The bank is offering interest up to 9.50% to senior citizens on 1001 day fixed deposits. Unity Small Finance Bank is offering 9.25% interest to senior citizens on FDs ranging from 6 months to 201 days.
Fixed Deposits (FD) are considered one of the safest means of investment. Here, many banks have increased the interest rates of their fixed deposits. A bank is offering interest up to 9.50% on fixed deposits. This is Unity Small Finance Bank.
The bank is giving interest up to 9.50% to senior citizens on its 1001 day fixed deposit. The bank is offering 9.25% interest to senior citizens on FDs ranging from 6 months to 201 days. At the same time, the bank is giving 9.25% interest on 501 day FD and 9.45% interest to senior citizens on 701 day fixed deposit.
Senior citizens can get up to 7.85% interest on Axis Bank FD
Axis Bank has revised its fixed deposit interest rates from 5 February 2024. The revised rates are applicable to fixed deposits of less than Rs 2 crore. Common people can get maximum interest on fixed deposits up to 7.20% and senior citizens can get up to 7.85% interest. Axis Bank is offering interest ranging from 4.8% to 7.85% to senior citizens on fixed deposits ranging from 7 days to 10 years.
HDFC Bank also revised interest rates
HDFC Bank has increased the interest rates on bulk fixed deposits above Rs 2 crore and up to Rs 5 crore for domestic, NRO, NRE customers. The new rates are effective from 3 February 2024. The bank is giving interest ranging from 4.75% to 7.40% to the common people.
At the same time, HDFC Bank is now giving interest ranging from 5.25 percent to 7.90 percent to senior citizens. Senior citizens will get 50 basis points more interest than standard rates on fixed deposits.
