Here we are giving details of FD rates of top 10 government banks, so that you can take a better decision.

Central Bank of India

This bank is giving the highest interest rate of up to 7% on FD, which is the highest among public sector banks. This bank is giving a rate of 6.5% or above in all periods from 1 year to 5 years.

Indian Bank

Indian Bank’s 1-year FD rate is the lowest at 6.10%, but its maximum rate is 6.90%. For long-term FDs, this may prove to be an option giving slightly lower returns.

Indian Overseas Bank

This bank is offering 6.60% and maximum 6.75% interest on 1 year FD. Its rate on 5 year term is 6.30%, which is better than many other banks.

Canara Bank

The interest rate on Canara Bank FDs of all tenures is 6.50%. This can be a reliable option for those looking for stable returns.

Punjab National Bank (PNB)

PNB is offering 6.40% and maximum 6.70% interest on 1 year FD. Its rate also goes up to 6.50% for FDs up to 5 years.

Bank of India

Bank of India offers 6.50% and maximum 6.70% interest on 1 year FD. For 5 year FD, the interest rate is 6.00%.

Bank of Baroda

Bank of Baroda’s maximum interest rate is 6.60%, while 5-year FD gives a return of 6.40%. This can be an option with a balanced return.

UCO Bank

UCO Bank is offering 6.25% and maximum 6.70% interest on 1 year. However, it offers only 6.10% interest on 5-year FD.

State Bank of India (SBI)

SBI’s rate on 1 year FD is 6.25% and maximum 6.60%. Its rate for 5 years is 6.05%, which is lower than some other banks.

The post FD Interest Rate: These 10 govt banks are giving higher interest on FD, check the rate before investing first appeared on Rightsofemployees.com.

State Bank of India (SBI) cuts FD rates by up to 75 bps

The country’s largest public sector bank SBI has reduced the interest rates on fixed deposits by up to 75 basis points (bps) on various tenures. The new rates have come into effect from June 15, 2025. Now common citizens will get interest ranging from 3.50% to 6.50% on FDs ranging from 7 days to 10 years. Senior citizens will continue to get 50 bps additional interest on certain tenures. Apart from this, SBI has also reduced the interest rate on savings account from 2.70% to 2.50%.

HDFC Bank new rates

HDFC Bank has reduced interest rates on FDs of less than Rs 3 crore. Now the interest rate on these FDs will be between 3.00% to 7.00%. The highest interest rate of 7.00% is being given on FDs of less than 2 years and less than 3 years. Along with this, the bank has also reduced the interest rate on savings account by 25 bps. Now 3.00% interest will be given on balance less than Rs 50 lakh and 3.50% interest will be given on balance of Rs 50 lakh or more.

ICICI Bank also reduced FD rates

ICICI Bank has changed the interest rates on FDs of less than Rs 3 crore from June 12, 2025. Now the interest rates range from 3.00% to 7.20%. The highest interest of 7.20% is being given on FDs of 13 months to 2 years.

There has been a reduction of 5 to 25 bps on other tenures as well. Especially the short-term deposits are seeing the biggest impact.

Kotak Mahindra Bank implemented new rates

Kotak Mahindra Bank has changed the FD rates from 12 June 2025. Now the interest rates on FDs of less than Rs 3 crore in the bank range from 2.75% to 7.25%. The highest interest rate of 7.25% is being offered on FDs of 390 days. There has been a reduction of 5 to 15 bps on other periods.

impact of reduction in interest rates

The direct impact of the reduction in repo rate by RBI is being seen on the returns on deposits. Usually, banks adjust the rates of FD and savings account as per the change in policy rate. In the coming days, more banks can take steps in this direction. If investors want to get better returns, then investing in long term FD or considering alternative fixed-income instruments can be a good option.

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Senior citizens who have idle money can earn good returns from this FD in a short period. Also, from April 1, 2025, senior citizens can enjoy a higher limit of TDS deduction on FD interest. The following banks are offering good interest rates on one-year FDs:

Interest rate up to 8.25%

Bandhan Bank is offering interest rates up to 8.25% on one year FDs for senior citizens.

Interest rate up to 8%

IndusInd Bank is offering interest rates up to 8% on one year FDs for senior citizens.

Interest rate up to 8%

RBL Bank is offering interest rates up to 8% on one year term FDs for senior citizens.

Interest rate up to 7.75%

Tamilnad Mercantile Bank is offering interest rates up to 7.75% on one year tenure FDs for senior citizens.

You will get the benefit of higher TDS limit

While presenting Budget 2025, the Finance Minister had said that TDS rates will be rationalised, which will provide a big relief to taxpayers. The limit of tax deduction at source (TDS) on interest for senior citizens has been doubled from the current Rs 50,000 to Rs 1 lakh. This means that if your interest amount in a bank FD is less than Rs 1 lakh, then the concerned bank will not deduct any TDS. Also, even if the interest amount is more than Rs 1 lakh, but your total income after all deductions is less than Rs 12 lakh, then you can submit Form 15H. By doing this, the bank will not deduct TDS even if the interest exceeds Rs 1 lakh for the financial year 2025-26 (assessment year 2026-27).

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These banks are offering the highest interest rates

1. North-East Small Finance Bank

It is offering an interest rate of 9.00% on FDs of 1 year to 3 years, making it the most attractive short-term investment.

2. Suryodaya Small Finance Bank

This bank is offering an interest rate of 9.10% on 5-year FD, which makes it a good option for long-term investors.

3. Unity Small Finance Bank

It is giving 9.50% interest on 1001 days FD and 8.65% on 3 years FD. This bank is giving high returns.

4. Jan Small Finance Bank

It is offering 8.75% interest on FDs of 1 year to 3 years, which makes it a profitable opportunity for short and medium term investors.

5. Equitas Small Finance Bank

It is offering 8.60% interest on 1 year FD and 8.50% interest on 3 year FD, which is the best option to get safe and good returns.

6. Ujivan Small Finance Bank

It is offering 8.60% interest on 18-month FDs, which is an attractive option for medium-term investors. Small finance banks such as Northeast (9.00%), Suryoday (9.10%), and Unity Bank (9.50%) are offering higher returns on FDs than larger banks. Senior citizens who want higher interest while keeping their savings safe can invest in FDs of these banks.

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Following this, a private bank has already cut its savings bank interest rate. Not only this, there are expectations that most private and government banks will soon start cutting their interest rates on FDs. Before the banks do so, it is also considered an opportune time to lock your savings in FDs.

However, experts also advise to avoid locking too much money in FDs as interest income on FDs is taxable and those in the highest tax bracket, i.e. 30 per cent, effectively get less than 5 per cent of their interest income on FDs when the interest offered is 7 per cent.

However, if you are planning to invest a part of your portfolio in FDs for one year, these are the banks and their interest rates.

FD Interest Rates on One Year Deposit

HDFC Bank: The largest private bank offers 6.6 per cent and 7.10 per cent interest to general and senior citizens on one-year FD deposits.

ICICI Bank: This private lender offers 6.7 per cent and 7.20 per cent interest to general and senior citizens on one-year FD deposits.

Kotak Mahindra Bank: This private bank offers slightly higher interest rate of 7.10 per cent to general citizens and 7.6 per cent to senior citizens on 1-year FD deposits.

Federal Bank: It offers 7 per cent and 7.5 per cent interest to general citizens and senior citizens on 1-year FD deposits.

Bank of Baroda: This bank gives 6.85 percent interest to general citizens and 7.35 percent interest to senior citizens on 1 year FD.

Union Bank of India: This government bank gives 6.8 percent interest to general citizens and 7.3 percent interest to senior citizens on one-year FD.

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Investors who are looking for good fixed returns can get FD done in these banks. Know how much return you will get on FD of Rs 1 lakh:

Many people still prefer to invest in fixed deposits (FD). Investors who want to stay away from the fluctuations of the stock market and who like low but fixed returns, invest money in FD. Many banks are offering great interest to investors on FD. The interest rate for senior citizens is slightly higher than for general investors. Many small banks are giving investors up to 9 percent return on FD.Northeast Small Finance Bank

Northeast Small Finance Bank

This bank is offering 9 percent interest to investors on investing from 546 days (18 months) to 1111 days (3 years). If you invest one lakh rupees in this bank, then this amount will increase to Rs 119483 in two years. On the other hand, if you invest for 3 years, then after 3 years you will get Rs 130605 on maturity. That is, you will get a profit of Rs 30605.

Unity Small Finance Bank

This bank is also offering interest at the rate of 9 percent per annum to investors. The bank is giving this interest rate on an investment of 1001 days (2 years 9 months). If you make an FD of Rs 1 lakh in this bank for this period, then you will get Rs 130605 on maturity. That is, you will get a return of Rs 30605 on Rs 1 lakh in 1001 days.

Suryoday Small Finance Bank

This bank is offering 8.6 percent annual interest to investors. However, this interest rate will be available only to those investors whose FDs are between 2 to 3 years. If you make an FD of Rs 1 lakh for two years, then after two years you will get Rs 118551. That is, you will have a profit of Rs 18551. On the other hand, if you make an FD for 3 years, then after 3 years you will get Rs 129080. In this time you will have a profit of Rs 29080.

Utkarsh Small Finance Bank

This bank is also giving good interest to the investors. This bank is offering 8.50 percent interest on FDs of 2 to 3 years. If you make an FD of Rs 1 lakh in this bank for two years, then you will get Rs 118320 after two years. That means you will have a profit of Rs 18320. On the other hand, you will get Rs 128702 on maturity of three years. In this time, you will have a profit of Rs 28702.

Equitas Small Finance Bank

This bank is also offering more than 8% interest on FDs to investors. It is offering 8.25% interest rate to investors on special FDs of 888 days. If you make an FD of Rs 1 lakh in this bank, you will get Rs 117742 on maturity. That is, you will get a profit of Rs 17742 on an FD of Rs 1 lakh for 888 days.

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With the repo rate running at the level of 6.5 percent, banks are also offering good interest rates to customers. Meanwhile, some banks are offering great interest on FD for retail depositors (those depositing less than Rs 3 crore).

Like every bank, these banks are also offering 0.25% to 0.50% more interest to senior citizens on FDs. Let us see the list of those banks which are offering up to 9% interest for three years on FDs of less than Rs 3 crore to depositors below 60 years of age.

North East Small Finance Bank is offering 9% interest on three-year FD to general customers.

Suryoday Small Finance Bank is giving 8.6% interest to common people on its fixed deposit (FD). This FD will mature after three years, that is, after three years you will get your money back along with interest.

Utkarsh Small Finance Bank is giving 8.5% interest to the common man on three-year FD. Apart from this, Jan Small Finance Bank is giving 8.25% interest on three-year FD.

Unity Small Finance Bank is offering 8.15% interest on FDs maturing in three years. Apart from this, Equitos Small Finance Bank is offering 8% interest on three-year FDs. Apart from this, banks are giving separate benefits to senior citizens.

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The post Top FD Rate: Excellent interest up to 9% on FD of three years, crores of customers are benefiting from THESE banks first appeared on Rightsofemployees.com.

If you want to get safe returns by investing your savings in the near future, then Fixed Deposit (FD) can be a great option for you. Still Indian customers prefer to invest in fixed deposits. By investing in fixed deposits, customers get guaranteed income after a fixed period. In such a situation, apart from banks, non-banking financial companies (NBFCs) are also offering bumper interest on FD to their customers. Let us know about 3 such non-banking financial companies which are giving more than 9% interest to their customers on FD.

Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering 9.10% interest to its general customers on 5 year FD. Whereas the bank is offering interest up to 9.60% to its senior citizen customers for the same period.

Unity Small Finance Bank
Unity Small Finance Bank is giving 9% interest to its general customers on FD of 1001 days. At the same time, the bank is offering 9.50 percent interest to its senior citizen customers for the same period.

Fincare Small Finance Bank
Fincare Small Finance Bank is giving 8.51% interest to its general customers on FD of 1000 days. Whereas the bank is offering 9.11 percent interest to its senior citizen customers for the same period.

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FD interest rates in big banks
SBI: SBI is offering 7 percent interest on FDs of two years to three years. At the same time, 6.75 percent interest is being given on FD of 3 to 5 years. At the same time, 6.5 percent interest rate is being given by SBI on FD for tenure of more than 5 years.

PNB: The highest interest rate of 7.30 percent is being given by PNB on 400 days FD. Apart from this, the bank is giving interest rate of 7.10 percent on 300 days FD. The interest rate being given is 6.8 percent on one year FD, 6.85 percent on two year FD and 7.05 percent on FD of 2 to 3 years.

HDFC Bank: HDFC Bank, the country’s largest private sector bank, is offering investors an interest rate of 7.25 percent on FDs of 18 to 21 months. The bank is offering 7.15 percent interest on FDs of 2 years, 11 months to 35 months. At the same time, investors are being given 6.60 percent interest on FDs of one year to 15 months, and 7 percent interest on FDs of 2 years to 2 years and 11 months.

ICICI Bank: The bank is offering 6.7 percent interest on FDs of one year to 15 months. At the same time, 7.20 percent interest is being given on FD of 15 months to 2 years. At the same time, interest rate of 7 percent is being offered on FD of two years to 5 years.

Kotak Mahindra Bank: Kotak Mahindra Bank is offering 7.4 percent interest on FDs of 390 days to 391 days. At the same time, 7.3 percent interest is being given on FDs of 23 months to less than 2 years. At the same time, 7.15 percent interest is being given on FD of 2 to 3 years, 7 percent on FD of 3 to 5 years and 2.75 percent to 6.50 percent interest is being given on FD of other tenures.

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The post FD Interest Rate: These banks are giving more than 7 percent interest on FD, see complete list first appeared on Rightsofemployees.com.

If you are planning to invest in Fixed Deposit (FD) in the near future, then this news is useful for you. By making fixed deposits, customers get guaranteed income with bumper returns after a fixed period.

For the last few years, banks have been offering huge interest rates to FD customers. Today we are going to tell you about those 5 banks which are offering the highest interest on 1 year FD to their customers. Let us know about the complete news in detail.

DCB Bank

DCB Bank is offering 7.25% interest to its general customers on 1 year FD. At the same time, the bank is offering 7.75 percent interest to its senior citizen customers for the same period.

Tamilnad Mercantile Bank

Tamilnad Mercantile Bank is giving 7.25% interest to its general customers on 1 year FD. On the other hand, the bank is offering 7.75 percent interest to its senior citizen customers on FD for the same period.

Canara Bank

Canara Bank is giving 7% interest to its general customers on 1 year FD. On the other hand, the bank is offering 7.75 percent interest to its senior citizen customers for the same period.

Karnataka Bank

Karnataka Bank is giving 7% interest to its general customers on 1 year FD. At the same time, the bank is giving 7.40 percent interest to its senior citizen customers for the same period.

Deutsche Bank

Deutsche Bank is giving 7% interest to its general customers on 1 year FD. On the other hand, the bank is also offering only 7% interest to its senior citizen customers on FD for the same period.

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Whenever there is talk of savings, the name of fixed deposit (FD) definitely comes up. Your investment in fixed deposit is safe, and you also get guaranteed returns. If you also want to invest in FD then this is useful news for you. Actually, recently Ujjivan Small Finance Bank has changed the interest rates on Fixed Deposit (FD).

After the revision in interest rates, Ujjivan Small Finance Bank offers interest rates between 3.75 percent to 8.50 percent for general customers. The highest interest rate on a tenure of 15 months is 8.50 percent and the highest interest rate on the same tenure for senior citizens is 9 percent. The new rates are effective from March 7, 2024.

Multiple interest payment options

Deposits above Rs 1 crore and deposits less than Rs 2 crore will only be eligible for the additional interest rate of 0.20 per cent offered by Platina FD. The interest payment options available for Ujjivan SFB are monthly, quarterly and on maturity.

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Let us tell you, at present State Bank of India (SBI) and Bank of Baroda are providing the facility of FD with high interest rate to the customers. So before investing anywhere, you must check the latest interest rates-

Most people consider FD (Fixed Deposit) as the best investment option. Actually, by investing in FD, the money remains safe and at the same time you also get fixed interest on it at fixed time. And the best thing is that no matter what the market condition is, your interest rate (High FD Interest Rate) will never get reduced.

Often people like to invest in FD of government banks but remain confused as to which bank to invest in? If you are also thinking of investing in FD, then today in this news we will tell you about the best fixed deposit facility of State Bank of India and Bank of Baroda. Let us check where you will get more benefit.

SBI Green Term Deposit Scheme

Senior citizens are getting the benefit of higher interest in the Green Deposit Scheme (SBI Green Deposit Scheme). Senior citizens are getting interest at the rate of 7.15 percent on deposits with tenure of 1111 days and 1777 days. At the same time, interest at the rate of 7.40 percent will be available on deposits with a tenure of 2222 days. Common citizens are getting the benefit of interest at the rate of 6.65 percent on FDs of 1111 days and 1777 days. At the same time, interest is being given at the rate of 6.40 percent on retail deposits maturing in a period of 2222 days.

Who can take advantage of the scheme?

Residents, Non-Individuals and NRI Customers are all eligible to invest in this special deposit scheme. You can avail the benefits of this scheme through branch network. Apart from this, this scheme is not yet available on digital channels like YONO, Internet banking, but it is expected that soon this scheme will also be available online.

Bank of Baroda Earth Green Term Deposit

Apart from this, Bank of Baroda is providing Earth Green Term Deposit facility to the customers. The objective of this scheme of the Bank is to mobilize deposits to fund Qualifying Environmental Initiatives and sectors. The bank has brought this facility to customers with amounts ranging from Rs 5000 to less than Rs 2 crore. The interest rates offered to bank customers are 6.75% for one year tenure, 6.75% for 18 months, 7.17% for 777 days, 6.4% for 1111 days, 6.4% for 1717 days and 6.4% for 2201 days.

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If you also want to keep money in FD, then it would be better to turn to small finance banks. For some time now, all banks have increased the interest rates on FD. Despite this, the interest rates in State Bank of India, Punjab National Bank and other big banks are low. Interest rates are much better in small finance banks. Let us know how much return is being received in which bank.

Keeping money in Fixed Deposit (FD) is considered very safe. Now, there is a government guarantee on the amount kept in banks up to Rs 5 lakh. Guarantee means that if the bank collapses, you will definitely get Rs 5 lakh. With this guarantee, FD in banks has been made even more effective.

AU small finance bank: If you deposit money in this bank for a period of 18 months, you will get interest at the rate of 8 percent. Since interest is earned on interest, the annual interest rate will be 8.24%.

Equitas Small Finance Bank: You can get 8.20 percent interest on FD for one year. You get 8 percent interest on deposits for 3 years, and up to 7.25 percent interest on keeping money in FD for 5 years.

Fincare Small Finance Bank: You can get interest up to 8.11 percent on making FD in this bank. This interest will be available on keeping the money for 3 years. 8 percent interest is being given for 5 years.

Jana Small Finance Bank: This bank offers 8.50 percent interest rate on keeping money for 1 year. If money is kept for 3 and 5 years, 7.25 percent interest will be given.

Suryoday Small Finance Bank: If you make FD in this bank for 3 years, you will get interest at the rate of 8.60 percent per annum. The interest will be 8.25 percent for 5 years.

Ujjivan Small Finance Bank: In this bank, 8.25 percent annual interest is offered on FD for 1 year. 7.20 percent interest is given for the period of 3 and 5 years.

Unity Small Finance Bank: If you keep money in Unity Small for 3 and 5 years, you will get 8.15 percent interest. If you keep the money only for one year, you will get interest at the rate of 7.85 percent.

Utkarsh Small Finance Bank: If you want to keep money in this bank for 3 years, you can get 8.50 percent annual interest, whereas for 1 year you will get 8 percent interest.

Let us tell you that this interest rate is till 19 February 2024. Banks can make changes in these at any time. Also note one tip that if you have to keep more than Rs 5 lakh in FD, then keep it in different banks. If any bank collapses under any circumstances, you can get back Rs 5 lakh kept in the bank.

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Fixed Deposits (FD) are considered one of the safest means of investment. Here, many banks have increased the interest rates of their fixed deposits. A bank is offering interest up to 9.50% on fixed deposits. This is Unity Small Finance Bank.

The bank is giving interest up to 9.50% to senior citizens on its 1001 day fixed deposit. The bank is offering 9.25% interest to senior citizens on FDs ranging from 6 months to 201 days. At the same time, the bank is giving 9.25% interest on 501 day FD and 9.45% interest to senior citizens on 701 day fixed deposit.

Senior citizens can get up to 7.85% interest on Axis Bank FD

Axis Bank has revised its fixed deposit interest rates from 5 February 2024. The revised rates are applicable to fixed deposits of less than Rs 2 crore. Common people can get maximum interest on fixed deposits up to 7.20% and senior citizens can get up to 7.85% interest. Axis Bank is offering interest ranging from 4.8% to 7.85% to senior citizens on fixed deposits ranging from 7 days to 10 years.

HDFC Bank also revised interest rates

HDFC Bank has increased the interest rates on bulk fixed deposits above Rs 2 crore and up to Rs 5 crore for domestic, NRO, NRE customers. The new rates are effective from 3 February 2024. The bank is giving interest ranging from 4.75% to 7.40% to the common people.

At the same time, HDFC Bank is now giving interest ranging from 5.25 percent to 7.90 percent to senior citizens. Senior citizens will get 50 basis points more interest than standard rates on fixed deposits.

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Everyone is advised to invest a part of their income. So that future needs can be met. Many investment options are available in the market. But there are some options which also involve market risk.

FD (FD Interest Rate) is considered the safest option among investment options. Because there is no market risk in it. Apart from this, returns are also received at a fixed interest rate within the stipulated time. Senior Citizens (Senior Citizen FD Interest Rate) get more interest on FD than normal people.

These banks are giving the highest interest on FD to senior citizens (Senior Citizen FD Interest Rate)-

Bank of Baroda (Bank of Baroda FD Interest Rate)-

This bank gives interest at the rate of 7.75 percent on three-year FD. This bank gives the highest interest on FD to senior citizens. Senior citizens will get Rs 1.26 lakh in three years on an investment of Rs 1 lakh.

Axis Bank (Axis Bank FD Interest Rate)-

This bank gives interest at the rate of 7.60 percent on FD to senior citizens. An investment of Rs 1 lakh made for three years will increase to Rs 1.25 lakh.

Punjab National Bank (Punjab National Bank FD Interest Rate)-

These banks give returns to senior citizens on three-year FD with an interest rate of 7.50 percent. After three years the return will increase to Rs 1.25 lakh.

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Tax Saving FD Interest: If you also come under the income tax slab, then this news is useful for you. Under the old tax regime, you can reduce taxable income by showing investments in different sections of income tax. Up to Rs 1.5 lakh can be invested under Section 80C. There are two months left for the completion of the financial year. If you do not invest keeping tax planning in mind at this time, you may have to pay more income tax.

There will be tax saving by investing here also

Most of the employers have asked their employees to submit investment proof. In such a situation, you can also save tax through PPF, NPS, Sukanya Samriddhi Yojana (SSY), ELSS, PF or insurance premium by keeping in mind the investment options. To avoid any kind of risk, investors can also invest in tax saving FD. The interest rate available on this is lower than other FDs. Let us know about banks and their interest rates-

Interest rate up to 7 percent in these banks

Axis Bank, HDFC Bank and ICICI Bank are offering interest rates up to 7 percent on tax saving FDs. These banks offer the best interest rates among private banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.12 lakh in five years. Canara Bank is offering interest up to 6.7% on tax saving FD. This bank is giving the best interest among public sector banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.09 lakh in five years.

There will be tax saving by investing here also

Most of the employers have asked their employees to submit investment proof. In such a situation, you can also save tax through PPF, NPS, Sukanya Samriddhi Yojana (SSY), ELSS, PF or insurance premium by keeping in mind the investment options. To avoid any kind of risk, investors can also invest in tax saving FD. The interest rate available on this is lower than other FDs. Let us know about banks and their interest rates-

Interest rate up to 7 percent in these banks

Axis Bank, HDFC Bank and ICICI Bank are offering interest rates up to 7 percent on tax saving FDs. These banks offer the best interest rates among private banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.12 lakh in five years. Canara Bank is offering interest up to 6.7% on tax saving FD. This bank is giving the best interest among public sector banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.09 lakh in five years.

SBI is giving 6.5 percent interest

The largest public sector banks SBI and Bank of Baroda are offering interest up to 6.5 percent on tax saving FDs. Banks offering interest at this rate also include Punjab National Bank and Union Bank of India. By investing Rs 1.5 lakh here, you will get an amount of Rs 2.07 lakh on maturity in five years. Indian Bank is offering 6.25 percent interest on tax saving FD. Here an investment of Rs 1.5 lakh will increase to Rs 2.05 lakh in five years.

Bank of India is giving interest at the rate of 6 percent on tax saving FD. If you invest Rs 1.5 lakh here, this money will increase to Rs 2.02 lakh in five years. Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of RBI, gives investment guarantee on FDs up to Rs 5 lakh.

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According to the information given on the website of ICICI Bank, the interest on FD of Rs 2 crore to Rs 5 crore for a period of 7 to 14 days is 4.75 percent. The interest on FD of 30 days to 45 days is 5.5 percent and the interest on FD of 46 days to 60 days is 5.75 percent. Apart from this, interest on FD of 61 days to 90 days has been fixed at 6 percent, interest on FD of 91 days to 120 days has been fixed at 6.5 percent.

6.5 percent interest is being given on FDs of 121 days to 150 days, 6.75 percent interest is being given on FDs of 271 days to 289 days. The bank is offering 7.25 percent interest on FDs of one year to 389 days.

HDFC Bank also changed FD interest rate

HDFC Bank has also changed the interest rates on FDs of Rs 5 crore or more. The bank is now offering interest ranging from 4.75 percent to 7.00 percent on FDs of more than Rs 5 crore.

Let us tell you, recently the Federal Bank has changed the interest rates of some selected tenure FDs of less than Rs 2 crore. Now the bank is offering 7.50 percent interest rate to common citizens on FD of 500 days and 7.05 percent interest rate on FD of 21 months to less than 3 years. At the same time, banks are giving additional interest of 0.50 percent to senior citizens on FDs of both the tenures.

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Changes are made in the interest rate by the banks from time to time. Interest rates are increased by the banks from time to time. With the change in the repo rate by the RBI, the interest rates are changed by the banks. According to the information received from the Axis Bank website, the bank has changed the interest rates on deposits of at least Rs.

Changes are made in the interest rate by the banks from time to time. Interest rates are increased by the banks from time to time. With the change in the repo rate by the RBI, the interest rates are changed by the banks. According to the information received from the Axis Bank website, the bank has changed the interest rates on deposits of at least Rs.

Getting this much interest rate

The bank is offering the benefit of 3.5 per cent interest rate on its tenure ranging from 7 days to 45 days. Is giving the benefit of 4% interest rate on tenure ranging from 46 days to 60 days. Customers are getting the benefit of 4.5 per cent interest rate on tenure ranging from 61 to 3 months. At the same time, it is giving the benefit of 4.75 percent interest rate to the customers from 3 months to 6 months.

From 6 months to 9 months, 5.75% and from 9 months to less than 1 year is giving the benefit of 6% interest rate to the customers. The benefit of 7.20 percent interest rate is available on the tenure of 16 months to less than 17 months.

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Axis Bank has increased the interest rates on fixed deposit schemes of some tenures, giving its investors a chance to earn more profits. The bank has announced a 10 bps hike in FD interest rate for deposits below Rs 2 crore. According to the bank’s website, the new rates are effective from July 17, 2023. Explain that Axis Bank offers interest rates between 3.5% to 7.20% for a period ranging from 7 days to 10 years.

Latest Interest Rates on Axis Bank FD

According to Axis Bank, 3.50% interest rate is being given on FDs maturing in 7 to 45 days. Whereas, for FDs maturing in 46 to 60 days, the interest rate is 4.00%. Axis Bank is offering 4.50% interest rate on FDs with maturity of 61 days to three months. Similarly, 4.75% interest rate is being given on deposits of 3 months to six months. At the same time, an interest rate of 5.75% is being given on FDs maturing in 6 to 9 months. FDs maturing in less than 9 months to one year will pay 6.00% interest.

The bank has offered 6.75% interest rate for FDs maturing in one year or one year and four days and 6.80% for FDs maturing in less than one year 5 days to 13 months. The bank gives 7.10 percent interest on FDs of 13 months and less than two years. However, the bank has now increased the interest rate by 10 bps to 7.20% on tenures of less than 16 months to 17 months, which is the highest interest rate offered by the bank. At the same time, Axis Bank is offering 7.05% for a period of less than 2 years to 30 months.

Interest Rates for Axis Bank Senior Citizens

According to Axis Bank, senior citizens are being offered interest rates ranging from 3.50% to 7.95% for tenures ranging from 7 days to 10 years. It has been announced to give the highest interest rate of 7.95% for a period of less than 16 months to 17 months.

Penalty on FD Premature Withdrawal

According to Axis Bank’s website, you can easily withdraw money from FD before maturity with a penalty of 1.0%.

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However, HDFC Bank has already issued guidelines regarding this. HFC Bank has said in the statement that this merger is not going to have any major adverse impact on the customers and investors.

Will the loan be transferred to HDFC Bank after the merger?

The merger of HDFC Ltd and HDFC Bank (HDFC Ltd and HDFC Bank Merger) is effective on 1 July 2023. After the merger, the loan account of the customers will be transferred to HDFC Bank. However, the login credentials of the customers will not change. Apart from this, the benefits of the bank’s services will continue to be available as before.

Will the EMI for the loan change due to the merger and what will change?

According to HDFC Bank, there will be no impact on your EMI after the merger. The interest rate will remain unchanged. According to HDFC Bank, the interest rate applicable on your account will now be linked to EBLR (External Benchmark Lending Rate) instead of Retail Prime Lending Rate (RPLR). There will be no change in the rate of interest on the date of merger and any future changes will be based on EBLR.

Will the merger affect FD investment and interest rates?

According to HDFC Bank, there is not going to be any difference in FD investment after the merger. The tenure, interest rate etc. of Fixed Deposit will remain valid till maturity as before. At the same time, no change has been made in the terms and conditions. At the same time, HDFC has extended the deadline for 3 months till November 7, 2023, giving more opportunity to senior citizens to invest in the special FD scheme.

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On deposits with maturities ranging from 7 days to 10 years, the bank offers an interest rate ranging from 4.50% to 9%. General public can get interest rate up to 9% on deposits of 1001 days duration. On the other hand, this interest rate is up to 9.50% for people falling in the category of senior citizens.

What are the new interest rates of the bank

Unity Small Finance Bank (Unity SFB) is offering 4.50% interest rate on FDs maturing in 7 to 14 days and 4.75% interest rate on deposits maturing in next 15 to 45 days. Unity SFB offers an interest rate of 5.25% for deposits with a tenure of 46 to 60 days and 5.50% for deposits with a tenure of 61 to 90 days.

Deposits maturing between 91 and 6 months will now fetch 5.75% interest, while deposits maturing between 6 months and 201 days will fetch 8.75% interest. As per Unity Small Finance Bank (SFB), the bank offers 6.75% interest rate on deposits maturing in 202-364 days and 7.35% interest rate on deposits maturing in 1 year to 500 days.

More than 8 percent interest will be available on FD of this period

Unity Small Finance Bank (Unity SFB) is offering an interest rate of 8.75% per annum for a tenure of 501 days. At the same time, interest will be given at the rate of 7.35% per annum on deposits of 502 days to 18 months. FDs maturing in 18 months to 1000 days get interest at the rate of 7.40%, while 9% on FDs of 1001 days. Interest is earned from The bank offers 7.65% interest rate on deposits maturing in 1002 days to 3 years, 8.25% for 3 years to 5 years and 7.00% interest rate on FDs maturing in 5 years to 10 years.

What is the interest rate for senior citizens

This bank offers 0.50% higher interest rate to senior citizens. The interest rate ranges from 4.5% to 9.50% for tenures between 7 days to 10 years.

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The bank is offering 9.11% interest to senior citizens investing on FD (Senior Citizen Fixed Deposit Interest Rates), while general investors are offered 8.51% interest rate. Let us tell you that in small care banks, the amount up to Rs 5 lakh is insured.

According to the website of Fincare Small Finance Bank, the bank operates FD schemes to invest in tenures ranging from 7 days to 10 years. The bank has increased the interest rates on FDs with effect from 25 May 2023.

The bank has said that common investors can get an interest rate of 8.51 percent on FDs maturing in 1000 days. For the same period, senior citizens will be given an interest rate of up to 9.11 percent. According to the bank, the minimum deposit amount to avail these interest rates is less than Rs 5,000 and the maximum is less than Rs 2 crore.

Fincare Small Finance Bank FD Interest Rates

• The bank will pay an interest rate of 3 percent for FDs maturing between 7 to 45 days.
• The bank will give 4.50 percent interest rate on FDs maturing between 46 and 90 days.
• The bank will pay 5.50 percent interest rate on FDs maturing between 91 and 180 days.
• The bank is offering an interest rate of 6.25 per cent for FDs with tenures of 181 and 365 days.
• Will pay 7.50 percent interest on FDs maturing between 12 months and 499 days.
• The bank is offering an interest rate of 8.11 per cent for FDs with a tenure of 500 days.
• The bank offers an interest rate of 7.50 per cent on FDs maturing between 501 days and 18 months.
• 7.80 percent interest rate is being given on FDs maturing in 18 months and one day and 24 months. The bank is offering 7.90 percent interest rate for FDs maturing in 24 months and one day to 749 days.
• Paying an interest rate of 8.31% for FDs maturing in 750 days.
• An interest rate of 8.25 percent is being given for FDs maturing between 36 months and 42 months.
• 7.50 percent interest is being given on FDs maturing in 42 months and one day to 59 months.
• The bank is offering 8 percent interest rate on FDs maturing in 59 months 1 day to 66 months.
• An interest rate of 7 percent has been offered on FDs maturing in 66 months 1 day to 84 months.

Senior Citizen FD Rates

Senior citizens from Fincare Small Finance Bank can avail interest rates ranging from 3.60 per cent to 9.11 per cent for tenures ranging from 7 days to 84 months.

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The bank said in a statement that the new interest rates have become effective from May 5. The bank is offering more than 9 percent interest on FD. Senior citizens will get an additional interest of 50 basis points.

Additional interest to senior citizens

Suryoday Small Finance Bank is offering an interest of more than 9 percent on fixed deposits maturing in 999 days and five years. After the change in interest rates, the bank is offering interest between 4.00 per cent to 9.10 per cent on FD to the general public. The bank is offering interest ranging from 4.50 per cent to 9.60 per cent to senior citizens on FDs of less than Rs 2 crore for a tenure of seven years to 10 years.

Rates were increased in March as well

Suryoday Small Finance Bank had earlier changed its FD interest rates in March 2023. The bank had then increased interest rates by 75 to 125 basis points for FDs ranging from five to 10 years. Apart from this, the bank had also increased the interest on savings account by 200 basis points. SSFB is offering interest at the rate of up to 7.00 per cent to its savings account customers in the slab of Rs 5 lakh to Rs 2 crore.

These banks are also offering strong interest

Apart from SSFB, Unity Small Finance Bank is offering an interest rate of 9.50 per cent on FDs maturing in 1,001 days for its senior citizen customers. At the same time, for others, the bank is offering interest at the rate of 9 per cent on FDs of the same duration. Utkarsh Small Finance Bank is also offering 9 percent interest rate on FDs maturing in 700 days for its senior citizens. At the same time, for others, the interest rate on deposits of the same duration has been fixed at 8.25 percent.

In the last financial year, the Reserve Bank had increased the repo rate continuously. Due to this, banks also increased the interest rates of their FDs. In the current financial year, the central bank has not yet increased the repo rate.

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Fixed Deposit Interest Rates: In such a situation, there are many small finance banks in the country where customers are getting up to 9.50 percent interest rate on fixed deposit schemes. The customers of these banks also get an insurance cover of Rs 5 lakh through DICGC on deposits.

Unity Small Finance Bank is offering its customers an interest rate of 4.50% to 9% on FDs ranging from 7 days to 10 years. On the other hand, senior citizens are getting interest rates ranging from 4.50 per cent to 9.50 per cent.

Suryoday Small Finance Bank is offering interest rates ranging from 4.00 percent to 8.51 percent on FDs ranging from 7 days to 10 years to general customers. At the same time, the bank is offering interest ranging from 4.5 percent to 8.76 percent to senior citizens in this tenure.

Utkarsh Small Finance Bank is offering 4 per cent to 8.25 per cent interest rate for fixed deposits ranging from 7 days to 10 years to general customers. At the same time, interest rates ranging from 4 percent to 9 percent are being offered to senior citizens.

Jan Small Finance Bank is offering 3.75 per cent to 8.15 per cent interest rate to customers on FDs ranging from 7 days to 10 years, while Senior Citizen Bank is offering customers interest rates ranging from 3.75 per cent to 8.75 per cent.

Fincare Small Finance Bank is offering interest rates ranging from 3% to 8.11% to its general citizens. At the same time, the bank is offering interest rates ranging from 3 percent to 8.11 percent to senior citizens.

Ujjivan Small Finance Bank is offering 3.75 percent to 8.25 percent interest rate on FDs ranging from 7 days to 10 years to general citizens and senior citizens.

ESAF Small Finance Bank is offering interest rates ranging from 4% to 8.50% to its general customers. At the same time, senior citizens are being offered interest rates ranging from 4.50 percent to 9 percent on FDs ranging from 7 days to 10 years.

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These days investing in Fixed Deposit (FD) is the best option. Firstly, the investment made in FD is safer than the rest of the options, while now banks are also giving tremendous returns on it. Now take this 444-day FD of a government bank, it is getting more than 7.5 percent interest.

We are talking about IDBI Bank, which has changed the FD interest rates for less than Rs 2 crore. The new interest rates have also come into effect from 12 April 2023. The bank has changed the FD interest rates from 7 days to 10 years.

7.65 percent interest on 444 days FD

IDBI Bank is giving the highest interest on FD of 444 days. Where ordinary citizens are getting 7.15 percent interest on 444-day FD. Whereas for senior citizens it is 7.65 percent. Whereas, except for the 444-day scheme, the interest rate on FDs of 1 year to 2 years is 6.75 percent for general people and 7.25 percent for senior citizens.

Bank’s FD Interest Rates

Rest of the FD interest rates of IDBI Bank are as follows.

1. 07 to 14 days: 3% for general customers, 3.5% for senior citizens
2. 15 to 30 days: 3% for general customers, 3.5% for senior citizens
3. 31 to 45 days: 3.35% for general customers, 3.85% for senior citizens
4. 40 to 60 days: 4.25% for general customers, 4.75% for senior citizens
5. 61 to 90 days: 4.25 per cent for general customers, 4.75 per cent for senior citizens
6. 91 days to 6 months: 4.75% for general customers, 5.25% for senior citizens
7. 6 months 1 day to 270 days: 5.5% for general customers, 6% for senior citizens
8. 271 days to 1 year: 5.5% for general customers, 6% for senior citizens
9. 1 year: 6.75 per cent for general customers, 7.25 per cent for senior citizens
10. More than 1 year Less than 2 years: 6.75 per cent for general customers, 7.25 per cent for senior citizens
11. 444 days: 7.15% for general customers, 7.65% for senior citizens

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The company has announced an interest rate of 9.15 percent while offering higher interest rates to investors. Interest rates on Special Unnati Jubilee FD will be effective from 5 April 2023.

Investors are being given the opportunity to invest for a period of 50 months on Shriram Finance’s new special Unnati Jubilee Fixed Deposit Scheme. In this scheme, the highest interest rate of up to 9.15 percent per annum is being given to women senior citizens. The finance company has said that the 48-month investment scheme is closing on April 15, 2023. Whereas, till March 9, 2023, no change has been made in other schemes.

Benefits of Shriram Finance FD Schemes

• Women investors will get an additional interest rate of 0.10 percent per annum.
• Senior citizens will get 0.50 percent additional interest annually.
• Senior citizen women will get 0.60 percent additional interest annually.
• All FD tenures are available for investment both offline and online.

Higher interest rate to senior citizens and women
Shriram Finance explained by giving an example that suppose someone offers a maximum annual interest rate of 8.5% on a deposit of 60 months. On this, senior citizens will get an additional .50 percent more interest, while elderly women will get a maximum interest rate of 0.10 percent to 0.25 percent.

How to apply for Shriram Finance Fixed Deposit

1. Register using mobile number
2. Invest by entering PAN details
3. Enter FD tenure, KYC and bank details and complete your payment.
4. Get FD receipts and maximize your returns.

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Small finance banks are paying more interest than big banks. Big lenders like State Bank of India, HDFC, ICICI, Punjab National Bank are giving comparatively less interest on FD. Let us tell that in which bank it will be in your interest to have FD at present.

FD is a risk-free investment in banks. Small finance banks pay more interest on fixed deposits than big banks. Due to the absence of risk of money sinking and getting good returns, many people put money in fixed deposits. Today we are telling you about those 6 banks, which are currently giving the highest interest on FD.

Unity Small Finance Bank is giving the highest interest on FD. The bank is offering 9.00 per cent interest to general customers and 9.50 per cent to senior citizens on FDs maturing in 1001 days.

Jana Small Finance Bank is paying interest at the rate of 8.10 percent to the general public on FDs of 1001 days. The bank is offering 8.80 percent interest to senior citizens.

If you make FD for 1001 days in Suryoday Small Finance Bank, then you will get interest at the rate of 8.51 percent per annum. If you are a senior then the bank will give you interest at the rate of 8.76 percent.

Ujjivan Small Finance Bank (Ujjivan Small Finance Bank) is offering interest at the rate of 8.00 percent per annum to the general customer on FD of 1001 days. The bank is currently offering 8.75 percent interest to senior citizens.

The name of Utkarsh Small Finance Bank is also included in the list of banks that pay more interest on FDs. The bank is giving 8.00 per cent interest to general public and 8.75 per cent interest to senior citizens on FDs maturing in 1001 days.

North East Small Finance Bank is offering 8.00% interest to general customers and 8.75% to senior citizens on FDs maturing in 1001 days.

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Jammu and Kashmir Bank has increased FD interest rates after the Reserve Bank of India (RBI) increased the repo rate to 6.5 percent. The increased interest rates of the bank have come into effect from 11 February.

FD interest rates of Jammu and Kashmir Bank

3.50 percent interest will continue to be available on FDs of 7 days to 30 days in J&K Bank. Whereas for a period of 31 days to 45 days, this interest rate will be 3.70 percent.

Jammu and Kashmir Bank has increased the FD interest rate by 0.25 percent for a period of 46 days to 180 days. Now it has become 4.75 percent instead of 4.50 percent. And for a period of 181 days to 270 days, the FD interest rate will be 5.50 percent.

Will get more interest on FD of 2 years

6 percent interest will be available on FD in J&K Bank for a period of 271 to 364 days. Earlier it was 5.75 percent. At the same time, the bank FD interest rate will be 7.25 percent for a period of one year to 2 years. Earlier it was 6.75 percent.

For FDs of two years to three years, customers in the bank will get 6.75 percent interest. While the bank will pay 6.50 percent interest on FDs with a period of 3 to 10 years.

J&K Bank working since 1938

Jammu & Kashmir Bank was started in 1938. Its head office is in Srinagar. Then Maharaja Hari Singh of Jammu and Kashmir started this bank with a paid-up capital of only Rs 5 lakh. It is one of the oldest commercial and private sector banks in the country.

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After increasing the repo rate by 50 basis points by the Reserve Bank, now the new repo rate has become 5.90 percent. Due to this, banks have increased the rates of interest on their FDs.

3.25% interest will be available on 30 days FD

Axis Bank is now offering FDs maturing in 15 months with a maximum interest rate of 6.15 percent for general public and 6.90 percent for senior citizens. According to the new FD rates, Axis Bank is now offering an interest rate of 2.75 percent on FDs maturing in 7 days to 29 days and 3.25 percent on FDs maturing in 30 days.

These will be the new rates of interest on FD

Axis Bank’s FD maturing in 3 to 6 months will now get interest at the rate of 3.75 percent. At the same time, interest will be given at the rate of 4.65 percent on FDs maturing in 6 to 9 months. Similarly, for a period of 9 months to 1 year, 4.75 percent, 1 year to 1 year will provide interest at the rate of 5.45 percent on FDs of 11 days and 5.60 percent on FDs maturing in 15 months.

Axis Bank is now offering a maximum interest rate of 6.15 percent on FDs for a period of 15 months to 2 years, while the bank is now offering an interest rate of 5.70 percent on FDs maturing in the next 2 to 5 years. Axis Bank is currently offering an interest rate of 5.75 per cent for tenures between five and ten years.

Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs.2 crore

Given below are the latest interest rates offered by top banks for tenures ranging from 7 days to 10 years as of January 2023.

FD Rates Offered by Other Popular Banks in India for below Rs.2 crore

The fixed deposit interest rates offered by other banks in India are given below for deposits below Rs.2 crore, as of January 2023. These are for tenures ranging from 7 days to 10 years.

Highest Small Finance Bank FD Interest Rates for Below Rs.2 crore

Small Finance Banks also provide high interest rates on FDs. Here are the highest interest rates for deposits below Rs.2 crore for tenures ranging from 7 days to 10 years effective from January 2023.

FD rates for senior citizens

Axis Bank is paying interest between 4.90 percent to 6.50 percent on FDs maturing in 6 months to 10 years for senior citizens. Along with this, the benefit of additional interest rate is also being given to senior citizens. Axis Bank will offer a maximum interest rate of 6.90% to senior citizens on FDs maturing between 15 months and 2 years.

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Fluctuations on Senior Citizens FD Interest Rate

Fixed Deposit (FD) is considered to be the safest investment option. Amidst high inflation and volatility in the stock market, many people are opting for Fixed Deposit (FD). You can invest in low-risk financial instruments from banks, non-banking financial institutions and post offices.

Senior citizens FD Interest Rate

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one such government company which is offering very attractive interest rates on Fixed Deposits (FDs).

The company has decided to offer 8.5 percent interest rate to senior citizens customers. The company has currently offered two options as per the requirement of the investors. One is Non Cumulative Fixed Deposit and the other is Cumulative Fixed Deposit.

Non Cumulative Fixed Deposit

Investors can get monthly, quarterly and annual interest under this fixed deposit. When the fixed deposit matures, they can withdraw their investment. This fixed deposit can be done for tenures of 2, 3, 4 and 5 years. The interest rates on it for non-senior citizens range between 7.25 per cent to 8 per cent depending on the tenure.

At the same time, senior citizens get interest at the rate of 8.5 percent. By the way, let us tell you that only on FDs maturing in 60 months, they will get an interest rate of 8.5 percent. FDs maturing in 48 months will get 8.25 percent interest.

Cumulative fixed deposit

Cumulative fixed deposit is another product of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. In this, the interest rate will be compounded quarterly, which will be paid to the investors on maturity.

The tenure of this fixed deposit is also 1, 2, 3, 4 and 5 years. The interest rate has been fixed between 7.25 percent to 8.5 percent according to the time period. People of 58 years and above can avail 8.5 per cent interest rate on fixed deposits of 60 months.

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Fluctuations on Senior Citizens FD Interest Rate

Fixed Deposit (FD) is considered to be the safest investment option. Amidst high inflation and volatility in the stock market, many people are opting for Fixed Deposit (FD). You can invest in low-risk financial instruments from banks, non-banking financial institutions and post offices.

Senior citizens FD Interest Rate

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one such government company which is offering very attractive interest rates on Fixed Deposits (FDs).

The company has decided to offer 8.5 percent interest rate to senior citizens customers. The company has currently offered two options as per the requirement of the investors. One is Non Cumulative Fixed Deposit and the other is Cumulative Fixed Deposit.

Non Cumulative Fixed Deposit

Investors can get monthly, quarterly and annual interest under this fixed deposit. When the fixed deposit matures, they can withdraw their investment. This fixed deposit can be done for tenures of 2, 3, 4 and 5 years. The interest rates on it for non-senior citizens range between 7.25 per cent to 8 per cent depending on the tenure.

At the same time, senior citizens get interest at the rate of 8.5 percent. By the way, let us tell you that only on FDs maturing in 60 months, they will get an interest rate of 8.5 percent. FDs maturing in 48 months will get 8.25 percent interest.

Cumulative fixed deposit

Cumulative fixed deposit is another product of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. In this, the interest rate will be compounded quarterly, which will be paid to the investors on maturity.

The tenure of this fixed deposit is also 1, 2, 3, 4 and 5 years. The interest rate has been fixed between 7.25 percent to 8.5 percent according to the time period. People of 58 years and above can avail 8.5 per cent interest rate on fixed deposits of 60 months.

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Fluctuations on Senior Citizens FD Interest Rate

Fixed Deposit (FD) is considered to be the safest investment option. Amidst high inflation and volatility in the stock market, many people are opting for Fixed Deposit (FD). You can invest in low-risk financial instruments from banks, non-banking financial institutions and post offices.

Senior citizens FD Interest Rate

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one such government company which is offering very attractive interest rates on Fixed Deposits (FDs).

The company has decided to offer 8.5 percent interest rate to senior citizens customers. The company has currently offered two options as per the requirement of the investors. One is Non Cumulative Fixed Deposit and the other is Cumulative Fixed Deposit.

Non Cumulative Fixed Deposit

Investors can get monthly, quarterly and annual interest under this fixed deposit. When the fixed deposit matures, they can withdraw their investment. This fixed deposit can be done for tenures of 2, 3, 4 and 5 years. The interest rates on it for non-senior citizens range between 7.25 per cent to 8 per cent depending on the tenure.

At the same time, senior citizens get interest at the rate of 8.5 percent. By the way, let us tell you that only on FDs maturing in 60 months, they will get an interest rate of 8.5 percent. FDs maturing in 48 months will get 8.25 percent interest.

Cumulative fixed deposit

Cumulative fixed deposit is another product of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. In this, the interest rate will be compounded quarterly, which will be paid to the investors on maturity.

The tenure of this fixed deposit is also 1, 2, 3, 4 and 5 years. The interest rate has been fixed between 7.25 percent to 8.5 percent according to the time period. People of 58 years and above can avail 8.5 per cent interest rate on fixed deposits of 60 months.

The post FD Higher Interest Rate: Good News! Senior Citizens got lottery, 8.5% interest is getting on FD first appeared on Rightsofemployees.com.

Fluctuations on Senior Citizens FD Interest Rate

Fixed Deposit (FD) is considered to be the safest investment option. Amidst high inflation and volatility in the stock market, many people are opting for Fixed Deposit (FD). You can invest in low-risk financial instruments from banks, non-banking financial institutions and post offices.

Senior citizens FD Interest Rate

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one such government company which is offering very attractive interest rates on Fixed Deposits (FDs).

The company has decided to offer 8.5 percent interest rate to senior citizens customers. The company has currently offered two options as per the requirement of the investors. One is Non Cumulative Fixed Deposit and the other is Cumulative Fixed Deposit.

Non Cumulative Fixed Deposit

Investors can get monthly, quarterly and annual interest under this fixed deposit. When the fixed deposit matures, they can withdraw their investment. This fixed deposit can be done for tenures of 2, 3, 4 and 5 years. The interest rates on it for non-senior citizens range between 7.25 per cent to 8 per cent depending on the tenure.

At the same time, senior citizens get interest at the rate of 8.5 percent. By the way, let us tell you that only on FDs maturing in 60 months, they will get an interest rate of 8.5 percent. FDs maturing in 48 months will get 8.25 percent interest.

Cumulative fixed deposit

Cumulative fixed deposit is another product of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. In this, the interest rate will be compounded quarterly, which will be paid to the investors on maturity.

The tenure of this fixed deposit is also 1, 2, 3, 4 and 5 years. The interest rate has been fixed between 7.25 percent to 8.5 percent according to the time period. People of 58 years and above can avail 8.5 per cent interest rate on fixed deposits of 60 months.

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This scheme is valid till 31st December 2022. At the same time, the bank has increased the interest rates of FDs of less than Rs 2 crore by 47 basis points. According to the bank’s website, the new rates are effective from 8 November 2022.

FD Special Scheme

At least Rs 10,000 can be deposited in UCO Bank’s Special Fixed Deposit scheme. Thereafter, investments can be made in multiples of Rs.1,000. A maximum amount of Rs 2 crore can be deposited in this scheme.

UCO 444 Fixed Deposit Scheme

In UCO Bank’s UCO 444 Deposit Scheme, common citizens will get 6.15% interest while senior citizens will get 6.65% return. This scheme is of 444 days. In this scheme, there is facility to take overdraft and loan against deposits. Staff, ex-staff will get 1% more interest while ex-staff senior citizens will get 1.50% extra interest.

UCO 666 FD Scheme

In the UCO 666 FD scheme, 6.25% interest is being offered to common citizens and 6.75% to senior citizens. Minimum Rs 10,000 and maximum less than Rs 2 crore can be deposited in this scheme.

New interest rates

According to the website of UCO Bank, the bank has increased the interest rate on FDs maturing in 7 days to 29 days by 35 bps from 2.55% to 2.90%. On the other hand, on fixed deposits maturing in 30-45 days, UCO Bank increased the interest rate by 20 bps from 2.80% to 3.00%. The bank is now offering an interest rate of 3.50% on FDs maturing in 46-90 days. UCO Bank increased the interest rate on FDs maturing in 91-180 days by 5 bps from 3.70% to 3.75%.

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Fixed Deposit Interest Rate (FD Interest Rate)

South Indian Bank is offering FD of maturity period from 7 days to 10 years. The bank is now offering interest ranging from 2.65% to 6.00% for general public and 3.15% to 6.50% for senior citizens.

South Indian Bank is giving 2.65% interest to the common citizen on FDs of 7 days to 30 days, while 3.25% interest is being given on Fixed Deposits of 31 days to 90 days. The bank will pay 4.25% interest on FDs of 91 days to 99 days, 5.50% on FDs of 100 days, 4.25% on FDs of 101 days to 180 days, 4.60% on FDs of 181 days and less than 350 days.

The bank is offering 350 days fixed deposit at 7% interest to the common citizens. FDs of 351 days and less than 1 year 4.60%, Fixed deposits of less than 1 year and 30 months 6.40%, Bank is giving 7% interest on FDs maturing in 30 months.

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Fluctuations on Senior Citizens FD Interest Rate

Fixed Deposit (FD) is considered to be the safest investment option. Amidst high inflation and volatility in the stock market, many people are opting for Fixed Deposit (FD). You can invest in low-risk financial instruments from banks, non-banking financial institutions and post offices.

Senior citizens FD Interest Rate

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one such government company which is offering very attractive interest rates on Fixed Deposits (FDs).

The company has decided to offer 8.5 percent interest rate to senior citizens customers. The company has currently offered two options as per the requirement of the investors. One is Non Cumulative Fixed Deposit and the other is Cumulative Fixed Deposit.

Non Cumulative Fixed Deposit

Investors can get monthly, quarterly and annual interest under this fixed deposit. When the fixed deposit matures, they can withdraw their investment. This fixed deposit can be done for tenures of 2, 3, 4 and 5 years. The interest rates on it for non-senior citizens range between 7.25 per cent to 8 per cent depending on the tenure.

At the same time, senior citizens get interest at the rate of 8.5 percent. By the way, let us tell you that only on FDs maturing in 60 months, they will get an interest rate of 8.5 percent. FDs maturing in 48 months will get 8.25 percent interest.

Cumulative fixed deposit

Cumulative fixed deposit is another product of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. In this, the interest rate will be compounded quarterly, which will be paid to the investors on maturity.

The tenure of this fixed deposit is also 1, 2, 3, 4 and 5 years. The interest rate has been fixed between 7.25 percent to 8.5 percent according to the time period. People of 58 years and above can avail 8.5 per cent interest rate on fixed deposits of 60 months.

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FD Interest Rate: If you are planning to invest in FD, then Bandhan Bank has started a special new scheme for you. By investing in which you can get good returns. Under the Bandhan Bank New Scheme , the investor is giving an interest of up to 8 percent on FD of 600 days.

Along with this, 7.5% interest is being given to the general investor on the investment of up to Rs 2 crore in this scheme launched for a limited time, while the senior citizens are being given interest at the rate of 8%. This new offer will be applicable on renewal of old FD with new deposit from November 7, 2022.

If you also want to take advantage of Bandhan Bank’s schemes, then for this, different interest rates have been fixed by the bank for different tenures. Along with this, the bank has fixed interest rates for general and senior citizens according to different tenures. You can get good returns by investing in this scheme.

These interest rates being given in different periods

• 3% interest is being given to general people and 3.75% to senior citizens on FDs of 7 to 14 days.
• 3% interest is being given to general people and 3.75% to senior citizens on FDs of 15 to 30 days.
• On FDs from 31 days to two months, 3.50% interest is being given to general people and 4.25% to senior citizens.
• On FDs of 2 to 3 months, 4.50% interest is being given to general people and 5.25% to senior citizens.
• On FDs of 3 to 6 months, 4.50% interest is being given to general people and 5.25% to senior citizens.
• On FDs from 6 months to 1 year, 4.50% interest is being given to general people and 5.25% to senior citizens.
• 7% interest is being given to general people and 7.50% to senior citizens on FDs from 1 year to 599 days.
• 7.50% interest is being given to general people and 8% to senior citizens on FD of 600 days.
• 7% interest is being given to general people and 7.50% to senior citizens on FDs from 601 days to 2 years.
• 7% interest is being given to general people and 7.50% to senior citizens on FDs of 2 to 3 years.
• 7% interest is being given to general people and 7.50% to senior citizens on FDs of 3 to 5 years.
• 5.60% interest is being given to general people and 6.35% to senior citizens on FDs of 5 to 10 years.

Can invest online

Existing customers of Bandhan Bank can avail the benefits of FD booking or investment while working from their home or office through internet banking or mBandhan mobile app. With this online process, customers can book FD instantly without any hassle and can get good returns in the coming time.

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These new rates have come into effect from 29 October 2022. The bank has implemented these new rates on deposits of less than Rs 2 crore. The bank has increased its FD rates on deposits between Rs 2 crore to Rs 5 crore from 31 October i.e. today.

Rates hiked after RBI hikes repo rate

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Fluctuations on Senior Citizens FD Interest Rate

Fixed Deposit (FD) is considered to be the safest investment option. Amidst high inflation and volatility in the stock market, many people are opting for Fixed Deposit (FD). You can invest in low-risk financial instruments from banks, non-banking financial institutions and post offices.

Senior citizens FD Interest Rate

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one such government company which is offering very attractive interest rates on Fixed Deposits (FDs).

The company has decided to offer 8.5 percent interest rate to senior citizens customers. The company has currently offered two options as per the requirement of the investors. One is Non Cumulative Fixed Deposit and the other is Cumulative Fixed Deposit.

Non Cumulative Fixed Deposit

Investors can get monthly, quarterly and annual interest under this fixed deposit. When the fixed deposit matures, they can withdraw their investment. This fixed deposit can be done for tenures of 2, 3, 4 and 5 years. The interest rates on it for non-senior citizens range between 7.25 per cent to 8 per cent depending on the tenure.

At the same time, senior citizens get interest at the rate of 8.5 percent. By the way, let us tell you that only on FDs maturing in 60 months, they will get an interest rate of 8.5 percent. FDs maturing in 48 months will get 8.25 percent interest.

Cumulative fixed deposit

Cumulative fixed deposit is another product of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. In this, the interest rate will be compounded quarterly, which will be paid to the investors on maturity.

The tenure of this fixed deposit is also 1, 2, 3, 4 and 5 years. The interest rate has been fixed between 7.25 percent to 8.5 percent according to the time period. People of 58 years and above can avail 8.5 per cent interest rate on fixed deposits of 60 months.

The post FD Interest Rate: Good News! Senior Citizens got lottery, 8.5% interest is getting on FD first appeared on Rightsofemployees.com.

Fluctuations on Senior Citizens FD Interest Rate

Fixed Deposit (FD) is considered to be the safest investment option. Amidst high inflation and volatility in the stock market, many people are opting for Fixed Deposit (FD). You can invest in low-risk financial instruments from banks, non-banking financial institutions and post offices.

Senior citizens FD Interest Rate

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one such government company which is offering very attractive interest rates on Fixed Deposits (FDs).

The company has decided to offer 8.5 percent interest rate to senior citizens customers. The company has currently offered two options as per the requirement of the investors. One is Non Cumulative Fixed Deposit and the other is Cumulative Fixed Deposit.

Non Cumulative Fixed Deposit

Investors can get monthly, quarterly and annual interest under this fixed deposit. When the fixed deposit matures, they can withdraw their investment. This fixed deposit can be done for tenures of 2, 3, 4 and 5 years. The interest rates on it for non-senior citizens range between 7.25 per cent to 8 per cent depending on the tenure.

At the same time, senior citizens get interest at the rate of 8.5 percent. By the way, let us tell you that only on FDs maturing in 60 months, they will get an interest rate of 8.5 percent. FDs maturing in 48 months will get 8.25 percent interest.

Cumulative fixed deposit

Cumulative fixed deposit is another product of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. In this, the interest rate will be compounded quarterly, which will be paid to the investors on maturity.

The tenure of this fixed deposit is also 1, 2, 3, 4 and 5 years. The interest rate has been fixed between 7.25 percent to 8.5 percent according to the time period. People of 58 years and above can avail 8.5 per cent interest rate on fixed deposits of 60 months.

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There is news of work for 44 crore account holders of State Bank of India. State Bank of India is now offering higher interest rate on FD (SBI FD Rates) to its account holders. The bank has implemented its new rates from 13 August 2022. Let us tell you that SBI has decided to increase the interest rate on its FDs below Rs 2 crore. The bank has increased by 15 basis points on FDs of different tenors.

Generally, State Bank FD Rates Hiked is offering its customers an interest rate ranging from 2.90% to 5.65% on FDs ranging from 7 days to 10 years. On the other hand, senior citizens are being offered interest rates ranging from 3.40% to 6.45%. If you are also thinking of doing FD (FD Rates Hiked) in the bank, then we tell you how much interest rate is being available on FDs of different duration-

State Bank FD interest rate – (Deposit scheme of less than 2 crores)

• FD of 7 to 45 days – 2.90%
• FD of 46 to 179 days – 3.90%
• 180 days to 210 days FD – 4.55%
• 211 days to less than 1 year -4.60%
• 1 to 2 years – 5.45%
• 2 to 3 years – 5.60%
• 3 to 5 years -5.60%
• 5 to 10 years – 5.65%

Interest rate for senior citizens – (less than 2 crores)

• FD of 7 to 45 days – 3.40%
• FD of 46 to 179 days – 4.40%
• 180 days to 210 days FD-5.05%
• 211 days to less than 1 year-5.10%
• 1 to 2 years – 5.95%
• 2 to 3 years – 6.00%
• 3 to 5 years -6.10%
• 5 to 10 years – 6.45%

Repo rate increased to control inflation  
After the increase in the repo rate of RBI, many banks have increased their FD and savings bank account interest rates in the past. After the increase of 0.50 percent in the RBI Repo Rate, the repo rate is currently 5.40%. Earlier in the month of May and June also, the central bank has increased the repo rate. Since then, many banks have continuously increased their FD rates. To control inflation in the country, RBI has decided to increase the repo rate. Recently, banks like Axis Bank, IndusInd Bank etc. have increased their FD rates.

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The bank has increased the rates by up to 30 bps for amounts up to Rs 2 crore and the new rates have come into effect from September 13, 2022. PNB has increased the FD interest rate for senior citizens from 6.15 percent to 6.45 percent. This has happened for a tenure of 5-10 years.

“The revised interest rates are applicable on fresh deposits and renewal of existing deposits with effect from 13.09.2022,” the bank said on its website.

The bank further said, “Senior citizens of 60 years and up to 80 years will get an additional interest rate of 50 bps on applicable card rates for tenors of up to 5 years and for domestic deposits of less than Rs 2 crore for tenures exceeding 5 years. Additional interest of 80 bps will be available for Rs.

In case of staff members as well as retired staff members who are also senior citizens, the maximum interest rate at the applicable card rate will be 150 bps for tenures up to 5 years and 180 bps for tenures above 5 years.

PNB said that super senior citizens (above 80 years of age) will get an additional interest rate of 80 bps over the applicable card rate across all maturities.

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Fluctuations on Senior Citizens FD Interest Rate

Fixed Deposit (FD) is considered to be the safest investment option. Amidst high inflation and volatility in the stock market, many people are opting for Fixed Deposit (FD). You can invest in low-risk financial instruments from banks, non-banking financial institutions and post offices.

Senior citizens FD Interest Rate

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one such government company which is offering very attractive interest rates on Fixed Deposits (FDs).

The company has decided to offer 8.5 percent interest rate to senior citizens customers. The company has currently offered two options as per the requirement of the investors. One is Non Cumulative Fixed Deposit and the other is Cumulative Fixed Deposit.

Non Cumulative Fixed Deposit

Investors can get monthly, quarterly and annual interest under this fixed deposit. When the fixed deposit matures, they can withdraw their investment. This fixed deposit can be done for tenures of 2, 3, 4 and 5 years. The interest rates on it for non-senior citizens range between 7.25 per cent to 8 per cent depending on the tenure.

At the same time, senior citizens get interest at the rate of 8.5 percent. By the way, let us tell you that only on FDs maturing in 60 months, they will get an interest rate of 8.5 percent. FDs maturing in 48 months will get 8.25 percent interest.

Cumulative fixed deposit

Cumulative fixed deposit is another product of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. In this, the interest rate will be compounded quarterly, which will be paid to the investors on maturity.

The tenure of this fixed deposit is also 1, 2, 3, 4 and 5 years. The interest rate has been fixed between 7.25 percent to 8.5 percent according to the time period. People of 58 years and above can avail 8.5 per cent interest rate on fixed deposits of 60 months.

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