FD News – Great news for senior citizens. Actually this bank is giving the highest interest rate to senior citizens on FD of 700 days… In such a situation, immediately check the complete details related to the bank.
Fixed Deposit ie FD remains the most preferred option of investment. From May 2022 last year, when the Reserve Bank of India increased the repo rate several times one after the other to control inflation, many banks increased the interest rates of their fixed deposits to give relief to their customers. Due to which the customers getting FD are getting tremendous returns. The name of DCB Bank is also included in the banks which have increased the interest rate on FDs, where bumper returns are being given on FDs of 700 days.
8.5 percent interest offer-
Due to the increase in interest rates on FD, customers are getting good benefits and they are getting a chance to earn more. DCB Bank is offering the highest interest rate on FDs maturing in two years. In this, the bank is offering an interest rate of 8 percent on fixed deposits between 700 days and 24 months. On the other hand, for senior citizens, the bank is paying interest at the rate of 8.5 percent on the deposit amount on the investment of this period. Along with this, tell that DCB Bank has increased the interest rates on its fixed deposits of more than 2 crores in the past.
The bank has given this information on its website. This fixed deposit includes regular, NRE and NRO savings bank accounts. The bank is giving up to 8% return on deposits to its customers. The bank has implemented its new interest rates from 8 May 2023.
These banks have also increased the interest rate-
Not only DCB Bank, but many other banks have also increased the interest rates on their fixed deposits. These include Bank Of Baroda, HDFC, IDFC, IndusInd Bank, Yes Bank. They are also giving an opportunity to earn big money to their customers investing in FDs.
In these, along with DCB Bank, the name of Yes Bank also comes in terms of giving excellent returns. In this bank, 7.75 percent interest is being given on deposits maturing between 18 months to 36 months. The bank is offering an interest rate of 8.25 per cent on deposits during this period to senior citizens.
In IDFC-IndusInd list-
IDFC First Bank is also ahead in the banks that give tremendous interest on FD. In this, 7.75 percent interest is being received for FDs maturing in two years. At the same time, for senior citizens, the bank is offering 8.25 percent interest on fixed deposits maturing between 18 months to three years.
Apart from this, if we talk about IndusInd Bank, then 7.75 percent interest rate has been fixed on two-year FD, in addition, 8.25 percent interest is being received on fixed deposits maturing in this period for senior citizens.