Several banks, including Federal Bank, RBL Bank, and Equitas, have revised their fixed deposit (FD) interest rates in December 2024. Investors can earn up to 9% return on their FDs. Fixed deposits are a suitable option for investors seeking a safe and stable place to park their contingent fund, with the added benefit of earning a decent return without market volatility.
Here are the latest FD rates from SBI, RBL Bank, Federal Bank, and Equitas: RBL Bank offers FD rates between 3.5% and 8% for general citizens, and 8.5% for senior citizens, for amounts less than ₹3 crore. Equitas offers FD rates up to 9% for senior citizens on selected tenures, and rates between 3.5% and 8.25% for general citizens. Federal Bank offers FD rates between 3% and 7.4% for general citizens, and between 3.5% and 7.9% for senior citizens.
These revised FD rates take effect immediately, and are available on the banks’ official websites.