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Latest Fixed Deposit Rates: 5 banks revise FD rates in September – check list – Times of India
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Latest Fixed Deposit Rates: 5 banks revise FD rates in September – check list – Times of India


Several banks have adjusted their fixed deposit interest rates during the month of September. (AI image)

Fixed deposits provide a reliable investment opportunity with interest rates that surpass those of standard savings accounts. Once an investor commits to a fixed deposit, the interest rate remains fixed for the entire term of the deposit. This predictability enables investors to accurately forecast their earnings and make well-informed financial decisions.
Several banks have adjusted their fixed deposit interest rates during the month of September, according to an ET report.

Bank of Baroda: Latest FD Rates

Bank of Baroda offers fixed deposit interest rates between 4.25% to 7.30% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers an interest rate between 4.75% to 7.80%. The rates are applicable from September 5, 2024.

Tenors Residents / General Public Resident Indian Sr. Citizen
7 days to 14 days 4.25 4.75*
15 days to 45 days 4.5 5.00*
46 days to 90 days 5.5 6.00*
91 days to 180 days 5.6 6.10*
181 days to 210 days 5.75 6.25*
211 days to 270 days 6.25 6.75*
271 days & above and less than 1 year (except 333Days and 360 Days) 6.5 7.00*
333 Days (bob Monsoon Dhamaka Deposit Scheme) 7.15 7.65*
360 Days (bob360) 7.1 7.60*
1 year 6.85 7.35*
399 Days (bob Monsoon Dhamaka Plus Deposit Scheme) 7.3 7.80*
Above 1 year to 400 days (Except 399 Days) 7 7.50*
Above 400 days and upto 2 Years 7 7.50*
Above 2 Years and upto 3 Years 7.15 7.65*
Above 3 Years and upto 5 Years 6.5 7.15 #
Above 5 Years and upto 10 Years 6.5 7.50**
Above 10 years (MACT/MACAD 6.2

5

 6.75*
Court Order schemes only)

Axis Bank: Latest FD Rates

Axis Bank offers fixed deposit interest rates between 3% to 7.25% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers an interest rate between 3.5% to 7.75%. The rates are applicable from September 10, 2024.

IndusInd Bank: Latest FD Rates

IndusInd Bank offers fixed deposit interest rates between 3.5% to 7.99% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers an interest rate between 4% to 8.25%. The rates are applicable from September 11, 2024.

< 3 Cr* DOMESTIC(RESIDENT) NRE/NRO deposits < 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 7.99 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

Federal Bank: Latest FD Rates

Federal Bank offers fixed deposit interest rates between 3% to 7.40% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers an interest rate between 3.5% to 7.90%. The rates are applicable from September 16, 2024.

Period Single Deposit Less than ₹300 Lakhs – General Public Single Deposit Less than ₹300 Lakhs – Senior Citizen
7 days to 29 days 3.00% 3.50%
30 days to 45 days 3.25% 3.75%
46 days to 60 days 4.00% 4.50%
61 days to 119 days 4.75% 5.25%
120 days to 180 days 5.00% 5.50%
181 days 6.50% 7.00%
182 days to less than 1 year 6.25% 6.75%
1 year to 399 days 6.80% 7.30%
400 days 7.35% 7.85%
401 days to 776 days 7.05% 7.55%
777 days 7.40% 7.90%
778 days to less than 3 years 7.05% 7.55%
3 years to less than 50 months 7.00% 7.50%
50 Months 7.40% 7.90%
Above 50 months to less than 5 years 7.00% 7.50%
5 years and above 6.60% 7.25%

Karnataka Bank: Latest FD Rates

Karnataka Bank offers fixed deposit interest rates between 3.5% to 7.50% for general citizens for tenure ranging from 7 days to 10 years. According to the bank website, “Resident senior citizens get extra 0.25% above general rate up to & inclusive of ?5 crore only under domestic FD and ACC Schemes (Not for deposit under NRE/NRO/FCNR(B) accounts) for a tenure of 7 days to below 1 years, and extra 0.50% above general rate for tenure 1 year to 10 years.”

Maturity period Interest rate (% p.a.) for deposits below ₹ 3 crore
7 days to 45 days 3.5
46 days to 90 days 4
91 days to 179 days 5.25
180 days to below 1 year 6.25
250 days only 6.75
1 year to 2 years 7.35
375 days (FD & ACC) 7.5
Above 2 years to 5 years 6.5
Above 5 years to 10 years 5.8





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