Special FD for Senior Citizens: Many non-banking financial companies (NBFCs) have increased the interest rates of FDs after the RBI increased the repo rate. Many companies have increased interest rates for regular customers as well as senior citizens. Today we will tell you about some such non-banking financial companies which are currently giving the highest interest ranging from 8% to 8.75 percent on FD.
Shriram Transport Finance is offering 8.75 percent interest
On August 10 of this month, Shriram Transport Finance has increased its fixed deposit (FD) interest rates. Now Shriram Transport Finance is giving the highest interest of 8.25% to the general citizens while 8.75% to the senior citizens. The company is offering this interest on FDs made with maturity of 5 years. In addition, the company is paying 0.50 percent more interest to senior citizens than normal customers.
Utkarsh Small Finance Bank is offering up to 8.25% interest on FD
Utkarsh Small Finance Bank has also increased the interest rates on its fixed deposits with effect from August 12.The bank has increased the interest rates for tenors ranging from 700 days to 5 years on maturity up to 2 crores. The bank will now pay an interest of 7.50% to general citizens and 75 basis points more i.e. 8.25% to senior citizens. The bank also said that senior citizens will get an additional 75 basis points, or 0.75 per cent, of interest from a regular customer on any tenure.
Jana Small Finance Bank is offering 8.15% interest to senior citizens
Jana Small Finance Bank has subsequently increased the interest rates on fixed deposits (FD).The bank will now pay an interest of 7.35% for general citizens and 8.15% for senior citizens on FDs made for tenures ranging from 3 days to 5 years. Jana Small Finance Bank has also increased the interest rates on FDs for senior citizens by 80 basis points. The new increased rates of the bank are applicable from June 15.