Top 4 Banks Increase FD Interest Rates to 8.75% from July 1

Increase FD Interest Rates to 8.75% from July 1

Top 4 Banks Increase FD Interest Rates: Several banks have changed their fixed deposit interest rates from 1st July 2024 onwards, this development is especially for people who invest less than Rs 3 crore in FDs.

Banks that have revised their fixed deposit rates are Axis Bank, Ujjivan Small Finance Bank, ICICI, Punjab Bank, Sindh Bank, and Bank of India.

Let’s take a look at the new fixed deposit interest rates of the top 4 banks:

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Axis Bank Fixed Deposit Interest Rate

As the official reports, the Axis Bank has changed its FD rate, if you are investing up to 3 crore then seniors can earn up to 7.75% for a term of 5 to 10 years.

Normal investors can earn up to 7.2 percent for a term of 17 to 18 months.

ICICI Bank Fixed Deposit Interest Rate

ICICI has revised its fixed deposit interest rates from 1st July, according to the official notice, the highest rate the banks will offer for senior citizens is 7.75% for a term of 15 to 18 months and for normal investors, the banks offer 7.2 percent interest rates for the term of 15 months to 2 years.

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Ujjivan Small Finance Bank Fixed Deposit Interest Rate

Ujjivan Small Finance Bank offers the highest interest rate of 8.75 percent for senior citizens and normal customers, Ujjivan Small Finance Bank offers up to 8.25% for a term of 12 months.

Punjab and Sindh Bank Fixed Deposit Interest Rate

The Punjab and Sindh Bank offer interest rates for senior citizens up to 7.80% for 666 days and up to 7.3% for 666 days, which is only for normal investors.

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