Earn FD interest rate up to 9.10%: These 7 Banks have Revised FD Rates April 2024
By Anupama Deshpande | April 29, 2024
Fixed Deposit in India has been one of the preferred investment options for the ivestors who are risk averse and want a safe & secured investment for their hard earned money. Banks offer both short-term and long-term FDs with tenures in the range from 7 days to 10 years.
Fixed Deposit interest rates offered by various banks vary from bank to bank and also depend up on the tenure of FD. Senior citizens are mostly offered more interest rates (often 0.50% higher) as compared to general citizens. Bank keep revising the interest rates for various tenures from time to time depending up on change in policy rate by the RBI.
Recently, in April 2024, following 7 banks have revised their interest rates for varied tenures. We are detailing tenure-wise FD rates updated as on April 2024 for your ready reference.
Axis Bank Revises FD Rates on April 4, 2024 for FD amount less than Rs.2 crore
Axis Bank has revised its FD interest rates for different tenures on April 4, 2024 for less than Rs.2 crore. Axis Bank offers FD interest rates between 5.75% to 7.75% for tenure ranging from 6 months to 10 years. Given below is the table containing revised FD Rates by Axis Bank for different tenures.
| Tenure of FD | Interest Rate (% p.a.) General | Interest Rate (% p.a.) Senior Citizen |
|---|---|---|
| 6 Months | 5.75 | 6.25 |
| 1 Year | 6.70 | 7.20 |
| 2 Years | 7.10 | 7.60 |
| 3 Years | 7.10 | 7.60 |
| 4 Years | 7.10 | 7.60 |
| 5 Years | 7.00 | 7.75 |
| 10 Years | 7.00 | 7.75 |
Bank of India Revises FD Rates on April 1, 2024 for FD amount less than Rs.2 crore
Bank of India has revised its FD interest rates for different tenures on April 1, 2024 for less than Rs.2 crore. Bank of India offers FD interest rates between 5.50% to 7.75% for tenure ranging from 6 months to 10 years. Given below is the table containing revised interest Rates by Bank of India for different tenures.
| Tenure of FD | Interest Rate (% p.a.) General | Interest Rate (% p.a.) Senior Citizen |
|---|---|---|
| 6 Months | 5.50 | 6.00 |
| 1 Year | 6.80 | 7.30 |
| 2 Years | 7.25 | 7.75 |
| 3 Years | 6.50 | 7.25 |
| 4 Years | 6.50 | 7.25 |
| 5 Years | 6.00 | 6.75 |
| 10 Years | 6.00 | 6.75 |
Use FD calculator to know the maturity value.
IDBI Bank Revises FD Rates on April 15, 2024 for FD amount less than Rs.2 crore
IDBI Bank has revised its FD interest rates for different tenures on April 15, 2024 for less than Rs.2 crore. IDBI Bank offers FD interest rates between 5.25% to 7.30% for tenure ranging from 6 months to 10 years. Given below is the table containing updated interest rate by IDBI Bank for different tenures. Good to note that IDBI Bank offers FD for tenure of 20 years also which is usually not provided by most of the banks in India.
| Tenure of FD | Interest Rate (% p.a.) General | Interest Rate (% p.a.) Senior Citizen |
|---|---|---|
| 6 Months | 5.25 | 5.75 |
| 1 Year | 6.80 | 7.30 |
| 2 Years | 6.80 | 7.30 |
| 3 Years | 6.50 | 7.00 |
| 4 Years | 6.50 | 7.00 |
| 5 Years | 6.50 | 7.00 |
| 10 Years | 6.25 | 6.75 |
| 20 Years | 4.80 | 5.30 |
Federal Bank Revises FD Rates on April 17, 2024 for FD amount less than Rs.2 crore
Federal Bank has revised its FD interest rates for different tenures on April 17, 2024 for less than Rs.2 crore. Federal Bank offers FD interest rates between 5.00% to 7.55% for tenure ranging from 6 months to 10 years. Given below is the table containing revised FD Rates by Federal Bank for different tenures.
| Tenure of FD | Interest Rate (% p.a.) General | Interest Rate (% p.a.) Senior Citizen |
|---|---|---|
| 6 Months | 5.00 | 5.50 |
| 1 Year | 6.80 | 7.30 |
| 2 Years | 7.05 | 7.55 |
| 3 Years | 7.00 | 7.50 |
| 4 Years | 7.00 | 7.50 |
| 5 Years | 6.60 | 7.25 |
| 10 Years | 6.60 | 7.25 |
AU Small Finance Bank Revises FD Rates on April 17, 2024 for FD amount less than Rs.2 crore
AU Small Finance Bank has revised its FD interest rates for different tenures on April 17, 2024 for less than Rs.2 crore. AU Small Finance Bank offers FD interest rates between 4.75% to 8.25% for tenure ranging from 6 months to 10 years. Given below is the table containing revised FD Rates by AU Small Finance Bank for different tenures.
| Tenure of FD | Interest Rate (% p.a.) General | Interest Rate (% p.a.) Senior Citizen |
|---|---|---|
| 6 Months | 4.75 | 5.25 |
| 1 Year | 6.50 | 7.00 |
| 2 Years | 7.75 | 8.25 |
| 3 Years | 7.50 | 8.00 |
| 4 Years | 7.25 | 7.75 |
| 5 Years | 7.25 | 7.75 |
| 10 Years | 7.25 | 7.75 |
Fincare Small Finance Bank Revises FD Rates on April 17, 2024 for FD amount less than Rs.2 crore
Fincare Small Finance Bank has revised its FD interest rates for different tenures on April 17, 2024 for less than Rs.2 crore. Fincare Small Finance Bank offers FD interest rates between 4.75% to 8.25% for tenure ranging from 6 months to 10 years. Given below is the table containing revised FD Rates by Fincare Small Finance Bank for different tenures.
| Tenure of FD | Interest Rate (% p.a.) General | Interest Rate (% p.a.) Senior Citizen |
|---|---|---|
| 6 Months | 4.75 | 5.25 |
| 1 Year | 6.50 | 7.00 |
| 2 Years | 7.75 | 8.25 |
| 3 Years | 7.50 | 8.00 |
| 4 Years | 7.25 | 7.75 |
| 5 Years | 7.25 | 7.75 |
| 10 Years | 7.25 | 7.75 |
Please note that Fincare Small Finance Bank has been merged with AU Small Finance Bank.
Suryoday Small Finance Bank Revises FD Rates on April 17, 2024 for FD amount less than Rs.2 crore
Suryoday Small Finance Bank has revised its FD interest rates for different tenures on April 22, 2024 for less than Rs.2 crore. Suryoday Small Finance Bank offers FD interest rates between 5.00% to 9.10% for tenure ranging from 6 months to 10 years. Given below is the table containing revised FD Rates by Suryoday Small Finance Bank for different tenures.
| Tenure of FD | Interest Rate (% p.a.) General | Interest Rate (% p.a.) Senior Citizen |
|---|---|---|
| 6 Months | 5.00 | 5.50 |
| 1 Year | 6.85 | 7.35 |
| 2 Years | 8.50 | 9.00 |
| 3 Years | 8.60 | 9.10 |
| 4 Years | 6.75 | 7.25 |
| 5 Years | 8.25 | 8.75 |
| 10 Years | 7.25 | 7.75 |
Among all the above mentioned banks, Suryoday Small Finance Bank is offerring the highest FD interest rate of 9.10% p.a. to the senior citizens for the investment tenure of 3 years.
Anupama is a Co-Founder of CodeForBanks.com. She is an MBA (Finance) and Chartered Financial Analyst (CFA). She also carries a Fellowship degree in Life Insurance Sector and is a Master of Computer Application (MCA). She is an expert in Finance Field with an experience of over 18 years on different managerial positions in finance industry including Stock Market, Depository and Mutual Fund Sectors. Apart from that she has remained for few years in the field of marketing as well. Her suggestions and advice for investments have been very useful to many people.Her vast interest & expertise in the field of finance have encouraged her to write the articles so that others can also get benefitted out of them. She never loses any opportunity to learn and be creative. She is a valuable asset for CodeForBanks.com & important resource to all those around her.