Many banks have revised their fixed deposit interest rates effective July 1, 2024 for amounts below Rs 3 crore. Note that some banks have updated the date and rates remain the same. Check which bank offers the highest interest rates after the revision.
This bank revises savings account interest rates; now earn up to 7.75% interest rate Axis Bank fixed deposit rates
Axis Bank has revised its fixed deposit (FD) interest rates with effect from July 1, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 7.75% for senior citizens on tenure between 5 years to 10 years. For individuals, the highest interest rate on FDs can go up to 7.2% on tenure between 17 months to less than 18 months.
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HDFC Bank scheduled downtime next week for more than 12 hours; UPI, ATM withdrawals, other banking services to be impacted Ujjivan Small Finance Bank fixed deposit rates
Ujjivan Small Finance Bank has revised its fixed deposit (FD) interest rates with effect from July 1, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 8.75% for senior citizens on tenure of 12 months. For individuals, the highest interest rate on FDs can go up 8.25% on tenure of 12 months.
| Tenure | Interest Rate (p.a.) (Under ₹ 3 Crores) |
| 7 days to 29 days | 3.75% |
| 30 days to 89 days | 4.25% |
| 90 days to 179 days | 4.75% |
| 6 months to < 12 months | 7.00% |
| 12 months | 8.25% |
| 12 months 1day to 560 days(80 weeks) | 8.00% |
| 561 days to 990 days | 7.75% |
| 991 days to 60 months | 7.20% |
| 60 months 1 day to 120 months | 6.50% |
| Additional Interest Rate for Senior Citizens | 0.50% |
ICICI Bank fixed deposit rates
ICICI Bank has revised its fixed deposit (FD) interest rates with effect from July 1, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 7.75% for senior citizens on tenure between 15 months to less than18 Months. For individuals, the highest interest rate on FDs can go up to 7.2% on tenure between 15 months to 2 years.
| Tenure | With Premature Withdrawal |
| | General Citizen | Senior Citizen |
| 7 to 14 Days | 3.00% | 3.50% |
| 15 to 29 Days | 3.00% | 3.50% |
| 30 to 45 Days | 3.50% | 4.00% |
| 46 to 60 Days | 4.25% | 4.75% |
| 61 to 90 Days | 4.50% | 5.00% |
| 91 to 120 Days | 4.75% | 5.25% |
| 121 to 150 Days | 4.75% | 5.25% |
| 151 to 184 Days | 4.75% | 5.25% |
| 185 to 210 Days | 5.75% | 6.25% |
| 211 to 240 Days | 5.75% | 6.25% |
| 241 to 270 Days | 5.75% | 6.25% |
| 271 Days to 300 Days | 6.00% | 6.50% |
| 301 Days to 330 Days | 6.00% | 6.50% |
| 331 Days to < 1 Year | 6.00% | 6.50% |
| 1 Year to 389 Days | 6.70% | 7.20% |
| 390 Days to < 15 Months | 6.70% | 7.20% |
| 15 Months to < 18 Months | 7.20% | 7.75% |
| 18 Months to 2 Years | 7.20% | 7.70% |
| 2 Years 1 Day to 3 Years | 7.00% | 7.50% |
| 3 Years 1 Day to 5 Years | 7.00% | 7.50% |
| 5 Years 1 Day to 7 Years | 6.90% | 7.40% |
| 7 Years 1 Day to 10 Years | 6.90% | 7.40% |
| 5Y (Tax Saver FD) | 7.00% | 7.50% |
OPEN FIXED DEPOSIT
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Punjab and Sindh Bank fixed deposit rates
Punjab and Sindh Bank has revised its fixed deposit (FD) interest rates with effect from July 1, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 7.80% for senior citizens on of 666 days. For individuals, the highest interest rate on FDs can go up to 7.3% on the same tenure.
| Revised w.e.f. 01/07/2024 (% p.a.) |
| Maturity | Fixed Deposit |
| Less than Rs.3 Cr |
| 7 - 14 Days | 2.80(#) |
| 15 - 30 Days | 2.8 |
| 31 - 45 Days | 3 |
| 46 - 90 Days | 4.25 |
| 91 - 120 Days | 4.25 |
| 121-150 Days | 4.75 |
| 151 - 179 Days | 4.75 |
| 180 – 221 Days | 5.25 |
| 222 Days | 6.30($) |
| 223 – 269 Days | 5.25 |
| 270 – 332 Days | 5.5 |
| 333 Days | 7.15($) |
| 334-<1 Year | 5.5 |
| 1 Year | 6.3 |
| >1 Years - 443 Days | 6 |
| 444 Days | 7.25($) |
| 445 Days - 665 Days | 6 |
| 666 days | 7.3 |
| 667 Days-2 years | 6 |
| Above 2 years<998 days | 6.3 |
| 999 days | 6.65 |
| 1000 Days < 3 years | 6.3 |
| 3 years - 5 years | 6 |
| >5 years - 10 years | 6.25 |
FD interest rate up to 7.95%:
Punjab and Sind Bank extends last date of this special FD with higher interest rateBank of India fixed deposit rates
Bank of India has revised its fixed deposit (FD) interest rates with effect from June 30, 2024, according to the bank's website. The revised FD rates are applicable for FDs of up to Rs 3 crore. The bank offers the highest interest rate of 7.80% for senior citizens on tenure of 666 days. For individuals, the highest interest rate on FDs can go up to 7.3% on the same tenure.
| MATURITY (FOR NRE RUPEE TERM DEPOSITS, | FOR DEPOSITS OF LESS THAN RS.3 CR |
| MIN. TENOR IS 1 YEAR AND MAX. 10 YEARS) | REVISED W.E.F 30.06.2024 |
| 7 days to 14 days | 3 |
| 15 days to 30 days | 3 |
| 31 days to 45 days | 3 |
| 46 days to 90 days | 4.5 |
| 91 days to 179 days | 4.5 |
| 180 days to 210 days | 5.5 |
| 211 days to 269 days | 5.5 |
| 270 days to less than 1 year | 5.75 |
| 1 Year | 6.8 |
| Above 1 Year to less than 2 Years (except 666 Days) | 6.8 |
| 666 Days | 7.3 |
| 2 Years | 6.8 |
| Above 2 Years to less than 3 Years | 6.75 |
| 3 Years to less than 5 Years | 6.5 |
| 5 Years to less than 8 Years | 6 |
| 8 years & above to 10 Years | 6 |
IndusInd Bank fixed deposit rates
IndusInd Bank has revised the interest rates on fixed deposits (FDs) under Rs 3 crore. According to the bank's official website, the new rates are effective from July 3, 2024. The bank offers a fixed deposit interest rate between 3.50% and 7.75% for general citizens for FD tenures ranging from 7 days to 10 years. The highest interest rate of 7.75% is offered on FDs maturing between 1 year to 2 years.
| | Less than 3 Cr* (Domestic /NRO/NRE deposits) | Less than 3 Cr* (Senior Citizen) |
| Tenure | Rate | Rate |
| 7 days to 14 days | 3.5 | 4 |
| 15 days to 30 days | 3.5 | 4 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 60 days | 4.75 | 5.25 |
| 61 days to 90 days | 4.75 | 5.25 |
| 91 days to 120 days | 4.75 | 5.25 |
| 121 days to 180 days | 5 | 5.5 |
| 181 days to 210 days | 5.85 | 6.35 |
| 211 days to 269 days | 6.1 | 6.6 |
| 270 days to 354 days | 6.35 | 6.85 |
| 355 days to 364 days | 6.5 | 7 |
| 1 Year to below 1 Year 3 months | 7.75 | 8.25 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 7.75 | 8.25 |
| 1 Year 4 months to below 1 Year 6 months | 7.75 | 8.25 |
| 1 Year 6 Months up to 2 Years | 7.75 | 8.25 |
| Above 2 Years to below 2 Years 6 Month | 7.25 | 7.75 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 7.25 | 7.75 |
| 2 year 7 months to 3 years 3 months | 7.25 | 7.75 |
| Above 3 years 3 months to below 61 month | 7.25 | 7.75 |
| 61 month and above | 7 | 7.5 |
| Indus Tax Saver Scheme (5 years) | 7.25 | 7.75 |
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