New Delhi: Several banks revised their fixed deposit interest rates in August 2024. Sombe banks, including RBL Bank and Federal Bank launched special limited period FD schemes with high interest rates. Let’s see what RBL Bank and Federal Bank are offering on their special FD schemes and their interest rates.
Federal Bank FD rates
Federal Bank launched a special fixed deposit scheme on the occasion of Independence day 2024 which offers 8.05 per cent interest rates for senior citizens. “Whether opting for callable deposits with the freedom of premature withdrawal or choosing the Deposit Plus scheme for higher returns on larger investments, Federal Bank has tailored solutions to meet diverse financial needs. These rates will be available only for a limited period,” the bank said in its statement.
Federal Bank FD rates on non-callable deposits
The private bank is offering general citizens 7.5 per cent, 7.55 per cent, 7.55 per cent on deposits of 400 days, 777 days and 50 months tenors, respectively. Senior citizens will be offered .50 extra on all fixed deposit schemes.
Period
Single Deposit Less than ₹300 Lakhs – General Public
Single Deposit Less than ₹300 Lakhs – Senior Citizen
7 days to 29 days
3.00%
3.50%
30 days to 45 days
3.25%
3.75%
46 days to 60 days
4.00%
4.50%
61 days to 119 days
4.75%
5.25%
120 days to 180 days
5.00%
5.50%
181 days
6.50%
7.00%
182 days to 270 days
5.75%
6.25%
271 days to less than 1 year
6.00%
6.50%
1 year to 399 days
6.80%
7.30%
400 days
7.35%
7.85%
401 days to 776 days
7.05%
7.55%
777 days
7.40%
7.90%
778 days to less than 3 years
7.05%
7.55%
3 years to less than 50 months
7.00%
7.50%
50 Months
7.40%
7.90%
Above 50 months to less than 5 years
7.00%
7.50%
5 years and above
6.60%
7.25%
RBL Bank Vijay Fixed Deposits rates
RBL Bank launched a special fixed deposit scheme – ‘Vijay Fixed Deposits’ – to honour the bravery and sacrifices of India’s warriors. It is a limited time FD scheme and is designed to show appreciation for the military personnel. The private bank is offering 8.85 per cent p.a. to Super Senior Citizens, 8.60 per cent to Senior Citizens and 8.1 per cent t0 people opting for Regular Fixed Deposit plans.
FD interest rates 2024: RBL Bank, Federal Bank have launched special limited period Fixed Deposit schemes. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
