Senior Citizen is busy, these banks are giving tremendous returns on FD
Fixed deposits Interest Rate: Banks of the country keep bringing new schemes for senior citizens. If you are also a senior citizen and want to invest in such a scheme which gives high returns, then today we are going to tell you about 8 big banks which are giving the highest interest on FD to senior citizens, so let's check them all. Banks' interest rates...
The Kalamkar News, Digital Desk- New Delhi: There was doubt about the stance of banks when once again there was no change in the repo rate by RBI. Consumers were wondering whether after this the banks will increase or reduce the interest rate?
However, recently many banks have increased interest rates. There are still many banks that are offering interest rates of 9% and above on fixed deposits (FD) to senior citizens.
Interest rates are available on FDs less than Rs 2 crore. Let us know about some such banks which are providing interest rate of more than 9% to senior citizens on FD.
Unity Small Finance Bank
Unity Small Finance Bank offers senior citizens an interest rate of 9.5% on FDs maturing in 1001 days.
Fincare Small Finance Bank
Fincare Small Finance Bank offers an interest rate of 9.21% to senior citizens on FDs maturing in 750 days.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank offers an interest rate of 9.1% to senior citizens on FDs maturing between two to three years.
Equitas Small Finance Bank
Equitas Small Finance Bank offers 9% interest rate to senior citizens on FDs maturing in 444 days.
ESAF Small Finance Bank
ESAF Small Finance Bank offers 9% interest rate to senior citizens on FDs maturing between two to three years.
Jana Small Finance Bank
Jana Small Finance Bank offers an interest rate of 9% on FDs maturing between more than two years to less than three years.
Kotak Mahindra increased interest rates
Kotak Mahindra Bank has increased the interest rate on tenure of 3 years and above but less than 4 years by 50 bps to 7% from 6.50% and on tenure of 4 years and above but less than 5 years by 75 bps to 6.25%. From 7%. The bank offers interest rates between 2.75% to 7.25% to general citizens and 3.25% to 7.75% to senior citizens.
DCB Bank FD Rates
The bank has increased the interest rate for general citizens by 10 bps from 7.75% to 7.85% on tenure from 12 months 1 day to 12 months 10 days. For senior citizens, it has been increased from 8.25% to 8.35% over the same period.
ICICI and HDFC increased rates
The largest private sector banks, HDFC and ICICI Bank have given great news to the customers. Both banks have made changes in their interest rates on FD (Fixed Deposit).
According to the bank, the lowest FD rate of 4.75% is offered for tenure between 7 days to 14 days and the highest FD rate of 7.25% is offered for tenure between 390 days to 15 months. At the same time, HDFC Bank has made changes in fixed deposit rates for amounts above Rs 5 crore, effective from December 5, 2023.