According to the bank’s website, the new rates have come into effect from November 21, 2023. The bank is offering FD ranging from 7 days to 120 months. The bank is offering interest ranging from 3.25 percent to 7.75 percent to common citizens. At the same time, the bank is offering interest ranging from 3.75 percent to 8.25 percent to senior citizens.

New rates on Yes Bank FD – These rates are on FD less than Rs 2 crore.

7 days to 14 days: 3.25 percent (General Public)/ 3.75 percent (Senior Citizens)

15 days to 45 days: 3.70 percent (General Public)/ 4.20 percent (Senior Citizens)

46 days to 90 days: 4.10 percent (General Public)/ 4.60 percent (Senior Citizens)

91 days to 120 days: 4.75 percent (General Public)/ 5.25 percent (Senior Citizens)

121 days to 180 days: 5% (General Public)/ 5.50% (Senior Citizens)

181 days to 271 days: 6.10 percent (General Public)/ 6.60 percent (Senior Citizens)

272 days to less than 1 year: 6.35 percent (General Public)/ 6.85 percent (Senior Citizens)

One year: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens)

1 year to 18 months: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens)

18 months to less than 24 months: 7.75 percent (General Public)/ 8.25 percent (Senior Citizens)

24 months 1 day to less than 36 months: 7.25 percent (General Public) / 7.75 percent (Senior Citizens)

36 months to 60 months: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens).

60 months: 7.25 percent (General Public)/ 8 percent (Senior Citizens)

60 months 1 day to 120 months: 7% (General Public)/ 7.50% (Senior Citizens)

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The repo rate was increased by the Reserve Bank of India (RBI), after which public and private sector banks are also giving the benefit of increased FDs to their customers. One such small finance bank is Jana Small Finance Bank, which is offering higher interest rates on FDs to its customers. Actually, the bank is introducing a special limited fixed deposit scheme on the occasion of its fifth anniversary. This scheme is valid only from March 1 to March 31. That is, after March 31, you will not get the benefit of much interest.

Senior citizens are getting more interest

According to the bank’s website, senior citizens are getting the benefit of 8.85 per cent interest rate on this special anniversary FD. However, regular customers are getting the benefit of up to 8.15 per cent interest. Under this scheme, the tenure of FD will be 500 days.

How much interest is the bank paying on FD

Regular customers are getting 3.75% interest on FDs maturing in 7 days to 14 days in this small finance bank. Apart from this, senior citizens are getting 4.45 per cent interest for the same period. Apart from this, senior citizens are getting 4.95 per cent interest on FDs with maturity of 15 to 60 days and up to 5.95 per cent interest on FDs with maturity of 61 to 90 days.

These banks are also giving tremendous interest

Unity Small Finance Bank is offering up to 9.50% interest on fixed deposits to its senior citizen customers. Customers are getting this interest on FDs of 1001 days. Apart from this, Utkarsh Small Finance Bank is offering up to 9% interest on fixed deposits to its senior citizen customers. Customers are getting this interest on 700 days FD.

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The new interest rate is applicable from December 14 only. According to the information available on the bank’s website, the minimum interest rate on FDs below Rs 2 crore has been reduced to 3 per cent and the maximum interest rate to 7 per cent. The minimum interest rate for senior citizens is 3.50 percent and the maximum interest rate is 7.75 percent.

According to the information available on the bank’s website, the new interest rate on term deposits of less than 2 crores has been 3 per cent for 7-14 days, 3 per cent for 15-29 days, 3.50 per cent for 30-45 days. . The interest rate on FDs ranging from 46 days to six months has gone up to 4.50 per cent. The interest rate on FDs ranging from six months, one day to 9 months has gone up to 5.75 per cent.

Maximum interest of 7 percent

The interest rate on FDs of 9 months 1 day to less than one year has gone up to 6 per cent. The interest rate on term deposits ranging from 1 year to less than 15 months has gone up to 6.50 per cent. The interest rate on FDs ranging from 15 months to 10 years will be 7 percent.

Senior citizens will get interest up to 7.75 percent

Senior citizens will get at least 3.50 percent interest. The interest rate on FDs ranging from 5 years 1 day to 10 years is 7.75 percent. This is 75 basis points more than the average citizen. An additional benefit of 25 basis points has been given in this. HDFC Bank implemented a scheme on 18 May 2020 which will run till 31 March 2023.

Under this scheme, senior citizens will get an additional benefit of 25 basis points in interest on fixed deposits of less than 5 crores for a period ranging from 5 years 1 day to 10 years. This will be over and above the senior citizen premium of 50 basis points.

SBI has also increased interest on fixed deposits.

On December 13, SBI had decided to increase the interest rate on FDs. State Bank of India is now offering interest of at least 3% and maximum of 6.75% on Fixed Deposits of less than 2 crores. Senior citizens will get the benefit of 50 basis points separately in the interest rate. There will be an additional benefit of 50 basis points in interest under the SBI Wecare scheme. The bank is offering interest of at least 3 percent and maximum of 7.75 percent to senior citizens.

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