SBI, Axis, IDFC Are Among 5 Banks That Have Revised FD Rates This Week: Learn More
Five banks, including a small finance bank, have revised their fixed deposit rates during the week ending May 18, 2024. Know the details
![SBI, Axis, IDFC Are Among 5 Banks That Have Revised FD Rates This Week: Learn More](/_next/image?url=https%3A%2F%2Fs3.ap-south-1.amazonaws.com%2Fimages.outlookindia.com%2Fwp-content%2Fuploads%2F2024%2F05%2Fshutterstock_2351949723-300x200.jpg&w=256&q=75)
Five banks, including a small finance bank, have revised their fixed deposit rates during the week ending May 18, 2024. Know the details
Four banks have revised their interest rates in the week ending April 20, 2024. Know the details.
Five banks have revised their fixed deposit (FD) rates this week, close in the heels of the Reserve Bank of India’s (RBI) monetary policy committee (MPC) meeting that concluded on Friday.
Small finance banks offer higher interest on fixed deposits than larger banks. The rates are currently 9 per cent or more for senior citizens
Axis Bank and Ujjivan Small Finance Bank revised their fixed deposit (FD) rates in the week ending March 9, 2024;know the interest rates of small saving schemes for the next quarter.
Ahead of Christmas, these three banks have revised their fixed deposit rates, offering customers from over 7 per cent to up to 9.10 per cent on specific tenures.
The Suryodaya small finance bank revised its fixed deposit interest rates on certain durations for senior citizens to more than 9 per cent from August 7, 2023
Fixed deposit schemes have become one of the senior citizens’ most sought-after investment tools, thanks to small finance banks that are offering over 9 per cent interest rates
Fixed deposits are a secure investment option with attractive interest rates for senior citizens. Explore the highest FD rates across government banks, private banks, small finance banks, and corporate FDs to maximise your savings. However, also consider factors, such as tenure, credibility, premature withdrawal, senior citizen premium, and tax implications for an informed decision.
ADVERTISEMENT