Union Bank of India is offering an interest rate of 3.5 percent to the general public on FDs maturing between seven to 45 days. FDs between 46 days to 90 days are now getting an interest rate of 4.50 percent. It is offering 4.80 percent interest on FDs maturing between 91 days to 180 days. FDs from 181 days to less than 1 year are getting 6.25 percent interest.

FD Rates for Senior Citizens

Senior citizens are getting an extra interest of 0.50% over and above the normal rates. The maximum interest rate given to senior citizens is 7.75 percent for 399 days.

Super Senior Citizen FD Rates

The bank is offering 0.75 percent more interest for super senior citizens. The maximum interest rate on FD of 399 days is 8 percent.

Union Bank FD Rates – Here are the interest rates for general citizens and 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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This is the reason why all banks give 0.50 percent more interest to senior citizens. Significantly, the Reserve Bank of India had increased the repo rate. After this, many banks also increased the interest rate available in FD. Now many banks are offering more than eight percent interest to senior citizens.

FD Rates on DCB Bank

DCB banks are giving up to 8.35% interest to senior citizens on three-year FDs. There is an interest rate of eight percent on FD of 18 months. At the same time, the interest rate is up to 8.35 percent from 18 months to 36 months. From 36 months to 60 months, the interest rate is up to 8.10 percent. FD from 60 months to 120 months is 8.10 percent interest rate. In private sector bank, DCB Bank is giving maximum interest on FD to senior citizens. If you have invested Rs 1 lakh on fixed deposit, then after three years it will increase to Rs 1.28 lakh.

IndusInd and IDFC First Bank

IndusInd Bank is offering up to 8.25% interest on three-year FDs to senior citizens. At the same time, IDFC First Bank is getting an interest rate of up to 8.25 percent. The interest rate on FD from 18 months one day to three years is eight percent. For more than two years and up to two years, the interest rate is 8.25 percent. From two years nine months to three years three months, the interest rate is up to 8.25 percent. In more than three years, the interest rate is up to eight percent. In this case, if you have invested one lakh rupees, then in three years it will increase to 1.27 lakh rupees.

Interest rate up to 7.75 percent in these banks

Axis Bank, Bandhan Bank and Yes Bank are offering up to 7.75% interest on three-year FDs to senior citizens. If you invest Rs 1 lakh today, you will get Rs 1.26 lakh in the coming three years.

HDFC, ICICI and RBL Bank are offering up to 7.5 percent interest rate on three-year FDs to senior citizens. If you make an FD of Rs 1 lakh, you will get Rs 1.25 lakh in three years. Karur Vysya Bank is giving 7.4 percent interest to senior citizens in three-year FDs.

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But there is another category above senior citizens for banks, which is called super senior citizens. Persons above the age of 60 years are called senior citizens and those above the age of 80 years are known as very senior citizens. These four banks offer high interest rates on Fixed Deposit (FD) to their very senior citizens.

Punjab National Bank

According to the Punjab National Bank (PNB) website, the bank offers an additional interest rate of 80 basis points over and above the applicable interest rate across all categories to very senior citizens above the age of 80 years. PNB’s Super Senior customers get a maximum interest rate of 8.10% for a tenure of 666 days.

This rate has come into effect from 12 December 2022. Explain that the bank has increased the interest rates by 50 basis points for senior citizens in the age group of 60 to 80 years for a period of 5 years on domestic deposits of less than Rs 2 crore. Whereas for citizens above 80 years of age, there has been an increase of 80 basis points.

RBL Bank

RBL bank offers a higher interest rate of 0.75% p.a. for all tenures to citizens aged 80 years and above. The bank currently offers 8.3% interest to very senior citizens. These rates were implemented from 25 November 2022 . On the other hand senior citizens in the age group of 60 to 80 years can avail an additional interest rate of 0.50% per annum over normal.

Indian Bank

Indian Bank offers an interest rate of 0.25% above normal to its very senior citizens. Indian Bank offers an interest rate of 7.15 per cent for a tenure of 555 days, which is .25% higher than normal.

Union Bank of India

Union Bank of India offers its very senior citizens an interest rate of 0.75% per annum above normal for all tenures on FDs. Explain that these interest rates have come into effect from 25 November 2022. The bank offers the highest interest rate of 8.05% to its very senior citizens for a tenure of 800 days and 3 years. At the same time, the bank gives an annual interest rate of 6.80% to senior citizens in the age group of 60 to 80 years.

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But there is another category above senior citizens for banks, which is called super senior citizens. Persons above the age of 60 years are called senior citizens and those above the age of 80 years are known as very senior citizens. These four banks offer high interest rates on Fixed Deposit (FD) to their very senior citizens.

Punjab National Bank

According to the Punjab National Bank (PNB) website, the bank offers an additional interest rate of 80 basis points over and above the applicable interest rate across all categories to very senior citizens above the age of 80 years. PNB’s Super Senior customers get a maximum interest rate of 8.10% for a tenure of 666 days.

This rate has come into effect from 12 December 2022. Explain that the bank has increased the interest rates by 50 basis points for senior citizens in the age group of 60 to 80 years for a period of 5 years on domestic deposits of less than Rs 2 crore. Whereas for citizens above 80 years of age, there has been an increase of 80 basis points.

RBL Bank

RBL bank offers a higher interest rate of 0.75% p.a. for all tenures to citizens aged 80 years and above. The bank currently offers 8.3% interest to very senior citizens. These rates were implemented from 25 November 2022 . On the other hand senior citizens in the age group of 60 to 80 years can avail an additional interest rate of 0.50% per annum over normal.

Indian Bank

Indian Bank offers an interest rate of 0.25% above normal to its very senior citizens. Indian Bank offers an interest rate of 7.15 per cent for a tenure of 555 days, which is .25% higher than normal.

Union Bank of India

Union Bank of India offers its very senior citizens an interest rate of 0.75% per annum above normal for all tenures on FDs. Explain that these interest rates have come into effect from 25 November 2022. The bank offers the highest interest rate of 8.05% to its very senior citizens for a tenure of 800 days and 3 years. At the same time, the bank gives an annual interest rate of 6.80% to senior citizens in the age group of 60 to 80 years.

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