Fixed Deposit: Many banks are currently giving good interest on fixed deposits. Interest on FD has been increased for some time, because RBI has increased the repo rate several times.
Here are some major banks that are offering up to 8% interest on fixed deposits. Let us know which banks are paying interest on FDs to senior citizens.
Under SBI’s special FD, 7.5 percent interest is being given on fixed deposits ranging from 5 years to 10 years. It is available till March 31 and can be invested up to less than Rs 2 crore.
ICICI Bank is giving 7.50 percent interest under Golden Year FD to senior citizens on tenure of five years to 10 years. This special FD is available till 7th April.
HDFC Bank is offering a maximum interest of 7.75 per cent on special FDs for tenures of five years and 10 years. This FD is available till March 31.
Senior citizens on IDBI Bank Fixed Deposit are paying 7.50 percent interest on tenure between 1 year and 2 years. 7.9 percent interest is being given on 444 days tenure and 8 percent interest is being given on 700 days tenure. These FDs are available till March 31, 2023 only.
