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Best Bank FD rates: Earn nearly 9% interest on fixed deposits – Check revised rates from RBL, Equitas, Federal Bank, and
In December 2024, banks like RBL Bank and Equitas revised fixed deposit rates, offering returns up to 9%. General citizens can earn between 3.5% and 8%, while senior citizens can receive rates up to 8.5% depending on the bank and tenure.
Bank FD rates: Several banks, including Federal Bank, RBL Bank, and Equitas, have revised their fixed deposit interest rates in December 2024. As per the revised FD rates, investors can earn nearly 9% return on their fixed deposits.
Fixed deposits are one of the most suitable options for investors who want to park their contingent funds in a safe place. They can also offer a decent return on their investment without experiencing any market volatility.
Here are the details of latest bank FD rates of SBI, RBL Bank, Federal Bank, Equitas, etc.
RBL Bank FD rates
RBL Bank revised FD rates for amounts less than ₹3 crore, providing interest rates between 3.5 and 8% on FDs for general citizens and 8.5% on FDs for senior citizens.
| Tenure | FD (%) for general category | FD (%) for senior citizens |
|---|---|---|
| 7-14 days | 3.5 | 4 |
| 15-45 days | 4 | 4.5 |
| 46-90 days | 4.5 | 5 |
| 91-180 days | 4.75 | 5.25 |
| 181-240 days | 5.5 | 6 |
| 241-364 days | 6.05 | 6.55 |
| 365-452 days | 7.5 | 8 |
| 453-499 days | 7.8 | 8.3 |
| 500 days | 8 | 8.5 |
Equitas FD interest rates
Equitas Small Finance bank is offering FD rates close to 9% to senior citizens on selected tenure (based on annualised yield). These FD rates have been revised on December 2, 2024. As per the official website, revised FD rates for general citizens lie between 3.5 and 8.25%.
“For Resident Senior Citizens, an additional interest of 0.5% p.a. is applicable for all tenures except 888 days; For 888 days, an additional interest of 0.25% p.a. above the General Public Rate of 0.5% p.a. variance will be applicable for Resident Senior Citizens,” said Equitas Small Finance bank on its website
| Tenure | FD rates (%) general | FD rates (%) senior citizens |
|---|---|---|
| 7-14 days | 3.5 | 4 |
| 15-29 days | 3.5 | 4 |
| 30-45 says | 4 | 4.5 |
| 46-62 days | 4.5 | 5 |
| 63-90 days | 4.5 | 5 |
| 91-120 days | 5.25 | 5.75 |
| 121-180 days | 5.25 | 5.75 |
| 181-210 days | 6.75 | 7.25 |
| 211-270 days | 6.75 | 7.25 |
| 1 year -443 days | 8.1 | 8.6 |
| 444 days | 8.15 | 8.65 |
| 445 days-18 months | 8.10 | 8.6 |
| 2 years 1 day to 887 days | 8 | 8.5 |
Federal Bank FD rates
Federal Bank has also updated its interest rates on fixed deposits for amount less than ₹3 crore. As per the revised FD rates, general citizens can get an interest up to 3% and 7.4% on different tenure, whereas, senior citizens can get interest rate between 3.5% and 7.9% on FD for different tenures.
| Duration | FD (%) for general | FD (%) for senior citizens |
|---|---|---|
| 7-29 days | 3 | 3.5 |
| 30-45 days | 3.5 | 4 |
| 46-180 days | 5.5 | 6 |
| 181 days | 6.5 | 7 |
| 182-270 days | 6.25 | 6.75 |
| 271 days-less than 1 year | 6.5 | 7 |
| 1 year | 7 | 7.5 |
| Above 1 year to 399 days | 7.25 | 7.75 |
| 400 days | 7.35 | 7.85 |
| 401 days to less than 2 years | 7.25 | 7.75 |
| 2 years to 776 days | 7.15 | 7.65 |
| 777 days | 7.4 | 7.9 |
| 778 days to less than 50 months | 7.15 | 7.65 |
| 3 years to less than 50 months | 7.1 | 7.6 |
| 50 months | 7.4 | 7.9 |
| Above 50 months to less than 5 years | 7.1 | 7.6 |
| 5 years | 7.1 | 7.75 |
| Above 5 years | 6.6 | 7.25 |
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Business NewsMoneyPersonal FinanceBest Bank FD rates: Earn nearly 9% interest on fixed deposits – Check revised rates from RBL, Equitas, Federal Bank, and
First Published:21 Dec 2024, 12:03 PM IST
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