FD Return for Senior Citizen: After increasing the repo rate from the Reserve Bank of India, the interest rates on fixed deposits from different banks, whether it is government or private, are also being increased.
But senior citizens get more interest in fixed deposits than common people. Almost all banks offer higher interest to senior citizen account holders. Recently, after the increase in the repo rate, the rate of fixed deposits has also increased and higher interest rates are being offered to senior citizens. Today we are telling you 4 such banks which are offering up to 8.25 percent interest on 2-year FD to senior citizens.
If you are a senior citizen and want to deposit the lump sum amount, then you can deposit your money in these banks.
Jana Small Finance Bank
According to the new interest rates of Jana Small Finance Bank, senior citizen customers are getting 8.05 percent interest on FDs maturing in 1 to 2 years. These new rates have come into effect from 15 June 2022. The benefit of the new rates is being given on an amount less than Rs 2 crore.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank had changed its FD rates on 12 August 2022. This bank offers FDs of 2 years and 730 days for senior citizens. The bank is giving an interest of 8.25 percent on these FDs.
Bandhan Bank
Bandhan Bank changed its FD interest rates on 22 August 2022. Bandhan Bank is giving interest at the rate of 7.50 per cent to senior citizens on FDs maturing in more than 18 months but less than 2 years. The same interest is being given on FDs of 2 years to 3 years and 3 years to more than 5 years.
indusind bank
IndusInd Bank changed its FD rate on 12 August 2022. Senior citizens are getting interest at the rate of 7.50 percent on FDs of less than 2 crores and FDs of less than 1 year 7 months to 2 years.
