Quite recently, a few banks have revised their fixed deposit interest rates under the Rs. 3 crore benchmark. These revised rates are effective September 1, 2024. The rates have been revised, most likely to increase the bank’s cash flow. The recent banks that have revised their interest rates are two private-sector and two public-sector banks.<\/p>\n\n\n\n
The banks that have raised their FD interest rates in September 2024 are<\/p>\n\n\n\n
Let\u2019s take a look at the applicable interest rates of fixed deposits for both general and senior citizens. <\/p>\n\n\n\n
The revised FD interest rates of the Bank of India are between 3 to 7.75% for a tenure between 7 days to 10 years for general citizens. As for senior citizens, the interest rate is between 3% to 7.75% for the same tenure. Finally, for people who are 80 years or above, also known as super senior citizens, the interest rate is between 3% and 7.90%.<\/p>\n\n\n\n
The fixed deposit interest rate revised by the Bank of Baroda is effective from September 1. 2024. This newly revised interest rate offers general citizens 5% to 7.50%5% to 7.50% for general citizens. The highest interest rate offered by the bank is between 7.50% and 8% for a tenure of 333 days. As for senior citizens and super senior citizens, the interest rates offered by the bank are between 5% and 8%, and 8.10%, respectively.\u00a0<\/p>\n\n\n\n
The Bank of Baroda\u2019s revised interest rates offer fixed deposit interest rates between 4.25% and 7.30%. This interest rate is available to general citizens for tenures between 7 days to 10 years. The interest rate offered by the bank for senior citizens is between 4.75% to 7.80%. All the revised interest rates are effective from September 5, 2024, as mentioned on their website. <\/p>\n\n\n\n
After the revision, the Karnataka Bank is offering an FD interest rate between 3.75% and 8% for senior citizens. As for general citizens, the interest rate is between\u00a0 3.50% and to 7.50%. The highest interest rate offered by the bank is for a tenure of 375 days, with an interest between 7.50% and 8%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Quite recently, a few banks have revised their fixed deposit interest rates under the Rs. 3 crore benchmark. These revised rates are effective September 1,…<\/p>\n","protected":false},"author":1,"featured_media":872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[88,86,87,84,85,89],"class_list":["post-871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-deposit","tag-bank-of-baroda","tag-bank-of-india","tag-city-union-bank","tag-fd","tag-fixed-deposit","tag-karnataka-bank"],"_links":{"self":[{"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/posts\/871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/comments?post=871"}],"version-history":[{"count":2,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/posts\/871\/revisions"}],"predecessor-version":[{"id":874,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/posts\/871\/revisions\/874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/media\/872"}],"wp:attachment":[{"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/media?parent=871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/categories?post=871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/tags?post=871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}