FAQs
Bank of India offers FD interest rates of 3.00% - 7.25% p.a. to regular citizens, 3.00% - 7.75% p.a. to senior citizens and 3.00% - 7.95% p.a. to super senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Bank of India Tax Saving FDs is 6.00% p.a. for the general public, 6.75% p.a.
What is the interest rate of special FD in Indian bank? ›
Indian Bank FD Rates. Indian Bank offers FD interest rates of 2.80-7.25% p.a. to the general public and 3.30-7.75% p.a. to senior citizens on tenures ranging from 7 days to 5 years and above. The interest rate on Indian Bank Tax Saving FDs is 6.10-6.25% p.a. for the general public and 6.60-6.75% p.a.
What is the interest rate for FD in Bank of India 2024? ›
Bank of India has revised the interest rates for fixed deposit (FD) amount less than Rs. 2 crore. The new rates are effective from 1 April 2024 and the customers can avail themselves of new interest rates ranging from 3.00% to 7.25% tenures ranging from seven days to 10 years.
What is special fixed deposit scheme? ›
Purpose: Special Fixed Deposit is suitable for the persons requiring regular return/interest on their deposits to meet their recurring expenses etc.
Which bank gives 9.5 interest on FD? ›
Unity Finance Bank's highest FD rate
The small finance bank is offering its highest rate on fixed deposits with a tenure of 1001 days, providing regular investors with 9% interest and senior citizens with 9.5% interest.
Which bank is best for FD for senior citizens in India? ›
Senior Citizen Fixed Deposit Rates 2024
| Top Banks | 1 year - less than 2 years | 5 years - upto 10 years |
|---|
| HDFC | 7.10% | 7.75% |
| Post Office | 6.90% | 7.50% |
| Axis Bank | 7.60% | 7.75% |
| ICICI Bank | 7.65% | 7.50% |
16 more rowsTop Banks FD Interest Rates 2024
| FD Scheme | All Bank FD Interest Rates 2024 |
|---|
| SBI Bank Tax Saving FD | 6.10% - 6.60% |
| RBL Bank Tax Saving FD | 6.55% - 7.05% |
| Canara Bank Tax Saving FD | 6.50% - |
| Bank of Baroda Tax Saving FD | 5.65% - 6.30% |
8 more rowsSBI offers FD interest rates of 3.50%-7.25% p.a. to the general public and 4.00%-7.75% p.a. to senior citizens for tenures ranging from 7 days to 10 years. The interest rate of SBI Tax Saving FD is 6.50% p.a. for the general public and 7.50% p.a. for senior citizen depositors.
What is the interest rate for FD in Bank of India for 777 days? ›
On deposits maturing in 777 days, BOI will now pay an interest rate of 7.25% and on those maturing in 3 years to 5 years, BOI will now pay an interest rate of 6.25%.
What will be interest rate in 2025 in India? ›
In the long-term, the India Interest Rate is projected to trend around 5.50 percent in 2025 and 5.00 percent in 2026, according to our econometric models. In India, interest rate decisions are taken by the Reserve Bank of India's Central Board of Directors.
Top 20 Scheduled Banks offering Best FD Rates
| Banks | Highest FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
|---|
| IDFC First Bank | 7.75 | 0.50 |
| Central Bank of India | 7.45 | 0.50 |
| HDFC Bank | 7.40 | 0.50 |
| Union Bank of India | 7.40 | 0.50 |
16 more rowsDouble Benefit Deposits provide a higher yield on the principal at the end of the stipulated period as the interest is compounded on quarterly basis; but, the principal and the accrued interest is paid only at the end of the period for which the deposit is placed with the Bank and not monthly or half-yearly as in the ...
Which bank gives 8% interest? ›
Yes Bank
After the recent revision, interest rates for regular citizens now range from 3.25% to 8%. Senior citizens can avail rates between 3.75% and 8.50%. The highest rates of 8% and 8.50% are offered for an 18-month tenure.
What is special edition FD? ›
HDFC Bank, the country's largest private-sector lender, has launched a special edition fixed deposit (FD) scheme for customers, offering higher interest rates than its peers for tenures of 35 months and 55 months.
What is HDFC 7.75 interest rate? ›
Domestic/NRO/NRE Deposits of less than Rs 3 crore w.e.f. 24 July 2024
| Tenure (Days/Years) | Interest Rates (% p.a.) |
|---|
| 1 year – less than 15 months | 6.60 | 7.10 |
| 15 months – less than 18 months | 7.10 | 7.60 |
| 18 months – less than 21 months | 7.25 | 7.75 |
| 21 months – 2 years | 7.00 | 7.50 |
16 more rows3 days ago
Revised SBI Retail Domestic Term Deposits Interest Rates 2024 (Below Rs. 3 crore)
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 179 days | 5.50% | 6.00% |
| 180 days to 210 days | 6.25% | 6.75% |
| 211 days to less than 1 year | 6.50% | 7.00% |
5 more rowsWhat is senior citizen fixed deposit interest rates in Post Office? The senior citizen fixed deposit interest rates in Post Office range between 6.9% to 7.5% p.a. for an available minimum and maximum investment duration.
What is RBI senior citizen FD rates? ›
Banks and NBFCs offer FD interest rates of 2.50-9.50% p.a. to senior citizens on tenures ranging from 7 days to 10 years. Most banks and NBFCs offer an additional interest rate of 50 bps over the regular fixed deposit interest rates.
