Fixed deposits i.e. FD are one of the safe options for investment. To get good returns on their savings, banks prefer to invest money in FD instead of savings account. Because one earns more in the form of interest on FD as compared to bank savings account. Recently many banks have changed their FD interest rates, which include Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank and Capital Small Finance Bank. If you want to get good returns by investing money in the FD schemes of these banks. Here you can see the new interest rates offered on FD.
Utkarsh Small Finance Bank
In Utkarsh Small Finance Bank, interest is being given at the rate of 8.50-9.10 percent on FD with tenure of 2 years to 3 years. The bank is offering interest at the rate of 4 – 8.50 percent to its general customers on FDs of different tenures. Whereas the interest rate of the bank for senior citizens on FD of different tenures is between 4.60% to 9.10%. The bank has changed the interest rates in the beginning of this month. The new rates are applicable from May 1, 2024. This rate is available on investment of less than Rs 2 lakh.
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RBL Bank
RBL Bank has changed the fixed deposit interest rate for amounts less than Rs 2 crore. The new rates are applicable from May 1, 2024. Ordinary citizens are getting interest at the rate of 8 percent on FD of RBL Bank with a tenure of 18 to 24 months. The interest rate for senior citizens on FD with the same tenure is 8.50%. The bank is giving interest at the rate of 8.75 percent on FD to super seniors who have crossed the age of 80 years.
