FAQs
Fixed Deposit - Current FD Interest Rates in India 2024? ›
As of June 4, 2024, banks are offering interest rates from 5.75% to 8.60% for tenures up to three years.
What is the interest rate of FD in India 2024? ›As of June 4, 2024, banks are offering interest rates from 5.75% to 8.60% for tenures up to three years.
What is the interest rate of SBI FD in 2024? ›- 46 days – 179 days. 5.50% ...
- 180 days – 210 days. 6.00% 6.50%
- 211 days – 364 days. 6.25% 6.75%
- 1 year – 1 year 364 days. 6.80% 7.30%
- 2 years – 2 years 364 days. 7.00% 7.50%
- 3 years – 4 years 364 days. 6.75% 7.25%
- 5 years – 10 years. 6.50% 7.50%
- 400 Days (Amrit Kalash Scheme) 7.10% 7.60%
- Best 12-month fixed deposit rates in June 2024 is 3.30% by Maybank.
- Best 6-month fixed deposit rates in June 2024 is 3.35% by SBI ($50,000 required).
- Best 3-month fixed deposit rates in June 2024 is 3.50% by Bank of China (min deposit of $500 only) or 3.40% by ICBC.
| Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) |
|---|---|---|
| Utkarsh Small Finance Bank | 8.50 | 8.00 |
| Ujjivan Small Finance Bank | 8.50 | 8.25 |
| ESAF Small Finance Bank | 8.25 | 6.00 |
| SBM Bank | 8.25 | 7.10 |
Inflation and Fed hikes have pushed mortgage rates up to a 20-year high. 30-year mortgage rates are currently expected to fall to between 6.5% and 7% in 2024. Homebuyers might consider buying now and refinancing later to avoid increased competition when rates drop.
How many years will FD double in SBI? ›In Conclusion
SBI Special Term Deposit is tailored for your goal to double your investment after a period. It is a safe investment vehicle with the option to stay invested for up to 10 years. In addition, you have the option to renew the investment for a like period without any restrictions.
- Any FD that offers a high-interest rate for a short tenure is the best for senior citizens. ...
- An FD with a tenure of 2 years to less than 3 years and 5 years and up to 10 years is the best FD for senior citizens since it offers an interest rate of 7.50%.
- Yes. ...
- Yes.
| Bank/NBFC/HFC | Non-Senior Citizen (p.a.) | Senior Citizen (p.a.) |
|---|---|---|
| YES Bank | 7.25% | 8.00% |
| Jana Small Finance Bank | 7.25% | 7.75% |
| Kotak Mahindra Bank | 6.20% | 6.70% |
| SBI | 6.50% | 7.50% |
Which bank gives the highest interest rate on FD? As of 2024, Canara Bank offers the highest interest rate of 7.25% for 444 days.
Where can I get 12% interest on my money? ›
| Bank name | Account name | APY |
|---|---|---|
| Khan Bank | 365-day, 18-month and 24-month Ordinary Term Savings Account | 12.3% to 12.8% |
| Khan Bank | 12-month, 18-month and 24-month Online Term Deposit Account | 12.4% to 12.9% |
| Yield | N/A | Up to 12% |
| Crypto.com | Crypto.com Earn | Up to 14.5% |
More on the May 2024 monetary policy decision...
The Board decided to leave the cash rate target unchanged at 4.35 per cent.
- HDFC Bank. HDFC Bank offers 7.10 percent to senior citizens on deposits of one year to 15 months. ...
- ICICI Bank. ICICI Bank offers interest in the range of 7 to 7.25 per cent depending on the tenure. ...
- State Bank of India. ...
- Bank of Baroda.
Unity Small Finance Bank offers interest rates of up to 9% per annum to its general customers and up to 9.5% per annum to senior citizens. These rates are applicable on tenures ranging from 7 days to 10 years. Unity Small Finance Bank is a scheduled commercial bank, recognised by the Reserve Bank of India.
What is the highest FD rate in India 2024? ›| Banks | Interest Rates (p.a.) | |
|---|---|---|
| Axis Bank | 7.00% | 7.75% |
| Bandhan Bank | 7.00% | 7.50% |
| Bank of Baroda | 6.50% | 7.15% – 7.50% |
| Bank of India | 6.00% | 6.75% (6.90% for super senior citizens) |
| Provider | Rate (AER) | Monthly amount |
|---|---|---|
| Saffron BS | 8% fixed | £0 to £50 |
| First Direct | 7% fixed | £25 to £300 |
| Co-operative Bank | 7% variable | £0 to £250 |
| Nationwide | 6.5% variable | £0 to £200 |
3. The Monetary Policy Committee (MPC) met on 5th, 6th and 7th June 2024. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, it decided by a 4 to 2 majority to keep the policy repo rate unchanged at 6.50 per cent.
How much interest on FD of 1 crore? ›| Bank/NBFC/HFC | Non-Senior Citizen (p.a.) | Monthly Interest Payout |
|---|---|---|
| HDFC Bank | 7.00% | ₹62,500 |
| IDFC First Bank | 7.00% | ₹62,500 |
| Axis Bank | 7.00% | ₹64,583 |
| IndusInd Bank | 7.25% | ₹64,583 |
| Bank/NBFC/HFC | Non-Senior Citizen (p.a.) | Monthly Interest Payout |
|---|---|---|
| LIC Housing Finance | 7.50% | ₹6,250 |
| Shriram Finance | 8.47% | ₹7,058 |
| ICICI Bank | 7.00% | ₹5,833 |
| HDFC Bank | 7.00% | ₹5,833 |
State Bank of India (SBI): The largest bank in the country offers 6.8 percent per annum on its 1-year fixed deposits to regular citizens and 7.3 percent to senior citizens.