Bank FD Rates: These banks are giving more than 8% interest to senior citizens

Pravesh Maurya — Sat, 20 Jan 2024 06:29:20 +0000

Bank FD Rates: Senior citizens look for such investment options where the money remains safe along with high interest. Recently, Federal Bank has announced to give maximum interest of 8.40 percent to senior citizens. Apart from Federal Bank, there are many banks which are offering interest of more than 8 percent to senior citizens.

1. Yes Bank

Private sector bank Yes Bank is offering maximum interest of 8.25 percent on FD to senior citizens.

2. Bandhan Bank

Bandhan Bank is offering interest at the rate of 8.35 percent to customers above 60 years of age.

3. Ujjivan Small Finance Bank

Ujjivan Small Finance Bank is offering maximum interest rate of 8.75 percent on FD to its senior citizen customers.

4. Suryoday Small Finance Bank

Suryoday Small Finance Bank is offering 9.6 percent interest to senior citizen customers.

5. Jana Small Finance Bank

Jana Small Finance Bank is offering 9.00 percent interest on FD to senior citizens.

6. ESAF Small Finance Bank

ESAF Small Finance Bank is offering 9 percent interest rate to its senior citizens.

7. Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is offering 8.6 percent interest on FD scheme to customers above 60 years of age.

8. Unity Small Finance Bank

Unity Small Finance Bank is offering 9.5 percent interest rate to senior citizens on its FD scheme.

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Yes Bank increased interest on FD, giving 8.25% interest to senior citizens

Pravesh Maurya — Wed, 22 Nov 2023 12:28:32 +0000

Yes Bank Revise FD Interest Rates: Private sector bank Yes Bank has increased the interest rates on Fixed Deposit. The bank has increased the interest on FD by 0.25 percent.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Private sector bank Yes Bank - Rightsofemployees.com

Bank FD Rates: These banks are giving more than 8% interest to senior citizens

Yes Bank increased interest on FD, giving 8.25% interest to senior citizens