FD Rates for Senior Citizens: The Reserve Bank of India has increased the repo rate while reviewing the monetary policy. After this, the interest rates on FD have also increased. Know which banks are giving up to 8.35% interest on FDs to senior citizens.
FD Rates for Senior Citizens:
Fixed deposit ie FD is a big source for senior citizens at this stage of age. That’s why senior citizens invest their savings in it. He takes care of his old age from the interest he gets in FD. This is the reason why all banks give 0.50 percent more interest to senior citizens. Significantly, the Reserve Bank of India had increased the repo rate. After this, many banks also increased the interest rate available in FD. Now many banks are offering more than eight percent interest to senior citizens.
FD Rates on DCB Bank
DCB banks are giving up to 8.35% interest to senior citizens on three-year FDs. There is an interest rate of eight percent on FD of 18 months. At the same time, the interest rate is up to 8.35 percent from 18 months to 36 months. From 36 months to 60 months, the interest rate is up to 8.10 percent. FD from 60 months to 120 months is 8.10 percent interest rate. In private sector bank, DCB Bank is giving maximum interest on FD to senior citizens. If you have invested Rs 1 lakh on fixed deposit, then after three years it will increase to Rs 1.28 lakh.
IndusInd and IDFC First Bank
IndusInd Bank is offering up to 8.25% interest on three-year FDs to senior citizens. At the same time, IDFC First Bank is getting an interest rate of up to 8.25 percent. The interest rate on FD from 18 months one day to three years is eight percent. For more than two years and up to two years, the interest rate is 8.25 percent. From two years nine months to three years three months, the interest rate is up to 8.25 percent. In more than three years, the interest rate is up to eight percent. In this case, if you have invested one lakh rupees, then in three years it will increase to 1.27 lakh rupees.
Interest rate up to 7.75 percent in these banks
Axis Bank, Bandhan Bank and Yes Bank are offering up to 7.75% interest on three-year FDs to senior citizens. If you invest Rs 1 lakh today, you will get Rs 1.26 lakh in the coming three years.
HDFC, ICICI and RBL Bank are offering up to 7.5 percent interest rate on three-year FDs to senior citizens. If you make an FD of Rs 1 lakh, you will get Rs 1.25 lakh in three years. Karur Vysya Bank is giving 7.4 percent interest to senior citizens in three-year FDs.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
