In October, these 7 banks changed FD rate, a chance to earn interest up to 8.8 percent

New Delhi. Whenever there is talk of savings, the name of FD (FD) of banks comes. Your investment in fixed deposits is safe, as well as you get returns along with guarantee. If you are planning to invest in FD, then this news is of your use. In October 2024, Shivolic Small Finance Bank, IndusInd Bank, Federal Bank, Federal Bank, Punjab & Sindh Bank, including Punjab and Sindh Bank, Bank of Baroda and Bank of Baroda and Punjab National Bank (Punjab National Bank) Banks amended their FD interest rates.

Shivalik Small Finance Bank
Shivalik Small Finance Bank changed the interest rates on 24 October. Interest ranging from 3.5 percent to 8.3 per cent to customers on FD from the bank is being given to senior citizens from 4 per cent to 8.8 per cent from the bank. The highest interest is being paid on FDs of 18 months to 24 months, which is 8.30 percent for common customers and 8.80 percent for senior citizens.

IndusInd Bank

IndusInd Bank changed interest rates on 7 October. Interest from 3.5 percent to 7.75 percent on FDs from 4 percent to 8.25 percent is being given to common customers from the bank. The maximum interest is being paid on tanor with 1 year to 2 years.

IDFC First Bank
The new rates of IDFC First Bank are applicable from October 16. Interest ranging from 3 percent to 7.75 percent is being offered to customers from the bank. The maximum interest from the bank is being paid on a fixed deposit of 7.75 percent 400 to 500 days duration.

Federal bank

Federal Bank’s new FD rates are applicable from 16 October. Interest ranging from 3 percent to 7.4 percent is being given to customers from the bank. The highest interest is being offered 7.40 percent on FDs of 777 days duration.

Bank of Baroda
The new FD rates of Bank of Baroda are effective from October 14. Interest ranging from 4.25 percent to 7.30 percent is being given to customers from the bank. Extra interest of 0.50 percent is being given to senior citizens on FD.

Punjab national bank

Punjab National Bank is offering FD rates ranging from 3.50% to 7.25% for common customers for a period of 7 days to 10 years. For senior citizens, the bank provides interest rates ranging from 4 per cent to 7.75 per cent and interest rates ranging from 4.30 per cent to 8.05 per cent for super senior citizens. These rates are effective since 1 October 2024.

Punjab & Sindh Bank
Punjab and Sindh Bank is offering FD rates ranging from 4 per cent to 7.45 per cent on the option for a period of 7 days to 10 years for ordinary citizens. The bank is giving the highest interest rate of 7.50 per cent on non-callable deposits of 555 days duration.