These five banks revised fixed deposit rates in September 2024: Some banks have recently changed their fixed deposit (FD) interest rates for deposits less than Rs 3 crore, which is effective from September 2024. The list of banks that have changed their FD rates includes Bank of India, City Union Bank, Bank of Baroda and Karnataka Bank. Now this list has become longer. In fact, private sector bank IndusInd Bank has also changed the FD rates. The new rates are applicable from today. If you are planning to invest in the FD scheme of a bank, then you can check the updates related to the recent changes made in FD rates by 5 banks.
IndusInd Bank
IndusInd Bank has changed the interest rates on fixed deposits (FDs) of less than Rs 3 crore. According to the official website of the bank, the new FD rates are applicable from today, i.e. September 7, 2024. The bank is giving interest ranging from 3.50% to 7.99% to its general customers on FDs with tenures ranging from 7 days to 5 years. Customers below 60 years of age in the bank are getting the highest interest rate of 7.99% on FDs with tenures between 1 year 4 months to 1 year 6 months. Senior citizen FDs with tenures ranging from 7 days to 5 years in the bank are getting interest rates ranging from 4% to 8.49%, which is about 0.5 per cent higher than the general public. These rates are applicable on FDs with different tenures from today. Investors can avail 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 |
Also read: Best FD Rates: These banks are offering up to 9.5% interest on senior citizen FDs, a chance to earn good money in September
