Many banks have increased the interest paid on Fixed Deposit (FD). This interest rate is even better for customers falling in the category of senior citizens. In such a situation, today we are going to tell you about six such banks, where customers are getting the benefit of more than 8 percent interest only for a period of three years.
During the last few times, both government and private banks have made the interest rate offered on Fixed Deposit (FD) much better for the customers. Fixed deposits have always been considered the most preferred and safe mode of investment.
However, till a time the interest rate available on it was very low. But now many banks have increased it. This interest rate is even better for customers falling in the category of senior citizens. In such a situation, today we are going to tell you about six such banks where customers are getting the benefit of more than 8 percent interest only on a period of three years.
DCB Bank
This private sector bank is giving the benefit of very attractive interest rate to senior citizens on Fixed Deposit (FD). DCB Bank offers an interest rate of 8.50 per cent to senior citizens for deposits of less than Rs 2 crore with tenors between 15 months and 24 months. These rates are effective from March 10, 2023.
IDFC First Bank
IDFC First Bank offers the highest interest rate of 8.25 per cent to senior citizens on FDs maturing in 18 months and 1 day to 3 years (549 days to 3 years) for deposits below Rs 2 crore.
IndusInd Bank
IndusInd Bank offers the highest interest rate of 8.25 per cent to senior citizens on FDs maturing between one year and six months and two years and nine months. These rates are effective from March 22, 2023.
Axis Bank
Axis Bank is offering a maximum annual interest rate of 8.01 per cent to senior citizens on FDs maturing in 2 years to 30 months. These interest rates are effective for customers from 4 April 2023 only.
Bandhan Bank
Bandhan Bank is offering very attractive interest rates to customers who fall in the category of senior citizens. Bandhan Bank is offering an interest rate of 8.50 percent per annum on 600 days FD. This interest rate is effective from 6 February 2023 only.
RBL Bank
RBL Bank has also increased the interest rate for customers falling in the category of senior citizens. This bank is now giving the benefit of maximum interest rate of 8.30% to senior citizens on FDs maturing in 15 months to 725 days. These interest rates have become effective from 1 February 2023 only.
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