New Delhi: Several banks made changes to their FD rates in August 2024. State Bank of India, HDFC Bank, PNB and 5 other banks are offering the best FD rates this month. Lenders are hiking FD rates to raise money from retail investors since liquidity has been soaked from markets followed by the RBI’s repo rate hike.
SBI FD rates August 2024
The State Bank of India’s special FS scheme SBI Amrit Vieshti offers 7.25 per cent interest on savings for a 444-day tenure. Senior citizens will receive 0.50 per cent extra returns on SBI Amrit Vrishti. Starting on July 15, 2024, you can invest in this scheme until March 31, 2025.
HDFC Bank FD returns
India’s largest private lender HDFC Bank is offering 7.4 per cent returns on FDs of 4 years and 7 months to 55 month tenures. Senior citizens will enjoy up to 7.90 per cent returns on these tenures effective from July 24, 2024.
ICICI Bank FD rates
The country’s second-largest private bank is offering up to 7.25 per cent returns on 15-18 month and 18 months-2year tenure FDs, with effect from July 30, 2024. Senior citizens will receive 7.80 per cent interest on 14-18 month FD tenures.
PNB FD rates
Punjab National Bank’s special FD of 400-day tenure earns a 7.25 per cent interest while its 300-day FD offers 7.05 per cent returns. Senior citizens can earn 7.75 per cent returns on 400-day FD and 7.55 per cent returns on 300-day FD. Best bank FD rates in August 2024: HDFC Bank, SBI, ICICI Bank and more
Bank of India FD returns
The Bank of India revised its FD rates on August 1, 2024. The lender is offering the highest return on 666-day FD at 7.30 per cent on deposits below Rs 3 crore. Senior citizens can earn up to 7.90 per cent FD returns on this tenure.
Federal Bank FD rates
Federal Bank updated its FD rates this month. The state-owned lender offers 7.4 per cent returns on deposits up to Rs 3 crore on 777-day tenure. Senior citizens will earn up to 7.90 per cent on this FD tenure.
Union Bank of India FD returns
The Union Bank of India revised its FD rates in August 2024. The lender offers its highest FD returns on the special 333-day tenure at 7.40 per cent and on the 399-day tenure at 7.25 per cent for general depositors. Senior citizens are eligible for 7.90 per cent and 7.25 per cent returns on the 2 tenures, respectively.
Best bank FD rates in August 2024: Check the highest FD rates offered by SBI, HDFC Bank, ICICI Bank and 4 others. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
