FD rates in November 2024: Highest interest from private and public banks

Quick Summary:

For one-year fixed deposits, Bandhan Bank and IndusInd Bank lead with rates of 8% and 7.

Most banks offer a higher interest rate to senior citizens, usually 0.5% more than the standard rate, providing a better yield for those above 60 years of age.

Public sector banks present a similar spread in rates, with certain banks like Central Bank of India and Punjab & Sind Bank offering rates above 7% for specific tenures.

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Article Details

Category: BusinessFinance

Markets: IndiaAustralia

Topics: Small finance bank FD rates Secure FD returns Best FD rates FD interest rates November 2024 FD rates comparison High FD rates 3-year FD interest rates Bank fixed deposit rates FD tax rules India Top banks FD rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 13:24:58 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 821 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23391440

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 292 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #49

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