Fixed Deposit is an investment where the returns are guaranteed. This is the reason why a large number of people invest in FDs. Due to rising inflation, the return on FD is a topic of discussion.
Fixed Deposit is an investment where the returns are guaranteed. This is the reason why a large number of people invest in FDs. Due to rising inflation, the return on FD is a topic of discussion. At the same time, there are many such banks which are giving strong returns to senior citizens on FD. Let’s check the list –
IndusInd Bank
IndusInd Bank is offering 7% return on FDs of 2 years to 5 years one month to senior citizens. At the same time, if a customer gets an FD for five years, then he will get 7% interest. 1.5 lakh can be claimed in tax exemption through FD.
6.50% interest is being given by the bank on FDs from 1 year to less than two years. Customers will get 6% interest on FDs of 270 days to 364 days.
Yes Bank
Yes Bank is offering 7% interest to its senior citizens on FDs of 3 years to 10 years. At the same time, the bank is giving 6.40% interest on FDs of one year or more but less than 18 months and 6.66% on fixed deposits of less than 18 months to 3 years. Let us tell you, to invest in FD, at least 10 thousand rupees have to be invested.
RBL Bank
Senior citizens are being given interest up to 7% by RBL Bank. Customers who make fixed deposits for 24 months to 36 months will get 7% return from the bank. The bank is giving 6.80% interest on FDs from 36 months to 60 months. At the same time, senior citizens are getting 6.75% interest on FDs of 12 months or more but less than 24 months.
Bandhan Bank
Bandhan Bank had changed the FD rates on 4 May 2022 itself. The bank is offering 7% interest on FDs of 2 years or more but less than 5 years. The bank is giving 6.35% interest on FDs from 5 years to 10 years.
