Bank FD Rates: The special thing is that, in a period of 3, 7 years, Yes Bank gives the highest interest to its customers on FD compared to big banks like SBI, HDFC, ICICI Bank.
Bank FD Rates: If people are planning for investment, then the name of fixed deposit comes first in their mind. Because FD is considered to be the best option for investment, which not only gives guarantee, but also gives good returns. Apart from this, according to the savings account, it gives more returns. But there are many banks where senior citizens get more interest on Fixed Deposit. In such a situation, Yes Bank has increased the interest rate on FDs for senior citizens.
Let us tell you that Yes Bank of the private sector currently gives 0.75 percent interest on FD to senior citizens at the normal rate. At the same time, the special thing is that, in a period of 3, 7 years, Yes Bank gives the highest interest to its customers on FD as compared to big banks like SBI, HDFC, ICICI Bank.
7% interest rate for 3-10 year tenure
If senior citizens get an FD of Rs 2 crore for a tenure of 3 to 10 years, then they get 7 percent interest rate, which is 0.74 percent more than the normal rate. The bank offers a rate of 3.75 per cent to senior citizens for tenures ranging from 7 days to 14 days, which is 0.50% higher than the normal rate of 3.5%. During various tenures, Yes Bank offers an additional interest rate of 0.5-0.75 per cent to senior citizens. Apart from this, senior citizens in Yes Bank are offered an annualized yield of 7.19% on tenure of 3-10 years as against the normal rate of 6.40 percent.
SBI Fixed Deposit Interest Rate
State Bank of India gives an interest of 5.95 per cent to the senior citizens on the tenure of less than 3 to 5 years. At the same time, the interest rate of 6.30% for the time period of 5 years and up to 10 years. SBI has introduced SBI Wecare deposits for senior citizens in the retail TD segment, in which senior citizens will get an additional 30 basis points on their retail TD for 5 years and above in addition to the existing 50 basis points. rate will be paid. However, this scheme is available only till September 30, 2022.
HDFC and ICICI Bank interest rates
Let us tell you that HDFC Bank and ICICI Bank give 6.35 percent interest rate to their senior citizens on FDs of less than Rs 2 crore for tenures from 5 years to 10 years. Both the banks offer an interest rate of 5.95 per cent on tenures ranging from 3 years 1 day to 5 years.
