Recent fixed deposit changes by banks

By Poonam behura published sept 02, 2024

State Bank of India (SBI) (effective June 15, 2024)

[{"selector":"#anim-6f99f192-bc7b-48bb-a8a4-a19e8214397c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The bank has set peak FD interest rate of 7.50% for senior citizens. It is applicable for tenures of 5 years to 10 years

ICICI Bank (effective September 3)

[{"selector":"#anim-83efc0a6-7564-4018-8021-0a3229ecce15 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Senior citizens can earn up to 7.80% through the bank's latest FD rate. Individuals can earn up to 7.25%.

HDFC Bank (effective July 24, 2024)

[{"selector":"#anim-46229c91-2942-4ace-9c6c-a5f2498b835e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The bank's FD rates range from 3% to 7.40% for amounts up to Rs 3 crore. Highest rate of 7.25% applies to tenures of 18 to 21 months.

Axis Bank (effective July 1, 2024)

[{"selector":"#anim-f5532e07-97ac-42f0-b930-33662607db91 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The bank's highest rate for senior citizens is 7.75% for tenures of 5 to 10 years. For others, the highest rate is 7.20% on tenures of 17 to 18 months.

IndusInd Bank (effective July 3, 2024)

[{"selector":"#anim-94e94ae9-2da3-47c8-b983-ac8a80940f38 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The bank's FD rates range from 3.50% to 7.75% for amounts up to Rs 3 crore. Highest rate of 7.75% applies to tenures of 1 to 2 years.

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