Metropolis Union Financial institution’s FD new charges got here into impact on Could 6.
Utkarsh Small Finance Financial institution modified its FD charges for quantities under Rs 2 crore. The brand new charges, which had been relevant from Could 1, vary from 4% to eight.50%
In Could 2024, a number of banks modified their mounted deposit (FD) charges, providing buyers a chance to earn increased returns. The banks which have modified their charges embody Utkarsh Small Finance Financial institution (SFB), Metropolis Union Financial institution, RBL Financial institution and Capital Small Finance Financial institution. In line with an ET report, right here’s every little thing it’s worthwhile to know concerning the new charges.
Utkarsh Small Finance Financial institution
Utkarsh Small Finance Financial institution modified its mounted deposit charges for quantities under Rs 2 crore. The brand new charges, which had been relevant from Could 1, 2024, vary from 4% to eight.50% for normal clients. For senior residents, the charges vary from 4.60% to 9.10%. The best charges, 8.50% for normal clients and 9.10% for senior residents are relevant for deposits with a tenure of two to three years.
RBL Financial institution
RBL Financial institution has up to date its mounted deposit charges for quantities under Rs 2 crore, with the modifications coming into impact from Could 1, 2024. The financial institution gives an rate of interest of 8% for FDs with a tenure of 18 to 24 months. For senior residents, the speed is 8.50%, which is 0.50% increased than common clients. Tremendous senior residents (80 years and above) get a premium of 0.75%, making them get an rate of interest of 8.75% for a similar tenure.
Capital Small Finance Financial institution
Capital Small Finance Financial institution has up to date its mounted deposit charges for quantities under Rs 2 crore, with the brand new charges coming into impact from Could 6, 2024. Basic residents can earn between 3.5% and seven.55%, whereas senior residents can get rates of interest between 4% and eight.05%. The best rate of interest is offered for a hard and fast deposit of 400 days.
Metropolis Union Financial institution
Metropolis Union Financial institution has up to date its mounted deposit charges for deposits under Rs 2 crore. The brand new charges got here into impact from Could 6, 2024. For frequent residents, the rates of interest vary from 5% to 7.25%, whereas senior residents can earn between 5% and seven.75%. The best charges, 7.25% for common residents and seven.75% for senior residents can be found on mounted deposits with a tenure of 400 days.
