FD Interest Rates 2024: A Fixed Deposit (FD) is a savings product where you invest a set amount for a fixed term at a guaranteed interest rate. You receive the interest and your principal back at the end of the term. The financial institution is offering a Special FD Scheme. Let’s take a look at the new fixed deposit schemes from the top banks now.
In August, many banks in India updated their fixed deposit interest rates, with some launching special limited-time offers to draw in customers. Notably, RBL Bank and Federal Bank have rolled out new fixed deposit schemes with competitive interest rates.
In August, many banks in India updated their fixed deposit interest rates, with some launching special limited-time offers to draw in customers. Notably, RBL Bank and Federal Bank have rolled out new fixed deposit schemes with competitive interest rates.
RBL Bank:
RBL Bank has introduced a special fixed deposit scheme called the “Vijay Fixed Deposit.
It’s offering a 500-day fixed deposit with interest rates of up to 8.85% per annum.
It’s offering a 500-day fixed deposit with interest rates of up to 8.85% per annum.
Federal Bank:
Federal Bank has rolled out a special Independence Day offer, featuring attractive interest rates on term deposits.
Under the callable FD category: Minimum Amount: Rs.1 Crore | Minimum Period: 12 Months
Under the callable FD category: Minimum Amount: Rs.1 Crore | Minimum Period: 12 Months
| Period | General public including NR | Resident Senior citizen |
| 400 days | 7.50% | 8.00% |
| 777 days | 7.55% | 8.05% |
| 50 months | 7.55% | 8.05% |