Several banks, including RBL Bank, Equitas, and Federal Bank, have revised their fixed deposit (FD) interest rates in December 2024. The revised rates offer returns of nearly 9% for investors. Fixed deposits are a safe and stable option for investors to park their contingent funds, offering a decent return without market volatility. Here are the latest FD rates from SBI, RBL Bank, Federal Bank, and Equitas:
* RBL Bank: 3.5-8% for general citizens and 8.5% for senior citizens for amounts less than ₹3 crore.
* Equitas: 3.5-8.25% for general citizens and up to 9% for senior citizens on selected tenures.
* Federal Bank: 3-7.4% for general citizens and 3.5-7.9% for senior citizens for amounts less than ₹3 crore.
These revised rates are effective from December 2, 2024, and are subject to change. It’s essential for investors to check the rates and terms before investing in an FD.