Bank FD Interest 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 get a return of almost 9% 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 provide 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 has revised FD rates for amounts less than ₹3 crore, with interest rates between 3.5 and 8% on FDs for general citizens and 8.5% on FDs for senior citizens.
Equitas FD Interest Rates
Equitas Small Finance bank offers FD rates of almost 9% to senior citizens with a selected tenure (based on annualized returns). These FD rates were revised on December 2, 2024. According to the official website, the revised FD rates for general citizens range from 3.5 to 8.25%.
“For resident seniors, an additional interest rate of 0.5% per annum applies to all terms except 888 days; For 888 days, an additional interest rate of 0.25% per annum above the variance of the general public rate of 0.5% per annum will apply to resident seniors,” Equitas Small Finance bank said on its website.
Federal Bank FD Rates
The Federal Bank has also updated its interest rates on fixed deposits to an amount lower than ₹3 crores. As per the revised FD rates, ordinary citizens can get interest of up to 3% and 7.4% on different tenors, while senior citizens can get interest between 3.5% and 7.9% on FD for different tenors.
