FD Rates: There is good news for those investing in Fixed Deposit (FD). While most of the banks in the country are reducing interest on FD, some banks are giving 7.95 percent interest. Many major banks of the country have announced to give better returns to investors by changing the interest rates of FD.
FD Rates : There is good news for those investing in Fixed Deposit (FD). While most of the banks in the country are reducing interest on FD, some banks are giving 7.95 percent interest. Many major banks of the country have announced to give better returns to investors by changing the interest rates of FD. As per the new rates applicable from 16 April 2025, senior citizens can now get up to 7.95% interest on FD. AU Small Finance Bank, IDFC First Bank and Bank of Maharashtra have revised their FD rates.
AU Small Finance Bank FD Rates: AU Small Finance Bank has implemented interest rates ranging from 3.75% to 7.75% for general citizens and 4.25% to 8.25% for senior citizens. The highest interest rate is being offered on 18-month FDs — 7.75% for general investors and 8.25% for senior citizens. Senior citizens are getting 8.10% interest on FDs of 1 year to 15 months, which makes this bank an attractive option.
IDFC First Bank FD rates: IDFC First Bank has also changed its FD rates and started giving interest up to 7.50%. This rate is applicable for a period of 400 to 500 days for general citizens. At the same time, senior citizens are getting 8% interest for the same period. The bank is giving a return of 3% to 6.5% on short term FDs.
Bank of Maharashtra FD Rates: Bank of Maharashtra has implemented new rates with a maximum interest rate of 7.45%, which applies to special FDs of 366 days. Senior citizens can get up to 7.95% interest on the same scheme. Ordinary citizens are being given returns ranging from 2.75% to 7.45% and senior citizens from 3.25% to 7.95%. This increase in interest rates can benefit investors, especially senior citizens. In the current financial environment where equity markets remain volatile, FD is emerging as a safe and stable investment option.
Most Read Articles:
- RBI’s big decision! Now even minors can operate their own bank accounts, RBI has allowed, check new rule here
- EPS Pension Hike: Good news! EPS pension will increase from ₹ 1000 to Rs 7500? know latest update
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
