Up to 7.50% interest rate on 555-day FD: Check list
Fixed deposit (FD) interest rates as low as 7.50% are currently available for 555-day terms, offering investors a stable return without market risk. Senior citizens can earn slightly higher rates of up to 7.50% on the same tenure. City Union Bank, Karnataka Bank, Bank of Baroda, Indian Bank, Canara Bank, and Union Bank of India are among the banks offering attractive rates for the 555-day FD tenure.
City Union Bank provides 7.25% to general citizens and 7.50% to senior citizens, while Karnataka Bank offers 7% to general citizens and 7.40% to senior citizens. Bank of Baroda provides 6.75% to general citizens and 7.25% to senior citizens, Indian Bank offers 6.65% to general citizens and 7.15% to senior citizens, Canara Bank provides 6.60% to general citizens and 7.10% to senior citizens, and Union Bank of India offers 6.55% to general citizens and 7.05% to senior citizens.
Before investing, depositors should verify the latest rates with the respective banks. Additionally, TDS (Tax Deducted at Source) is applicable on FD interest income for non-senior citizens earning over Rs 50,000 in a financial year, and for senior citizens earning more than Rs 1 lakh.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
