Highest FD Rate - Rightsofemployees.com

Highest FD rate: Senior citizens are being offered bumper interest of up to 8.25 percent on 1 year FD

Jyoti — Mon, 12 May 2025 05:01:27 +0000

The Reserve Bank of India (RBI) has cut the repo rate twice this year. After February, RBI also reduced the repo rate in April. With this decision of RBI, on one hand the banks made the interest rates of loans cheaper, on the other hand the banks also reduced the interest on FD. However, many banks are still giving tremendous interest on FD to their customers. Today we will tell you about those banks here which are offering bumper interest of up to 8.25 percent to senior citizens on 1 year FD.

These banks are giving the highest interest to senior citizens on 1 year FD

Private sector Bandhan Bank is offering 8.25 per cent interest on 1-year term FDs to senior citizens above 60 years of age.
Hinduja Group’s IndusInd Bank is offering 8.00 per cent interest to senior citizens on 1 year term FDs.
Private sector RBL Bank is also offering 8.00 percent interest to senior citizens on 1 year term FD.
Apart from these, Tamilnadu Mercantile Bank is offering 7.75 per cent interest to senior citizens on 1-year term FDs.

How much interest are SBI, PNB, HDFC banks paying

Let us tell you that these banks are giving the highest interest to senior citizens on 1 year FD. Talking about State Bank of India, the country’s largest government bank is giving only 7.20 percent interest to senior citizens on 1 year FD. Apart from this, Punjab National Bank is also giving 7.20 percent interest to senior citizens on 1 year FD. Whereas, Bank of Baroda is offering 7.30 percent interest, ICICI Bank 7.20 percent, HDFC Bank 7.10 percent interest to senior citizens on 1 year FD.

Disclaimer: This article is written for informational purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. Rights Of Employees will not be responsible for any kind of risk.

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Highest FD Rate: These 5 banks are giving the highest interest on FD to senior citizens, check details

Jyoti — Mon, 09 Sep 2024 09:04:46 +0000

Highest FD Interest Rates for Senior Citizens: The business of all the small finance banks working in India is continuously growing. Small finance banks are giving more interest on FDs to their customers as compared to commercial banks.

This is the reason why now people are increasingly opening FD accounts in these small finance banks along with banks. Here we will talk about those small finance banks which are giving the highest interest on fixed deposits to senior citizens. Let us tell you that senior citizens are given 0.5 percent more interest on FDs than normal customers. But there is also a small finance bank which is giving 0.6 percent more interest to senior citizens than normal customers.

Jana Small Finance Bank

Jana Small Finance Bank is offering the highest interest rate of 8.75% to senior citizens on FD schemes with tenures of 365 days, 730 days and 1095 days.

Equitas Small Finance Bank

Equitas Small Finance Bank is offering the highest interest rate of 9.00% to senior citizens on FD scheme with tenure of 444 days.

Also Read: What are the benefits of buying a house in wife’s name ?

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is giving 0.6 percent more interest to senior citizens on FD scheme than general customers. This bank is giving the highest interest of 9.10% to senior citizens on FD schemes with tenure of 730 days to 1095 days and 1500 days.

Suryoday Small Finance Bank

Suryoday Small Finance Bank is offering the highest interest rate of 9.10% to senior citizens on fixed deposit schemes with tenures ranging from 2 years and 1 day to 3 years.

Unity Small Finance Bank

Unity Small Finance Bank is offering the highest interest rate of 9.50% to senior citizens on FD scheme with tenure of 1001 days.

Special FD Schemes: These 3 banks are offering highest FD rate for senior citizens

Pravesh Maurya — Fri, 14 Jul 2023 08:28:50 +0000

Special FD Interest Rate: Big banks like ICICI Bank, HDFC Bank and SBI offer higher interest rates on FDs to senior citizens and general customers. These banks are also offering special FD schemes to senior citizens.

These banks have also extended the deadline for investing in special FDs. Here’s a comparison of the special FD rates of SBI, HDFC Bank and ICICI Bank. Know here which bank is offering more interest to customers on Senior Citizen Special FD.

Interest rates on SBI WeCare FD (SBI WeCare FD interest rate)

The bank gives 0.50 more interest to senior citizens than the general customer on any FD. SBI WeCare is getting 7.50% interest. Investments under the scheme are made for a minimum of 5 years and a maximum of 10 years. These rates will be available on new and renewable FDs. The last date to invest in this scheme is 30 September 2023. Apart from this, SBI has Amrit Kalash scheme, which is being run keeping in mind the senior citizens. SBI offers interest ranging from 3.50 per cent to 7.60 per cent on its FDs.

FD for senior citizens of HDFC Bank (HDFC Bank senior Citizen Care FD interest rate)

HDFC Bank gives extra interest of 0.25% to super senior citizens on special FDs apart from 0.50% to senior citizens. Super senior citizens get an additional interest of 0.75 per cent. Super senior citizens get 7.75% interest on FDs of 5 years to 10 years. The last date to invest in Senior Citizen Care FD is 7 November 2023. HDFC Bank is offering interest ranging between 3.50% to 7.75% to senior citizens.

ICICI Bank Golden Years FD

ICICI Bank offers an interest of 0.10% to senior citizens in addition to an additional interest of 0.50% on the Golden Years FD scheme. There is no deadline for investment in this scheme. This scheme is running from 20 May 2020. Investments can be made in this for a minimum period of 5 years from 1 day to 10 years. The interest rate on this is 7.50%.

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Senior Citizen Highest FD Rate: This bank is giving up to 9.60% interest on 5 year FD for senior citizens, check details

Pravesh Maurya — Fri, 05 May 2023 11:16:25 +0000

Senior Citizen Highest FD Rate: Suryoday Small Finance Bank is giving 9.10% interest to general customers on 5-year Fixed Deposit (FD). At the same time, the bank is giving 9.60% interest to senior citizens on FDs of the same period.

With interest rates rising, fixed deposits have become a good investment option. Many banks are paying more than 9% interest on Fixed Deposit (FD). One such bank is Suryoday Small Finance Bank. Suryoday Small Finance Bank has revised the interest rates on its Fixed Deposits. The bank has increased the interest rate of fixed deposits (FD) from 1 to 5 years by 49 to 160 basis points (0.49% to 1.60%). The new interest rates of Suryoday Small Finance Bank are effective from 5 May 2023.

9.6% interest is being received on FD for this period

Suryoday Small Finance Bank is giving 9.10% interest to general customers on 5-year Fixed Deposit (FD). At the same time, the bank is giving 9.60% interest to senior citizens on FDs of the same duration. Suryoday Small Finance Bank is offering 4% to 9.10% interest to its general customers on Fixed Deposits ranging from 7 days to 10 years.

At the same time, the bank is giving 4.50% to 9.60% interest on FDs of this duration to senior citizens. Suryoday Small Finance Bank is paying 7.25% interest to general customers on fixed deposits above 5 years and up to 10 years. At the same time, 7.75% interest is being given to senior citizens on FDs of this period.

Bank is giving up to 7% interest on savings account

Suryoday Small Finance Bank is offering up to 7% interest on savings account customers with a balance above Rs 5 lakh and up to Rs 2 crore. Suryoday Small Finance Bank is protected by Deposit Insurance and Credit Guarantee Corporation (DICGC). That is, your investment up to Rs 5 lakh is covered under insurance.

Suryoday Small Finance Bank is paying 3.75% interest on deposits up to Rs 1 lakh in savings account. At the same time, interest of 6.75% is being received on deposits above Rs 1 lakh and up to Rs 5 lakh. The bank is paying 7% interest on savings account deposits above Rs 50 lakh and up to Rs 2 crore.

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Senior Citizen Highest FD Rate: Women and senior citizens are getting the highest interest rate of 9.36% on FD, see the complete list

Pravesh Maurya — Wed, 25 Jan 2023 10:29:04 +0000

Shriram Finance has recently revised its fixed deposit rates. After the update, up to 9.36 percent interest has been offered to women and senior citizen account holders. Shriram Finance is one of the largest retail NBFC i.e.

Non Banking Financial Company in India. Let us inform that from January 1, 2023, Shriram Finance has increased the interest rates by 5-30 basis points i.e. basis points. The revised rates will be applicable for tenures ranging from 12 months to 60 months. This NBFC is also paying an additional 0.25 percent interest on all renewals. Let us know what are the new rates-

sequence	period	Rate of interest
1.	12 months	7.3 percent
2.	18 months	7.5 percent
3.	24 months	7.75 percent
4.	30 months	8 percent
5.	36 months	8.15 percent
6.	42 months	8.20 percent
7.	48 months	8.25 percent
8.	60 months	8.45 percent

Revised interest rates for senior citizens from January 1-

1	12 months	7.83 percent
2.	18 months	8.04 percent
3.	24 months	8.28 percent
4.	30 months	8.54 percent
5.	36 months	8.69 percent
6.	42 months	8.74 percent
7.	48 months	8.79 percent
8.	60 months	8.99 percent

Revised interest rates for women + senior citizens + renewals from January 1-

1.	12 months	8.21 percent
2.	18 months	8.41 percent
3.	24 months	8.66 percent
4.	30 months	8.92 percent
5.	36 months	9.07 percent
6.	42 months	9.12 percent
7.	48 months	9.17 percent
8.	60 months	9.36 percent

For senior citizens of above age Shriram Finance gives additional interest of 0.5% per annum. NFBC company Shriram Finance also gives an additional 0.10 percent interest to women depositors, while giving an additional 0.25 percent interest on all renewals.

Is it safe to invest in Shriram Finance FD?

Shriram Finance is an NBFC ie Non Banking Finance Company and a part of the Shriram Group. It is one of the largest NFBC in India. However, FDs offered by NBFCs are subject to instructions issued by RBI. These deposits do not get the benefit of deposit insurance guarantee of Rs 5 lakh offered by regular banks as per RBI regulations, so depositors should exercise caution before investing in FD schemes offered by NBFCs.

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