With the start of July, many banks have updated their FD rates, effective from July 1, 2024. These changes apply to FDs up to Rs 3 crore, with some banks now offering rates as high as 8.75%. Here’s a detailed look at the new rates across various banks.
Axis Bank FD Rate
According to Axis Bank's website, the revised FD rates have been effective from July 1, 2024. The bank offers a maximum interest rate of 7.75% to senior citizens on FDs of 5-10 years, while others receive up to 7.2% on FDs of 17-18 months.
Ujjivan Small Finance Bank FD Rate
Ujjivan Small Finance Bank has also revised its FD rates for amounts up to Rs 3 crore from July 1, 2024. The highest rate offered is 8.75% for senior citizens on 12-month FDs, while others receive 8.25% for the same period.
ICICI Bank FD Rate
ICICI Bank’s updated FD rates have been effective from June 29, 2024, for amounts up to Rs 3 crore. The highest rate for general customers is 7.2% on FDs of 15 months to 2 years, while senior citizens enjoy a rate of 7.75% for 15 to less than 18 months.
Punjab and Sind Bank FD Rate
Punjab and Sind Bank updated its rates effective from July 1, 2024. The highest FD rate of 7.8% is offered to senior citizens for 666 days, and others receive up to 7.3% for the same period.
Bank of India FD Rate
Effective from June 30, Bank of India provides a maximum interest rate of 7.8% to senior citizens for a period of 666 days, while other customers receive up to 7.3% for the same duration.
For more details, visit the respective bank’s official website.
Axis Bank FD Rate
According to Axis Bank's website, the revised FD rates have been effective from July 1, 2024. The bank offers a maximum interest rate of 7.75% to senior citizens on FDs of 5-10 years, while others receive up to 7.2% on FDs of 17-18 months.
Ujjivan Small Finance Bank FD Rate
Ujjivan Small Finance Bank has also revised its FD rates for amounts up to Rs 3 crore from July 1, 2024. The highest rate offered is 8.75% for senior citizens on 12-month FDs, while others receive 8.25% for the same period.
ICICI Bank FD Rate
ICICI Bank’s updated FD rates have been effective from June 29, 2024, for amounts up to Rs 3 crore. The highest rate for general customers is 7.2% on FDs of 15 months to 2 years, while senior citizens enjoy a rate of 7.75% for 15 to less than 18 months.
Punjab and Sind Bank FD Rate
Punjab and Sind Bank updated its rates effective from July 1, 2024. The highest FD rate of 7.8% is offered to senior citizens for 666 days, and others receive up to 7.3% for the same period.
Bank of India FD Rate
Effective from June 30, Bank of India provides a maximum interest rate of 7.8% to senior citizens for a period of 666 days, while other customers receive up to 7.3% for the same duration.
For more details, visit the respective bank’s official website.
