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FD Rates: Check fixed deposit rates from top banks offering from January 1, 2025 – Times Bull

FD Rates: Check fixed deposit rates from top banks offering from January 1, 2025

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fixed deposit Updates

FD Rates: Fixed Deposit (FD) represents a secure and lucrative investment avenue. With an FD, investors receive a fixed interest rate on their capital. The returns are based on a specified duration and interest rate, making it an ideal choice for those prioritizing the safety of their savings. Below is a summary of the interest rates offered by the top 10 banks in the country for FDs.

HDFC Bank:

7.4% interest for a 5-year FD for regular customers. 7.9% for senior citizens.

Kotak Mahindra Bank:

For FDs maturing in 390-391 days, the interest rate is 7.4% for regular customers and 7.9% for senior citizens.

Federal Bank:

Offers 7.4% interest for regular customers and 7.9% for senior citizens on a 777-day FD.

State Bank of India (SBI):

Provides 7% interest for regular customers and 7.5% for senior citizens on 2-3 year FDs.

Karnataka Bank:

7.50% interest for regular customers and 7.75% for senior citizens.

Bank of Baroda (BOB):

For a 400-day FD, the interest rate is 7.3% for regular customers and 7.8% for senior citizens.

Union Bank of India:

For a 456-day FD, the interest rate is 7.3% for regular customers and 7.8% for senior citizens.

RBL Bank:

Offers 8% interest for regular customers and 8.50% for senior citizens.

Bandhan Bank:

Provides 8.05% interest for regular customers and 8.55% for senior citizens.

Indusind Bank:

7.99% interest for regular customers and 8.49% for senior citizens.

The Reserve Bank of India (RBI) has introduced new regulations regarding FDs, which include:

Allowing penalty-free withdrawals for amounts under ₹10,000. Permitting full FD withdrawals in cases of serious illness.

Disclaimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.

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