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The fixed deposit interest rates given by small finance banks, are higher. There are some small finance banks that are offering up to 9% interest on FDs. Book these FD now before the rates start to drop. Read here to know the FD rates offered by the small finance banks in India.
Up to 8.35% rate: 5 banks offering best 1-year FD rates for senior citizens
The bank has also extended the special FD tenure with higher interest offered only for limited period. The new rates will be effective as of February 1, 2024, according to the bank's official website.
Bank FD rates: Up to 8% interest rate is offered by some banks on an fixed deposit (FD). The rates are effective from January 20, 2024 and are for FDs of value less than Rs 2 crore. Read here to know the latest FD rate of Union Bank and Karnataka Bank and what are interest rates offered.
The bank is offering the highest FD interest rate of 8% to general customers and 8.60% for senior citizens, after the revision.