Best Bank FD rates: Earn nearly 9% interest on fixed deposits – Check revised rates from RBL, Equitas, Federal Bank, and

Bank FD rates: Several banks, including Federal Bank, RBL Bank, and Equitas, have revised their fixed deposit interest rates in December 2024. As per the revised FD rates, investors can earn nearly 9% return on their fixed deposits. 

Fixed deposits are one of the most suitable options for investors who want to park their contingent funds in a safe place. They can also offer a decent return on their investment without experiencing any market volatility. 

Here are the details of latest bank FD rates of SBI, RBL Bank, Federal Bank, Equitas, etc. 

RBL Bank FD rates

RBL Bank revised FD rates for amounts less than ₹3 crore, providing interest rates between 3.5 and 8% on FDs for general citizens and 8.5% on FDs for senior citizens.

Equitas FD interest rates 

Equitas Small Finance bank is offering FD rates close to 9% to senior citizens on selected tenure (based on annualised yield). These FD rates have been revised on December 2, 2024. As per the official website, revised FD rates for general citizens lie between 3.5 and 8.25%.

 “For Resident Senior Citizens, an additional interest of 0.5% p.a. is applicable for all tenures except 888 days; For 888 days, an additional interest of 0.25% p.a. above the General Public Rate of 0.5% p.a. variance will be applicable for Resident Senior Citizens,” said Equitas Small Finance bank on its website

Federal Bank FD rates 

Federal Bank has also updated its interest rates on fixed deposits for amount less than ₹3 crore. As per the revised FD rates, general citizens can get an interest up to 3% and 7.4% on different tenure, whereas, senior citizens can get interest rate between 3.5% and 7.9% on FD for different tenures.