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Home FINANCE FD Rates: This bank will give strong interest on FD to senior...

FD Rates: This bank will give strong interest on FD to senior citizens, check Details

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New Delhi : Every year on 21st August, International Senior Citizen Day is celebrated.
Before that RBL Bank has launched a new FD.

This FD is of 15 months with a deposit of less than Rs 2 crore. Under this, senior citizens will get interest up to 7.50 percent. On the other hand, super senior citizens will get an interest of up to 7.75 percent. However, the interest rates of super senior citizens or senior citizens are not applicable to non-resident fixed deposits.

Take advantage of these services

If senior or super senior citizens want to invest in this FD, they can do so through RBL Bank website, RBL mobile bank app, online banking, contact center or even through doorstep banking service.

Bank offering FD up to 240 months

Currently, FD is offering from 7 to 14 days to 240 months. In this, the common citizen is getting interest ranging from 3.25 percent to a maximum of seven percent. However, an additional 0.50 percent interest is also paid to senior citizens and an additional 0.75 percent to very senior citizens.

NRE / NRO will not get this facility

The bank has written in the information given on its website that an additional 0.50 percent interest will be given to senior citizens (people between 60 years to less than 80 years) and an additional 0.75 percent interest will also be given to very senior citizens. RBL The bank has written that this rate will not be applicable to Non Resident Fixed Deposit (NRE/NRO) accounts.

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