Archive · 22 Aug 2025
December 6, 2024: Interest Rates on Deposits and Home Loans
Banks and financial institutions set interest rates for fixed deposits, which are accounts that earn interest, and home loans.
These rates change from bank to bank.
Some banks, like DBS, Deutsche Bank, and HSBC, offer fixed deposit rates.
Public sector banks like Bank of Baroda and Canara Bank have their own rates.
Private banks and small finance banks also have different rates.
Home loans can have fixed or floating interest rates, and these vary depending on the lender.
Fixed deposit interest rates vary across banks, with rates influenced by the deposit term.
Foreign banks offer fixed deposit rates up to 7.3% on specific terms.
Public sector banks offer fixed deposit rates up to 6.9%.
Private sector banks provide fixed deposit rates up to 7.6% on specific terms.
Home loan interest rates fluctuate based on the lender and whether the rate is fixed or floating.
- Who
- Various banks, including public, private, and foreign banks, and housing finance companies.
- What
- Current fixed deposit and home loan interest rates.
- When
- December 6, 2024.
- Where
- Across various banks and financial institutions.
- Why
- To inform consumers about current rates for financial decisions.
- Date
- December 6, 2024
- FD Interest Rates
- 4.1% - 8.2% (Small Finance Banks)
- Home Loan: Floating Rate Range
- 7.30% - 18.0%
- Home Loan: Fixed Rate Range
- 8.50% - 14.00%