s FD scheme are applicable from December 11, 2024.
Punjab National Bank
Punjab National Bank has changed the FD rate for the second time this month. The bank has changed the interest rates on bulk FDs from 7 days to 10 years. New rates on FDs of Rs 3 crore to Rs 10 crore are applicable from December 17. Earlier on December 13, the bank had made changes. Now the annual interest on FD in the bank ranges from 6% to 7.50%. Earlier this month, the bank had changed the rates for bulk FD on 13 December 2024. Whereas on FDs up to a maximum of Rs 3 crore, the bank is offering interest between 3.50 to 7.25 per cent per annum to its general customers and 4 to 7.75 per cent per annum on senior citizen FDs. For this, the last change in interest rates was made in October 2024.
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private bank
Karnataka Bank
Private sector bank Karnataka made changes in its FD rates of various tenures at the beginning of the last month of the year. The bank is offering 3.5% to 7.50% interest on FD up to Rs 3 crore to its general customers and up to 8% interest on senior citizen FD. The changed interest rates on FDs up to Rs 3 crore are applicable in the bank from December 2, 2024.
RBL Bank
After Karnataka Bank, the next name in this list of private banks changing rates is RBL Bank. The new rates in the bank are applicable from December 15, 2024. RBL Bank is offering 3.50% to 8% interest to its general customers on FDs of 7 days to 120 months. On senior citizen FDs with the same tenure, interest rates in the bank range from 4% to 8.50% per annum. These interest rates are applicable on investments up to a maximum of Rs 3 crore.
Federal Bank
It is being told that Federal Bank has recently changed the FD rate. The new rates in the bank are applicable from 16 December 2024. The bank is offering 3% to 7.40% annual interest to its general customers on FDs with tenure of more than 7 days to 5 years. Whereas on senior citizen FD, interest is available in the bank at the rate of 3.50% to 7.90% per annum.
Axis Bank
Axis Bank recently changed the FD rates for different tenures. The new rates on General and Senior Citizen FDs of more than Rs 5 crore in the bank have come into effect from December 21, 2024. To its general customers, private banks are now offering interest rates ranging from 4.75 to 7.30 percent on FDs ranging from 7 days to 10 years. Whereas on senior citizen FD with equal tenure of more than Rs 5 crore, the returns in the bank are between 4.75% to 7.8%.
hdfc bank
HDFC Bank, the largest private sector bank, has also changed the interest rates on bulk FD from December 22, 2024. These changes have been made for non-withdrawal FDs above Rs 2 crore and FD schemes above Rs 5 crore. Earlier, on December 5, 2024, the bank had changed the interest rates for its FDs from Rs 3 crore to Rs 5 crore. However, for FDs less than Rs 3 crore, the last change made by the private bank was on July 24, 2024. Currently, common people are getting 3 to 7.4 percent annual interest rate on FDs of less than Rs. 3 crores and 3.50 to 7.90 percent annual returns on senior citizen FDs of the same tenure.
Also read: FD Rates: Where will you get the highest return on tax saving FD, check the list of banks before investing money.
Small Finance Bank
Equitas Small Finance Bank
At the beginning of the last month of the year, a small finance bank has changed the FD rate. Whose name is Equitas Small Finance Bank. In Equitus Small Finance Bank, general customers are getting interest ranging from 3.50% to 8.25% per annum on FD of maximum Rs 3 crore. The bank is giving 0.5% extra interest on FD to its customers above 60 years of age. Investors are getting the highest return on FD of 888 days. The new rates in Small Finance Bank are applicable from December 2, 2024.
