5 Banks Revise Fixed Deposit Interest Rates In December 2024– Check Details|Economy News

New Delhi: Many financial institutions have actually modified their dealt with down payment (FD) rate of interest thisDecember This notes an essential upgrade for capitalists. FDs are a preferred option in India which is valued for their assured returns and safe financial investment choices.

Here is a listing of financial institutions and their upgraded FD prices, according to an Economic Times record.

Updated FD Interest Rates by Banks

1) Federal Bank .
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Federal Bank has actually upgraded its FD rate of interest for down payments listed below Rs 3 crore. This worked from December 16, 2024. General residents can currently gain in between 3 percent and 7.4 percent while seniors get somewhat greater prices, varying from 3.5 percent to 7.9 percent. .
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2) RBL Bank

RBL Bank has actually modified its FD rate of interest for down payments listed below Rs 3 crore, efficient December 15, 2024. General residents can currently gain in between 3.5 percent and 8 percent, seniors approximately 8.5 percent, and incredibly seniors (aged 80 and over) approximately 8.75 percent. .
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3) Karnataka Bank . .

Effective December 2, 2024,Karnataka Bank has actually upgraded its FD rate of interest for down payments under Rs 3 crore.General residents can currently gain in between 3.5 percent and 7.5 percent, while seniors appreciate prices varying from 3.5 percent to 8 percent.
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4)Bank ofMaharashtra . .

Bank of(* )has actually upgraded its FD rate of interest for down payments under Maharashtra 3 crore, efficientRs 11, 2024.December residents can gain in between 2.75 percent and 7.35 percent, while seniors get prices varying from 2.75 percent to 7.85 percent.
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General 5)

. .Equitas Small Finance Bank has actually modified its FD rate of interest for down payments listed below

Equitas Small Finance Bank 3 crore, efficient Rs 2, 2024. December residents can gain in between 3.5 percent and 8.25 percent, while seniors appreciate prices varying from 2.75 percent to 9 percent. General residents likewise get an additional 0.5 percent p.a. rate of interest on all periods, with the exception of the 888-day term, where they obtain an added 0.25 percent p.a. over the basic price.Senior