Senior Citizen FD Interest Rates: More than 8% interest is being received on fixed deposit rates for senior citizens

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Highest interest on FD: Government or private bank? Where is getting the highest interest on FD, check list
Highest interest on FD: Government or private bank? Where is getting the highest interest on FD, check list

Senior Citizen Fixed Deposit: More than 8 percent interest is being received on fixed deposit rates for senior citizens. Senior citizens can get up to 8.3% interest on FD with Unity Small Finance Bank. This interest rate is applicable for deposits of 1 year – 1 day.

Senior Citizen Fixed Deposit: Fixed deposits (FD) are often the preferred investment option for senior citizens. Most banks give 50 basis points (BPS) interest to senior citizens from normal customers. Interest rates on fixed deposits are falling. Four consecutive repo rate hikes by the Reserve Bank of India (RBI) has prompted banks to hike their fixed deposit (FD) rates. Some banks are also offering inflation-beating rates on FDs.

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Bandhan Bank Latest FD Rates for Senior Citizens
Bandhan Bank has launched a special limited period offer of higher interest rates on Fixed Deposits. These rates are applicable to retail deposits up to Rs 2 crore and are effective from November 7, 2022. This will be applicable for fresh deposits as well as for renewal of maturing deposits. With this new offer, the bank is offering one of the highest interest rates on fixed deposits across the banking sector.

Customers will now get a higher interest rate of up to 7.5 per cent on deposits for a period of 600 days. Senior citizens can avail 0.50% or 50 bps more, which will take their returns to 8% for FDs of 600 days duration.

600 days – 8%

Suryoday Small Finance Bank Latest FD Rates

  • Suryoday Small Finance Bank Latest FD Rates for Senior Citizens
  • Suryoday Small Finance Bank (SSFB) offers 8.01 per cent to general public and 8.26 per cent to senior individuals on FDs maturing in 999 days. The bank has recently increased the interest rates on fixed deposits with effect from 2 November.

999 days -8.25%

Unity Small Finance Bank Latest FD Rates for Senior Citizens
Senior citizens can get up to 8.3% interest on FD with Unity Small Finance Bank. This interest rate is applicable on deposits of 1 year – 1 day. Senior individuals will get 8.15% interest on FDs maturing in 2 years to three years and 3 years to 5 years. These rates are effective from 1 November.

  • 1 Year – 1 Day : 8.30%
  • 2 years -3 years: 8.15%
  • >3 years – 5 years: 8.15%

AU Small Finance Bank Latest FD Rates for Senior Citizens

AU Small Finance Bank offers 8% interest to senior citizens on deposits maturing in 2 years to 3 years and 3 years to 45 months. The interest rates applicable on fixed deposits have become effective from 10 October itself.

  • 24 Months 1 Day to 36 Months – 8.00%
  • 36 Months 1 Day to 45 Months – 8.00%
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