Bank fixed deposit rates update for November 2024 with YES Bank and Punjab & Sind Bank changes

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In November 2024, YES Bank lowered its fixed deposit (FD) interest rate to 7.75% for an 18-month term, down from 8%. Rates now range from 3.25% to 7.75% for regular customers, with senior citizens earning up to 8.25%. Punjab & Sind Bank increased its FD rates, offering up to 8.25% for deposits of ₹1 lakh or more, effective November 14, 2024. This rate is available until December 31, 2024. These changes reflect a shift in the fixed deposit landscape, with YES Bank reducing rates while Punjab & Sind Bank offers competitive returns for larger deposits.


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Bank fixed deposit rates update for November 2024 with YES Bank and Punjab & Sind Bank changes | News Minimalist