Major Banks Hiked FD Rates Up to 7.6% for <2 Crs FDs for Seniors

Good News for FD Loyalists

Popular Indian banks are hiking FD rates, offering up to 7.10% interest. Investors, buckle up for a closer look.

SBI Hikes FD Interest Rates

The SBI has increased interest rates on certain FDs by up to 50 basis points on deposits below Rs 2 crore.

Union Bank Hikes FD Interest Rates

FD rates for senior and super senior citizens FDs are 0.5% & 0.75% higher than general citizens (shown in the above table).

Axis Bank Updated FD Rates

Interest rates on FDs below Rs 2 crore have been updated. Individuals can earn up to 7.10%, while senior citizens can get as high as 7.75%.

Lock in higher returns while rates are hot. So, compare, negotiate, & diversify across shorter tenors to stay ahead of potential future dips.

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