Senior Citizen Fixed Deposit Interest Rate: If you come under the category of Senior Citizen and you want to invest in Fixed Deposit of a bank, then these 10 banks will give you a higher interest rate for your good returns. are.
Because FD is the main means of preferred investment for senior citizens. Explain that most of the largest lending banks in the country pay 50 basis points (bps) more than the interest given to general customers.
After the repo rate hike by RBI from May 2022, banks are increasing lending as well as deposit rates. Hence, FD investors are happy to see attractive returns on their deposits. With the increase in repo rates the interest rates are going upwards. Repo rate is the rate at which banks borrow money from the Reserve Bank of India (RBI).
Citing sticky core inflation, the Reserve Bank on February 8 raised the benchmark policy rate by 25 basis points to 6.5 per cent. This was the sixth time the interest rate was hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of increase to 250 basis points. Here is a list of top lending banks that are offering the highest interest rates on Fixed Deposits for senior citizens.
These 10 banks are giving good interest
Bandhan bank fd rate
600 Days (1 year, 7 months, 22 days) 8.50%
Yes bank fd rate
- 8.25% for 35 months tenure
- 8.00% on 25 months tenure
Axis bank fd rate
- 8.01% for 2 years to 30 months
IDFC First Bank FD Rate
- 18 Months & 1 Day to 3 Years (549 Days to 3 Years) 8.00%
Indusind bank fd rate
- More than 2 years 1 month to less than 2 years 6 months 8.25%
- 2 years 6 months to less than 2 years 9 months 8.25%
- 2 Years 9 Months to 3 Years 3 Months 8.25%
- For more than 3 years 3 months to less than 61 months 8.00%
Sunrise fd rate
- More than 1 year 6 months to 2 years 8.51%
- 8.01% for more than 2 years 998 days
- 8.76% for 999 days
RBL bank fd rate
- 453 to 459 days (15 months) 8.30%
- 460 to 724 days (15 months 1 day to less than 725 days) 8.30%
- 8.30% for 725 days
DCB bank fd rate
- 18 months to less than 700 days 8.00%
- 700 days 8.00%
- More than 700 days Less than 36 months 8.35%
- 36 months 8.35%
- 36 months to 60 months 8.10%
- 60 months to 120 months 8.10%
Equitas Small Finance Bank FD Rate
8.5% for 888 days
FD rates of Ujjivan Small Finance Bank
8.75% on 80 week FD
