FD Rate: There are some public and private banks and NBFC companies where you can invest money for attractive returns. In some places, interest rates as high as 9.5% are being offered for senior citizens. If you have funds for FD then you can look at this option for investment. This is the best time if we look at the interest earned on fixed deposits. Most banks offer higher interest to senior citizens than general customers.
The largest public and private banks of the country are offering interest rates ranging from 3% to 7.10% to all customers. Interest rates for senior citizens range from 3.5% to 7.6%. These rates were last revised on 15 February 2023.
Interest rates on ICICI Bank FD
Private sector bank ICICI Bank is offering interest rates ranging from 3% to 7.1% on FDs to all customers. With interest rates applicable from October 16, it is offering 3.50% to 7.65% interest on FDs to senior citizens.
HDFC Bank Rate
Private sector bank HDFC is offering interest ranging from 3 percent to 7.20 percent for general customers. Senior citizens are getting interest between 3.5% to 7.75%. These rates are applicable from 1 October 2023.
Unity Small Finance Bank Fd
Unity Small Finance Bank is offering interest rates ranging from 4.5% to 9% on FDs for general customers. Senior citizens are getting interest ranging from 4.5% to 9.5%. The rate being paid. A maximum interest rate of 9% is being offered for a tenure of 1001 days. These rates are available from 15 February 2023.
Suryoday Small Finance Bank
Suryoday Small Finance Bank offers interest ranging from 4% to 8.6% on FDs maturing in seven days to ten years. Senior citizens are getting interest ranging from 4.5% to 9.1%. FDs of 2 to 3 years offer the highest interest.
DCB Bank Interest Rate
DCB Bank offers 3.75% to 7.9% interest on FDs to general customers and 4.25% to 8.50% interest to senior citizens.
RBL Bank FD Rate
RBL Bank offers interest ranging from 3.50% to 7.80% on fixed deposits to general customers. Senior citizens get interest between 4% to 8.30%.
IDFC First Bank Fd
IDFC First Bank offers interest rates ranging from 3.50% to 7.75% for general customers. At the same time, senior citizens are getting interest ranging from 4 to 8.25 percent. 549 days FD is offering highest interest. The bank is giving 7.75 percent interest.
Punjab and Sindh Bank FD interest rates
The bank offers interest on FDs ranging from 2.8% to 7.40% for general customers.