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FD Alert: Yes Bank Reduced Interest Rates—Find Out Which Banks Offer Higher Returns – Times Bull

FD Alert: Yes Bank Reduced Interest Rates—Find Out Which Banks Offer Higher Returns

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fixed deposit Updates

Yes Bank has slashed its fixed deposit (FD) interest rates by up to 25 basis points (bps) for select tenures on deposits below ₹3 crore. The new FD interest rates took effect on November 5, 2024. After the revision, regular customers can earn interest rates between 3.25% and 7.75%, while senior citizens can enjoy rates ranging from 3.75% to 8.25%. The highest interest rates of 7.75% for regular customers and 8.25% for senior citizens are offered on an FD tenure of 18 months. Let’s find out which banks, including SBI, HDFC, ICICI, Canara Bank, and PNB, offer better interest rates.

Interest Rates on Fixed Deposits in SBI

SBI offers FD interest rates ranging from 3.50% to 7.10% for general customers and 4.00% to 7.60% for senior citizens. According to SBI’s website, the “Amrit Kalash” plan, a special 400-day scheme, provides an interest rate of 7.10% for general customers and 7.60% for senior citizens. This scheme will remain valid until March 31, 2025.

Interest Rates on Fixed Deposits in ICICI Bank

ICICI Bank offers interest rates ranging from 3.00% to 7.25% for regular customers and between 3.50% to 7.80% for senior citizens. The highest rates of 7.25% for regular customers and 7.80% for senior citizens are applicable for tenures from 15 months to less than 18 months.

Interest Rates on Fixed Deposits in HDFC Bank

HDFC Bank provides FD interest rates from 3.00% to 7.35% for general customers and 3.50% to 7.85% for senior citizens. The highest rates of 7.25% for regular customers and 7.75% for senior citizens apply to tenures ranging from 2 years and 11 months up to 35 months.

Interest Rates on Fixed Deposits in Canara Bank

Canara Bank offers interest rates from 4.00% to 7.25% for general depositors and 4.00% to 7.75% for senior citizens on FDs maturing between 7 days and 10 years. The highest rates of 7.25% for regular customers and 7.75% for senior citizens are provided for a tenure of 444 days.

Interest Rates on Fixed Deposits in PNB

Punjab National Bank (PNB) provides interest rates between 3.50% to 7.25% for general customers and 4.00% to 7.75% for senior citizens. The highest rates of 7.25% for regular depositors and 7.75% for senior citizens apply for a 400-day scheme.

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