4 Banks Including Axis Bank, ICICI Bank Revise FD Rates --Check Latest Bank FD Interest Rates July 2024

With effect from July 1, 2024, some banks have changed the interest rates on their Fixed Deposits (FDs). The rates have been revised for sums under Rs 3 crore. 

Here's a quick glance at the updated fixed deposit interest rates offered by the leading Indian banks. Check and compare latest FD rates --Axis Bank vs ICICI Bank vs Ujjivan Small Finance Bank vs Punjab and Sindh Bank.

With effect from July 1, 2024, Axis Bank has modified the interest rates on its FDs up to Rs 3 crore. Senior citizens will get a maximum rate of 7.75% on tenure between 5 and 10 years and for other customers, the maximum interest rate can reach 7.2% for terms ranging from 17 to 18 months.

With effect from July 1, 2024, Ujjivan Small Finance Bank has modified the interest rates on its FDs. The bank gives senior citizens the highest interest rate of 8.75% on FDs up to Rs 3 crore with a 12-month tenor. The maximum interest rate on FDs for others can increase to 8.25% during 12 months.

With effect from July 1, 2024, ICICI Bank has modified the interest rates on its FDs. The bank gives the maximum interest rate of 7.75% for elderly individuals with 15 to 18-month term FDs. The maximum interest rate on FDs for others can reach 7.2% for terms ranging from 15 months to 2 years. The revised rates apply to FDs up to Rs 3 crore. 

With effect from July 1, 2024, Punjab and Sindh Bank has modified the interest rates on its FDs. The bank provides elderly people the highest interest rate of 7.80% on FDs up to Rs 3 crore for a period of 666 days. The maximum interest rate on FDs for other customers might reach 7.3% over the same period of time.