Get up to 9.10% interest on FD, these 4 banks made interest rate changes in May.

New Delhi. Whenever there is talk of savings, the name of Fixed Deposit (FD) definitely comes up. Your investment in Fixed Deposit is safe, and you also get guaranteed returns. If you also want to invest in FD then this is useful news for you.

In May 2024, several banks including Utkarsh Small Finance Bank, City Union Bank, RBL Bank and Capital Small Finance Bank revised their FD interest rates. Here is the list of revised FD rates in May.

Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has revised its FD interest rates for amounts below Rs 2 crore. The revised rates will be effective from May 1, 2024. After this amendment the bank is providing interest rate between 4% to 8.50% for general citizens while for senior citizens the bank is providing interest rate between 4.60% to 9.10%. The highest rate of interest is 8.50 percent for general citizens and 9.10 percent for senior citizens for a period of 2 years to 3 years.

City Union Bank
City Union Bank has revised the FD interest rates for amounts below Rs 2 crore. The revised FD interest rates are effective from 6 May 2024. The bank is offering interest rates between 5 percent to 7.25 percent for general citizens and 5 percent to 7.75 percent for senior citizens. The highest interest rate of 7.25 percent is being given to general citizens and 7.75 percent to senior citizens for a period of 400 days.

RBL Bank
RBL Bank has revised the FD interest rates for amounts below Rs.2 crore. The revised FD interest rates are effective from May 1, 2024. RBL Bank offers the highest interest rate of 8% on FDs maturing between 18 to 24 months. On the same FD tenure, senior citizens will earn an additional interest rate of 0.50 percent i.e. 8.50 percent and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75 percent i.e. 8.75 percent.

Capital Small Finance Bank
Capital Small Finance Bank has revised FD interest rates for amounts below Rs 2 crore. The revised rates will be effective from May 6, 2024. The bank is offering interest rates between 3.5% to 7.55% to the general public. The bank is offering interest rates between 4 percent to 8.05 percent for senior citizens. The highest interest rate is being offered for a period of 400 days.

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