RBI did not increase the repo rate in MPC this time and kept it at 6.50 percent only. Earlier, from May 2022, the Reserve Bank increased the repo rate six times.
HDFC Bank is giving 7.75 percent interest to senior citizens on FDs maturing between 5 years 1 day to 10 years. For others, the interest rate for the same period has been fixed at 7 percent.
Fincare Small Finance Bank Senior citizens can get an interest rate of 9.01 percent on FDs maturing in 1000 days. For others, the interest rate has been fixed at 8.41 per cent for the same period.
Unity Small Finance Bank Senior citizens can get an interest rate of 9.50 percent on FDs maturing in 1001 days. For others, the interest rate is 9 per cent for the same tenure.
Utkarsh Small Finance Bank is giving 9% interest to senior citizens on FDs maturing in 700 days. For ordinary citizens, the interest rate for the same period is 8.25 percent.
Equitas Small Finance Bank is giving 9 percent interest to senior citizens on FDs maturing in 888 days. Others are getting 8.5 percent interest for the same period.
State Bank of India (SBI) has extended the validity of Amrit Kalash Special FD (FD) scheme till 30 June 2023. In this, 7.10 percent interest is being offered on 400 days FD. Apart from this, there is an interest rate of 7.60% for senior citizens.
