Bank of Baroda (BOB), Bank of India (BOI), Karnataka Bank, City Union Bank, IndusInd Bank, and Suryoday Small Finance Bank (SFB) revised their fixed deposit (FD) interest rates during the week ending September 7, 2024. The revisions come after the Reserve Bank of India (RBI) Governor Shaktikanta Das recently advised banks to maintain a balanced credit-to-deposit ratio and boost household savings.

Here are the FD rates offered by these six banks for less than Rs 3 crore fixed deposits.

Bank Of Baroda (BOB):

The public sector bank revised its FD rates on September 5, 2024. It offers the highest 7.80 per cent to senior citizens. Here are the rates:

– 6.25 per cent for 181 days to 210 days

– 6.75 per cent for 211 days to 270 days

– 7.00 per cent for 271 days & above and less than one year (except 333 days and 360 days)

– 7.65 per cent for 333 days (BOB Monsoon Dhamaka Deposit Scheme)

– 7.60 per cent for 360 days (bob360)

– 7.35 per cent for one year

– 7.50 per cent for above one year to up to two years (except 399 days)

– 7.80 per cent for 399 days (BOB Monsoon Dhamaka Plus Deposit Scheme)

– 7.65 per cent for above 2 Years and up to 3 Years

– 7.15 per cent for above 3 Years and up to 5 Years

– 7.50 per cent for over 5 Years and up to 10 Years.

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Bank Of India (BOI):

The bank offers a maximum of 7.25 per cent for 333 days tenure to the general public, which would be 7.75 per cent for senior citizens as it provides seniors with an additional 0.50 per cent interest on FDs from six months to less than three years tenure and an extra 0.75 per cent for three years to 10 years tenure.

Here are the general public FD rates effective from September 1, 2024:

– 6.00 per cent for 180 days to less than one year (except 333 days)

– 7.25 per cent for 333 days (Star Dhan Vriddhi)

– 6.80 per cent for one year to two years

– 6.75 per cent for above two years to less than three years

– 6.50 per cent for three years to less than five years

– 6.00 per cent for five years to 10 years.

City Union Bank:

The bank revised its FD interest rates on September 1, 2024. The maximum rate for seniors is 8.00 per cent after the revision. It offers:

– 6.50 per cent for 181 days to 270 days

– 6.75 per cent for 271 days to 332 days

– 8.00 per cent for 333 days

– 7.25 per cent for 334 days to 400 days

– 6.75 per cent for 401 days to three years

– 6.50 per cent for over three years up to 10 years.

Besides, it is going to revise the rates for super senior citizens (80 years and above) effective from September 9, 2024, as per its website. The offered rates are:

– 6.50 per cent for 181 days to 270 days

– 6.75 per cent for 271 days to 332 days

– 8.10 per cent for 333 days

– 7.30 per cent for 334 days to 400 days

– 6.75 per cent for 401 days to three years

– 6.50 per cent for over three years up to 10 years.

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Karnataka Bank:

Effective September 3, 2024, the bank offers senior citizens the highest 8.00 per cent. Here are the other rates for them:

– 6.50 per cent for 180 days to below one year

– 7.00 per cent for 250 days only

– 7.85 per cent for one year to two years

– 8.00 per cent for 375 days

– 7.00 per cent for above two years to five years

– 6.30 per cent for over five years to 10 years.

IndusInd Bank:

Seniors can avail themselves of a maximum of 8.49 per cent interest on FD with the bank. It revised the rates today, September 7, 2024, and offers seniors:

– 6.35 per cent for 181 days to 210 days

– 6.60 per cent for 211 days to 269 days

– 6.85 per cent for 270 days to 354 days

– 7.00 per cent for 355 days to 364 days

– 8.25 per cent for one year to below one year four months (16 months)

– 8.49 per cent for one year four months to below one year six months

– 8.25 per cent for one year six months up to two years

– 7.75 per cent for above two years to below 61 months

– 7.50 per cent for 61 months and above.

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Suryoday Small Finance Bank:

Recently, the bank has revealed its plans to launch an FD for 20 years tenure. That would be the longest-term FD after its launch, as currently, banks offer FDs for a maximum of 10 years. On the existing FDs, the bank revised the rates on September 4, 2024, offering seniors the highest 9.10 per cent.

Here are the interest rates for seniors tenure-wise:

– 7.75 per cent for six months one day

– 6.00 per cent for above six months one day to nine months

– 6.50 per cent for above nine months to less than one year

– 7.35 per cent for one year

– 8.75 per cent for above one year up to 15 months

– 9.00 per cent for above 15 months to two years

– 9.10 per cent for above two years to three years

– 7.25 per cent for above three years to less than five years

– 8.75 per cent for five years

– 7.75 per cent for over five years to 10 years.