Ahead of the December Monetary Policy Meet of the Reserve Bank of India, many banks have revised the interest rates for their fixed deposit schemes across tenures.
Karnataka Bank and Canara Bank are among the latest lenders to revise their FD rates ahead of the RBI MPC meet announcements, scheduled to be made by governor Shaktikanta Das on Dec. 6. The RBI MPC meeting started on Dec. 4.
Fixed deposits offer fixed interest rates over a predetermined period and it could be a good option for investors looking for low-risk savings instruments. Most of the banks offer marginally higher interest rates to senior citizens on FD schemes across tenures.
Here are the latest fixed deposit interest rates of IDFC First Bank, Canara Bank, IndusInd Bank and Karnataka Bank.
Karnataka Bank FD Interest Rates
The latest Karnataka Bank fixed deposit interest rates were revised on Dec. 2 and range from 3% to 8% per annum across all tenures for general public and senior citizens.
After the latest revision, Karnataka Bank FD rate for deposits below Rs 3 crore for a tenure of 7 days to 45 days is 3%. For FDs of 1 year to 2 years duration, Karnataka Bank offers 7.25% interest for the general public, and 7.75% for senior citizens. The highest interest rate for senior citizens is 8% on a tenure of 375 days.
Karnataka Bank Fixed Deposit Rates
Here are the Karnataka Bank fixed deposit interest rates across different tenures for deposits worth less than Rs 3 crore.
| General Public | |
|---|---|
| Tenure | Interest Rate (%) |
| 7 days to 45 days | 3.50 |
| 46 days to 90 days | 4.00 |
| 91 days to 179 days | 5.25 |
| 180 days to below 1 year | 6.25 |
| 1 year to 2 years | 7.25 |
| 375 days (FD & ACC) | 7.50 |
| Above 2 years to 5 years | 6.50 |
| Above 5 years to 10 years | 5.80 |
| Senior Citizens | |
| Tenure | Interest Rate (%) |
| 375 days (FD & ACC) | 8.00 |
| 1 year to 2 years | 7.75 |
| Above 2 years to 5 years | 7.00 |
| Above 5 years to 10 years | 6.30 |
Canara Bank FD Interest Rates
Canara Bank FD rates were revised on Dec. 1. As per the latest update, Canara Bank fixed deposit interest rates range between 4% to 7.4% across different tenures and categories. The bank offers 0.50% extra interest to senior citizens for longer tenures. Canara Bank offers the highest interest rate for the tenure of 3 years and less than 5 years, offering 7.4% to the general public and 7.9% to senior citizens.
Canara Bank Fixed Deposit Rates
Here are the fixed deposit interest rates of Canara Bank across all tenures for deposits less than Rs 3 crore.
| Tenure | Interest Rate % (General Public) | Interest Rate % (Senior Citizens) |
|---|---|---|
| 7 Days to 45 Days | 4.00 | 4.00 |
| 46 Days to 90 Days | 5.25 | 5.25 |
| 91 Days to 179 Days | 5.50 | 5.50 |
| 180 Days to 269 Days | 6.15 | 6.65 |
| 270 Days to less than 1 Year | 6.25 | 6.75 |
| 1 Year Only | 6.85 | 7.35 |
| 444 Days | 7.25 | 7.75 |
| Above 1 Year to less than 2 Years | 6.85 | 7.35 |
| 2 Years & above to less than 3 Years | 7.30 | 7.80 |
| 3 Years & above to less than 5 Years | 7.40 | 7.90 |
| 5 Years & above to 10 Years | 6.70 | 7.20 |
IndusInd Bank FD Interest Rates
Private lender IndusInd Bank updated its FD rates starting from Nov. 26. The bank offers attractive FD interest rates up to 8.49%. The rates start from 3.50% and vary across different tenures. The highest interest rate is being offered for FDs between 17 months and 18 months at 7.99% to the general public and 8.49% to senior citizens.
IndusInd Bank Fixed Deposit Rates
Read below to find out IndusInd Bank FD rates for deposits of less than Rs 3 crore across tenures.
| Tenure | Interest Rate % (General Public) | Interest Rate % (Senior Citizens) |
|---|---|---|
| 7 days to 14 days | 3.50 | 4.00 |
| 15 days to 30 days | 3.50 | 4.00 |
| 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 | 5.00 | 5.50 |
| 181 days to 210 days | 5.85 | 6.35 |
| 211 days to 269 days | 6.10 | 6.60 |
| 270 days to 354 days | 6.35 | 6.85 |
| 355 days to 364 days | 6.50 | 7.00 |
| 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 5 months | 7.75 | 8.25 |
| 1 Year 5 months to below 1 Year 6 months | 7.99 | 8.49 |
| 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 | 7.00 | 7.50 |
| Tax Saver (5 Years) | 7.25 | 7.75 |
IDFC First Bank FD Interest Rates
IDFC First Bank revised its FD rates from Nov. 26. The bank is offering interest rates between 3% and 8.40% across all categories. For a tenure of 400 days to 500 days the interest rate is 7.9% and 8.4% for general public and senior citizens, respectively. IDFC Bank also offers tax saving FDs and green deposits to its investors.
IDFC First Bank Fixed Deposit Rates
Check out IDFC First Bank FD interest rates in different tenures for deposits less than Rs 3 crore.
| Tenure | Interest Rate % (General Public) | Interest Rate % (Senior Citizen) |
|---|---|---|
| 7 to 14 days | 3.00 | 3.50 |
| 15 to 29 days | 3.00 | 3.50 |
| 30 to 45 days | 3.00 | 3.50 |
| 46 to 90 days | 4.50 | 5.00 |
| 91 to 180 days | 4.50 | 5.00 |
| 181 days and less than 1 year | 5.75 | 6.25 |
| 1 year | 6.50 | 7.00 |
| 1 year 1 day to 370 days | 7.25 | 7.75 |
| 371 days to 399 days | 7.50 | 8.00 |
| 400 days to 500 days | 7.90 | 8.40 |
| 501 days to 2 years | 7.25 | 7.75 |
| 2 years 1 day to 3 years | 6.80 | 7.30 |
| 3 years 1 day to 5 years | 6.75 | 7.25 |
| 5 years 1 day to 10 years | 6.50 | 7.00 |
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