Boost your savings: 5 top banks revise FD interest rates to 9% in December 2024 – check the latest rates here!

Several Indian banks have revised their fixed deposit (FD) interest rates for amounts less than Rs 3 crore in December 2024, affecting savings of general and senior citizens. The revised rates are applicable from December 2, 2024, to December 16, 2024, depending on the bank. The banks that have revised rates include Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank, and Bank of Maharashtra. The revised rates offer interest rates between 2.75% and 8.75% for general citizens and 2.75% to 9% for senior citizens. The rates vary based on the deposit period, with longer-term deposits earning higher interest rates. For example, Federal Bank is offering 7.4% interest rate for FDs with a period of 271 days to less than 1 year, while RBL Bank is offering 8% interest rate for FDs with a period of 2 years to 776 days. The revised rates are intended to help individuals earn a decent return on their savings while also considering the current market conditions.