The article provides an update on fixed deposit (FD) interest rates offered by several Indian banks, including RBL Bank, Karnataka Bank, Bank of Maharashtra, Equitas Small Finance Bank, and Federal Bank. The rates are effective from December 2024 and apply to deposits under Rs 3 crore. Key findings include:
* RBL Bank offers rates ranging from 3.50% to 8.50%, with higher rates for senior citizens and super senior citizens (80+).
* Karnataka Bank offers rates from 3.5% to 7.25% for regular customers and 3.5% to 8% for senior citizens.
* Bank of Maharashtra offers rates from 2.75% to 7.35% for regular customers and 2.75% to 7.85% for senior citizens.
* Equitas Small Finance Bank offers rates from 3.50% to 8.25% for regular customers and 2.75% to 9% for senior citizens.
* Federal Bank offers rates from 3% to 7.4% for regular customers and 3.5% to 7.9% for senior citizens.
The article highlights the importance of considering tenure, deposit amount, and senior citizen benefits when investing in FDs. It also notes the tax implications of FD investments. Readers are cautioned to conduct thorough research and consult with a financial advisor before making investment decisions.