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The highest interest rate of 8% and 8.50% is offered for tenure of 18 months. These rates are applicable from June 8, 2024.
What will be FD rates in 2024 in India? ›The highest interest rate of 8% and 8.50% is offered for tenure of 18 months. These rates are applicable from June 8, 2024.
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.
The highest interest rate of 7.25% is offered on 400 days tenure. The rates are effective from January 8, 2024. IDFC FIRST Bank offers NRE FD rates between 6.75% to 7.25% for tenure ranging from 1 year to 10 years. The highest interest rate of 7.25% is offered on 400 days tenure.
Will interest rates continue to rise in 2024? ›Will mortgage interest rates go up in 2024? Mortgage rates may continue to rise in 2024. High inflation, a strong housing market, and policy changes by the Federal Reserve have all pushed rates higher in 2022 and 2023.
Which FD is best in SBI for senior citizens? ›The SBI provides a 7.50% interest rate for a tenure of 2 years to less than 3 years. Which FD is best in SBI for senior citizens? An FD with a tenure of 2 years to less than 3 years and 5 years and up to 10 years is the best FD for senior citizens since it offers an interest rate of 7.50%.
What is the FD rate for senior citizens in Bank of India? ›Bank of India offers FD interest rates of 3.00% - 7.30% p.a. to regular citizens, 3.00% - 7.80% 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.
Which bank gives 8 interest? ›According to the DCB Bank website, the new rates are effective May 22, 2024. The bank is offering the highest FD interest rate of 8% to general customers and 8.55% for senior citizens after the revision in tenure from 19 months to 20 months. The highest savings account interest rate offered is up to 8%.
What is the interest rate in India in 2025? ›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. The official interest rate is the benchmark repurchase rate.
What will be the inflation in India in 2024? ›Key highlights: The annual inflation rate based on all India Consumer Price Index (CPI) number is 4.83% (Provisional) for the month of April, 2024 (over April, 2023). Corresponding inflation rate for rural and urban is 5.43% and 4.11%, respectively.
The lowest interest rate for a house in 2024 ranges between 8.35% and 8.50%, offered by banks such as Union Bank of India, Bank of Maharashtra, Bank of Baroda, Canara Bank and State Bank of India.
What is the interest rate for MIS in 2024? ›Post Office Monthly Income Scheme Account (MIS)
You can deposit a sum of Rs 1,000 up to Rs 9 lakh in a single account and up to Rs 15 lakh in a joint account. You can earn an interest rate of 7.4% p.a. for Q2 FY 2024-25 through this account and get a monthly fixed income from the scheme.
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