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Best FDs
Here are banks that have revised fixed deposit interest rates in April 2024.
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Fincare Small Finance Bank
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IDBI Bank
The bank offers senior citizens 7.55%. The bank gives regular, NRE, and NRO customers an interest rate of 7.05% under the Utsav FD of 300 days. The bank gives senior citizens 7.60%. The bank gives regular, NRE, and NRO customers an interest rate of 7.10% under FD scheme of 375 days.
The bank has cut 5 bps on fixed deposit interest rate from 7.25% to 7.20% and for senior citizens, the bank offers older citizens 7.70% from 7.75%.
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Federal Bank
For senior citizens, the bank offers an interest rate between 3.50% to 7.90% for tenure between 7 days to 10 years. After the revision, the highest interest rate for senior citizens is 7.90% which is offered on a tenure of 400 days.
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Bank of India
According to the Bank of India website, “The deposit under the specific maturity bucket of 175 days for amount bucket of “Rs.2 Cr & above but less than Rs.50 Cr” stands discontinued and the same will not be available from 01.04.2024.”
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Suryoday Small Finance Banks
After the revision, the bank is offering general public with interest at a rate of 4.00 percent to 8.60 percent, and senior citizens at a rate of 4.50 percent to 9.10 percent for deposits less than Rs 2 crore with maturities ranging from 7 days to 10 years.
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