Bank FD Rates Change: Before the monetary policy meeting of RBI, 5 banks have changed the FD interest rate. The banks that have changed the interest rates on FD include Union Bank of India, Punjab National Bank and Axis Bank.
Bank FD Rates Change: After the relief from tax exemption in the general budget for the financial year 2025-26, now all eyes are on the monetary policy meeting of the central bank RBI. This important meeting of the Reserve Bank is to be held on 7 February. Meanwhile, 5 banks have made a big change in the FD interest rate. The banks that have changed the interest rates on FD include Union Bank of India, Punjab National Bank (PNB), Axis Bank, Shivalik Small Finance Bank, Karnataka Bank and Federal Bank.
Punjab National Bank (PNB FD Rates)
Punjab National Bank (PNB) has launched a new FD scheme of 303 days, on which 7% interest will be available. Apart from this, a new FD scheme of 506 days has also been added, on which 6.7% interest will be available. These new interest rates have come into effect from January 1, 2025.
PNB is now paying interest ranging from 3.50% to 7.25% on FDs ranging from 7 days to 10 years. The highest interest of 7.25% is being given on FDs of 400 days.
Shivalik Small Finance Bank (Shivalik SFB)
According to the official website of Shivalik Small Finance Bank (SFB), the bank has changed the FD interest rates from January 22. Interest rates have been fixed from 3.50% to 8.80% for general citizens. While senior citizens will get interest rates ranging from 4% to 9.30%. The new interest rate is effective from January 22.
Karnataka Bank
Karnataka Bank is now giving interest ranging from 3.50% to 7.50% to general citizens on FDs ranging from 7 days to 10 years. This bank is getting the highest interest of 7.50% on FDs of 375 days. The new rates are effective from January 2, 2025.
Union Bank of India
Union Bank of India has changed the interest rates on FDs of less than Rs 3 crore. Now FDs of 7 days to 10 years will get interest ranging from 3.50% to 7.30%. At the same time, the highest interest of 7.30% is being given on FDs of 456 days. The new rates are effective from January 1, 2025.
Axis Bank
For funds less than Rs 3 crore, Axis Bank is giving interest ranging from 3 percent to 7.25 percent for a period of 7 days to 10 years for general citizens. According to the bank, the latest interest rate is effective from January 27.
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