8.75% interest for senior citizens

Ujjivan Small Finance Bank is offering 8.25% interest on FDs for a period of 18 months to general customers. Senior citizens get 8.75% interest for the same period. Earlier, the highest interest rate of 8.25% was offered on a period of 12 months.

Interest Rates on FD

Ujjivan Small Finance Bank offers FD interest rates of 3.75% for 7 to 29 days tenure, 4.25% for 30 to 89 days tenure and 4.75% for 90 to 180 days tenure. The bank is offering an interest rate of 7% for deposits of 6 months to less than 12 months and 8.10% for deposits of 12 months to less than 18 months. The highest interest rate of 8.25% is offered on 18-month tenure.

The interest rate on FDs with tenure of 18 months 1 day to 990 days is 7.75%. FDs with tenure of 991 days to 60 months get an interest rate of 7.20%. For long term deposits with tenure of 60 months 1 day to 120 months, the bank is offering an interest rate of 6.50%.

Interest Rates on Savings Account

You also get interest on the balance in your savings account. If your account balance is up to Rs 1 lakh, you will get 3.25% interest per annum. If your balance is more than Rs 1 lakh but less than Rs 5 lakh, the interest rate increases to 5% per annum. You will get 7.25% interest per annum on a balance of more than Rs 5 lakh and up to Rs 25 lakh. If your balance is more than Rs 25 lakh, you can get 7.50% interest per annum.

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The post Bank Saving Account: Get up to 7.50% interest on the balance in the savings account, check bank details first appeared on Rightsofemployees.com.

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.

In May 2024, many banks including Utkarsh Small Finance Bank, City Union Bank, RBL Bank and Capital Small Finance Bank revised their FD interest rates. Here is the list of revised FD rates in May.

Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has revised its FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 1, 2024. After the amendment, the bank is providing interest rates between 4 percent to 8.50 percent for general citizens, while for senior citizens the bank is providing interest rates between 4.60 percent to 9.10 percent. The highest interest rate of 8.50 percent is being offered to general citizens and 9.10 percent to senior citizens for a tenure of 2 years to 3 years.

City Union Bank
City Union Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 6, 2024. The bank is offering interest rates between 5 percent to 7.25 percent for general citizens and between 5 percent to 7.75 percent for senior citizens. The highest interest rate of 7.25 percent is being offered to general citizens and 7.75 percent to senior citizens on a tenure of 400 days.

RBL Bank
RBL Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 1, 2024. RBL Bank offers the highest interest rate of 8 percent on FDs maturing between 18 to 24 months. On the same FD tenure, senior citizens will earn an additional interest rate of 0.50 percent i.e. 8.50 percent and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75 percent i.e. 8.75 percent.

Capital Small Finance Bank
Capital Small Finance Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 6, 2024. The bank is providing interest rates between 3.5 percent to 7.55 percent to common citizens. The bank is providing interest rates between 4 percent to 8.05 percent for senior citizens. The highest interest rate is being given on a period of 400 days.

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The post Bank FD Rates Change : 9.10 percent interest on FD, 4 banks changed interest rates in May, check new rate first appeared on Rightsofemployees.com.

Highest Fixed Deposit Interest Rates: We all like to invest in different places to keep our tomorrow financially secure. Everyone wants to invest a huge amount somewhere as per their convenience and get a good return later. For employed people, investing in schemes like Sukanya Samriddhi Yojana, PPF (Public Provident Fund), EPF (Employees Provident Fund) is considered a good option. However, some people also prefer to make fixed deposits.

Want to take advantage of the interest rate on the amount by fixing your amount in the bank for some time. If you also want to keep your money in fixed deposit, then for this you can know about those banks which offer higher interest rates than Sukanya Samriddhi or General Provident Fund. Let us know about two such banks which offer higher interest rates on FD.

Suryoday Small Finance Bank: FD Rates
Suryoday Small Finance Bank offers interest rates up to 9.60 percent on fixed deposits. The bank offers interest rates ranging from 4 percent to 9.1 percent to general customers on FDs of 7 days to 10 years. Up to 9.1 percent interest is given on FD of 5 years duration. Whereas, regular customers can get up to 9.10 percent interest on 5 year FD. At the same time, senior citizens get the benefit of 9.60 percent interest rate on FD of this period.

Unity Small Finance Bank: FD Rates
Unity Small Finance Bank offers interest rates ranging from 4.5% to 9% to regular customers. Whereas, senior citizens get annual interest rates up to 9.5%. The benefit of this percentage interest rate is available on the period of 1001 days. Senior citizens are given 4.5% to 9.5% interest on tenure ranging from 7 days to 10 years.

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The post Highest FD Rates: Two banks give more interest on Fixed Deposit than PPF-Sukanya Samriddhi first appeared on Rightsofemployees.com.

FD Rates of Small Finance Bank: Small finance banks are offering more than 9 percent interest on Fixed Deposit. These banks are offering higher interest compared to government and private banks. However, the risk level of these banks is slightly higher than other government and private banks. Here we are telling you about the interest rates available on FDs of such small finance banks. These interest rates are on FDs up to Rs 2 crore.

List of banks

Unity Small Finance Bank: Unity Small Finance Bank is offering 9% interest on FD maturing in 1001 days.

Suryoday Small Finance Bank: Suryoday Small Finance Bank is offering 8.65% interest for FDs maturing in two years and two days.

Ujjivan Small Finance Bank: Ujjivan Small Finance Bank is offering 8.5% interest for FD maturing in 15 months.

Jana Small Finance Bank: Jana Small Finance Bank is offering 8.5% interest for FDs maturing in 365 days.

Equitas Small Finance Bank: Equitas Small Finance Bank is offering 8.5% interest for FD maturing in 444 days.

Utkarsh Small Finance Bank: Utkarsh Small Finance Bank is offering 8.5% interest for FDs maturing between two years to three years.

ESAF Small Finance Bank: ESAF Small Finance Bank is offering 8.25% interest for FDs maturing between two years to less than three years.

AU Small Finance Bank: AU Small Finance Bank is offering 8% interest for FD maturing in 18 months.

The post FD Rates: These banks are giving 9% interest to investors on Fixed Deposit, check bank list first appeared on Rightsofemployees.com.

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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The post Bank FD Interest Rate : Up to 8.50% interest is available only on FD of 15 months, this bank announced, check latest rate first appeared on Rightsofemployees.com.

The merger was announced on October 30.

AU Small Finance Bank had announced its merger with Fincare Small Finance Bank on October 30, 2023. The bank had said that after getting approval from the shareholders, efforts will be made to get regulatory permission from RBI and Competition Commission of India.

AU Small Finance Bank said that the promoters of Fincare will invest capital of about Rs 700 crore after this merger. Under the deal, shareholders of unlisted Fincare will get 579 shares of listed AU SFB for every 2000 shares they hold.

Approval was received from Competition Commission on 23 January

After the merger of both the banks, Fincare SFB MD and CEO Rajeev Yadav will become the Deputy CEO of AU SFB. Also, Divya Sehgal, Director of the Board of Fincare SFB, will join the board of AU SFB. The merger of these two banks got approval from the Competition Commission of India on January 23 this year. AU SFB had given this information in the exchange filing.

Shares closed with a rise

The asset quality of AU Small Finance Bank had declined during the December quarter. In the third quarter of the current financial year, the total NPA of the bank was 1.98 percent. The bank’s net profit was also below expectations by Rs 375 crore. On Monday, shares of AU Small Finance Bank closed at Rs 579.50 with a rise of 0.26 per cent.

IIFL Finance banned from distributing gold loans

In another decision on Monday, RBI had banned IIFL Finance from distributing gold loans. The central bank has taken this action due to material supervisory concerns. However, the company will continue to service its existing gold loan portfolio.

The post Bank Merger: These two banks will merge on April 1, merger approved by RBI first appeared on Rightsofemployees.com.

In the recent past , the interest paid on Fixed Deposit (FD) has been increased by many banks for their customers. Now two private sector small finance banks have also increased the interest rates on FDs for their customers. Unity Small Finance Bank and Sarvodaya Small Finance Bank are now offering 9% returns on FDs to their customers. Please tell that this interest rate is more than the interest rate available in FDs of many banks and even in many government schemes.

Senior citizens will get more benefits

Unity Small Finance Bank is offering interest rates between 4.5% to 9% to its general customers. At the same time, this bank is offering returns at the rate of 9.5 percent to the customers falling in the category of senior citizens. Senior citizens are being offered an interest rate of 4.5% to 9.5% on FDs maturing in seven days to ten years. The highest interest rate of 9% is offered for a tenure of 1001 days.

Suryoday Small Finance Bank FD Interest Rate

Suryoday Small Finance Bank will now offer interest rates ranging from 4% to 9.1% on FGs maturing in seven days to 10 years to general customers. Senior citizens will get an interest rate of 4.5% to 9.6% on the amount maturing in seven days to ten years. The highest interest rate offered is 9.1% for a tenure of five years.

These rates are applicable from 5 July 2023. An official at Suryoday Small Finance Bank said, “The best part is that regular customers can now get 9.10% interest rate on 5-year deposits, while senior citizens can get 9.60% interest rate.

The post FD Rate Hike: These two private small banks increased the interest on FD, now you will get 9% return on depositing money first appeared on Rightsofemployees.com.

Fixed Deposit (FD) of banks is counted in safe investment. People who have to choose a safe investment go towards FD. Interest rate is given on FD which is fixed. Although most of the banks do not give much interest on FD, but today we are going to tell you about some such banks which are providing more than 9% interest on FD. Let’s know about it…

Interest on FD

Only a few banks are offering interest rates above 9% on FDs for fixed tenures to senior citizens. Private banks and public sector banks are far behind in offering competitive interest rates as compared to Small Finance Banks (SFBs). Many SFBs are covered through DICGC, which insures up to Rs.5 lakh. This insurance is applicable on all deposits like savings, fixed, current, recurring etc. In such a situation, here we are telling about those banks which are offering 9% or more interest rate on FD to senior citizens.

Unity Small Finance Bank

Unity Small Finance Bank (SFB) offers FD interest rates up to 9 per cent for general citizens and up to 9.50 per cent for senior citizens. The bank offers the highest interest rate of 9.50% to senior citizens on tenure of 1001 days. The revised interest rates are applicable from June 14, 2023.

Jana Small Finance Bank

Jana Small Finance Bank offers an interest rate of up to 9 percent on fixed deposits for senior citizens for tenures ranging from 366 days to less than 2 years.

Fincare Small Finance Bank

Fincare Small Finance Bank has increased deposit rates by up to 9.11 percent. The bank offers FD interest rates ranging from 3 per cent to 8.51 per cent to the general public. The highest interest rate of 9.11 per cent is offered for a tenure of 1000 days. The new rates are applicable from May 25, 2023.

Suryoday Small Finance Bank

Suryoday Small Finance Bank has increased the deposit rates up to 9.60 percent for a period of 5 years. The bank offers FD interest rates ranging from 4.50% to 9.60% to senior citizens. The bank offers 9% for a tenure of 999 days. The bank offers 9.10% for regular citizens with a tenure of 5 years. These rates are applicable from June 1, 2023.

Equitas Small Finance Bank

Equitas Small Finance Bank offers an interest rate of 9% for senior citizens and 8.50% for general citizens on tenors of 444 days and 888 days. The rates are effective from June 5, 2023.

ESAF Small Finance Bank

ESAF Small Finance Bank offers an interest rate of 9% for senior citizens for a tenure of 2 years to less than 3 years and 8.50% for general citizens. The rates are effective from April 14, 2023.

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Now a bank has increased the interest rates on FD. Actually, Fincare Small Finance Bank has changed its FD interest rates for senior citizens and others. Recently, the bank said in a statement that common customers can earn up to 8.51 per cent interest on FDs and senior citizens can earn up to 9.11 per cent, but for this the minimum deposit should be Rs 5000. The revised rates have come into effect from May 25, 2023.

Up to 9.11 percent interest to senior citizens

Fincare Bank is offering 9.11 percent interest on 1000 days FD to senior citizens. This is the highest interest rate offered by this bank over different tenures. For common citizens, the interest rate on FD of 1000 days is 8.51 percent.

FD rates of Fincare Small Finance Bank

The bank is offering 8.6 percent interest to senior citizens and 8 percent interest to others on FDs ranging from 59 days, 1 day to 66 months. On FDs ranging from 66 months 1 day to 84 months, senior citizens will get a return of 7.6 per cent and others up to 7 per cent. The bank is also giving 8.85 per cent interest to senior citizens on deposits of 36 months 1 day to 42 months, while ordinary citizens will get 8.25 per cent interest on FDs of the same duration.

The post FD Interest Rates: This bank is giving up to 9.11% interest on FD, benefit on deposits of ₹ 5,000 first appeared on Rightsofemployees.com.

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.

The post Dhanshu FD Interest Rate: This bank is giving more than 9.60% interest on FD, will have to invest for 999 days first appeared on Rightsofemployees.com.

Unity Small Finance Bank is offering 9.5% interest to senior citizens on 1001 days FD. However, 9 percent interest is being given to retail investors on this. Bank retail investors are getting 8.75 per cent and senior citizens 9.25 per cent interest on the 501-day fixed deposit scheme of Unity Small Finance Bank.

Utkarsh Small Finance Bank is giving up to 9% interest on 700 days

FD Utkarsh Small Finance Bank is giving 8.25% interest to general investors and 9.00% to senior citizens on 700 days FDs. The bank is giving an interest rate of 7.50% to general customers and 8.25% to senior citizens on fixed deposits (FDs) of 701 days to 5 years.

Equitas Small Finance Bank is giving up to 9% interest for 888 days.

Equitas Small Finance Bank is giving up to 8.5% interest to common people and up to 9% interest to senior citizens on FDs of 888 days. Recently, the bank has changed the interest rates for FDs of less than Rs 2 crore. According to the official website of the bank, the new FD interest rates have come into effect from April 11, 2023.

The pace of increase in the repo rate has stopped after 6 consecutive shocks.

Recently, the Reserve Bank of India (RBI) has given great relief to the common man. Actually, in the first MPC meeting of the new financial year, it has been announced to keep the repo rate stable. The repo rate has been retained at 6.50 per cent. Earlier, RBI had increased the repo rate by 2.50 percent from May 2022 to February 2023.

The post Best FD Interest rate: This bank is giving 9.50% bumper interest rate on FD, know all details here first appeared on Rightsofemployees.com.

These banks include Small Finance Bank, Ujjivan Bank, Jana Small Finance Bank, Fincare Small Finance Bank, Utkarsh Bank and Suryoday Bank and many smaller banks that promise better returns.

Investment amount is insured in small banks

Small Finance Banks (SFBs) continue to offer highest interest rates ranging from 8 percent to 9 percent on Fixed Deposits (FD) to common citizens. Remember that deposits under small finance banks are also covered by Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance. Simply put, your FD deposits up to Rs 5 lakh are covered under the insurance scheme if the small finance bank fails or is placed under moratorium. So there is no loss of your money.

Fixed Deposit Rates of Unity Small Finance Bank

Unity Small Finance Bank is offering FDs of tenure ranging from 7 days to 10 years to its customers. The bank has increased the interest rates on FDs of all tenures from 15 February. Unity Small Finance Bank is paying 9.25% interest to senior citizens and 8.75% to general customers on 181-201 days and 501 days fixed deposits. Small Finance Bank is giving 9.00 percent interest rate to general customers on investment for 1001 days, while on the same tenure it has offered 9.50 percent interest rate to senior citizens.

Jana Small Finance Bank FD Rates

Jana Small Finance Bank offers interest rates between 3.75 percent and 8.10 percent to common citizens for FDs maturing between 7 days to 10 years. The interest rate for senior citizens on the same tenure ranges from 4.45 per cent to 8.80 per cent. The bank is offering the highest interest rate of 8.10 per cent (for general citizens) and 8.80 per cent (for senior citizens) on fixed deposits maturing between two years and three years.

Fincare Small Finance Bank FD Interest Rate

Fincare Small Finance Bank offers interest rates ranging from 3 percent to 8.11 percent for general customers and up to 8.71 percent for senior citizens investing on FDs maturing between 7 days and 10 years . Common citizens are given the highest interest rate of 8.11 percent on FDs maturing in 750 days. At the same time, for senior citizens, the interest on FD maturing in 750 days can go up to 8.71 per cent.

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank gives interest rate between 3.75% to 8% to common citizens on FDs maturing between 7 days to 10 years. For common citizens, the highest interest rate on FD maturing in 560 days is 8 percent. At the same time, the bank offers the highest interest rate of 8.75 percent to senior citizens for investment on FDs maturing in 560 days.

The post FD Rates 2023: Banks giving more than 9% profit on investment on low tenure, know FD rates first appeared on Rightsofemployees.com.

The bank’s new interest rates on Fixed Deposit (FD) are applicable from 15 February 2023.Unity Small Finance Bank will now give 9.50% interest on 1001 days fixed deposits to senior citizens. At the same time, common customers will get 9% interest on FD of 1001 days.

9.25% interest on fixed deposits of this time period

Unity Small Finance Bank (Unity Bank) is giving 9.25% interest to senior citizens and 8.75% to general customers on 181-201 days and 501 days fixed deposits. Small Finance Bank is paying 7.50% interest to senior citizens and 7% to general customers on fixed deposits ranging from 5 years to 10 years.

Fixed Deposit Rates of Unity Small Finance Bank

The bank is now offering 4.50% interest on 7-14 day fixed deposits. At the same time, Unity Small Finance Bank is paying 4.75% interest on FDs of 15 days to 45 days. Unity Bank is offering 5.25% interest on fixed deposits with maturity of 46 days to 60 days. At the same time, interest of 5.50% is being paid on fixed deposits of 61 days to 90 days.

Bank’s interest rates for different periods

Unity Small Finance Bank is offering an interest rate of 5.75% on fixed deposits of 91 days to 180 days. While on fixed deposits of 181 days to 201 days, the bank will pay interest of 8.75 percent. The bank is paying 6.75% interest on FDs with maturity of 202 days to 364 days. Unity Small Finance Bank will pay 7.35% interest on FDs of 365 days to 500 days. The bank will pay an interest of 7.65% on fixed deposits with maturity ranging from 1002 days to 5 years.

The post Bank special offer on FD: This bank is giving interest up to 9.5%, there is a special offer on fixed deposits for so many days first appeared on Rightsofemployees.com.

The bank is offering 8 percent interest to the general public under this special scheme. An additional 0.50 percent interest is paid to senior citizens. Subscription of this special FD plan can be taken till November 30.

Here is the revised FD rates

The bank has announced the revision saying that FDs maturing in 7 to 14 days from November 1 will get an interest of 4 per cent. 4.50 interest will be available on FD of 15 to 59 days. 5 percent interest will be given on FDs maturing in 15 to 59 days. Interest of 5.25 percent will be given on FDs maturing in 91 to 182 days.

Here are the new rates

The bank is offering 5.50 percent interest on FDs ranging from 183 days to one year. 6.60 per cent interest is being offered on FDs maturing in less than 2 years from 1 year and 1 day. Interest of 7.25 percent is being given on FDs maturing in 2 years to 998 days. Now 8 percent interest is being given on FDs maturing in 999 days. Apart from this, an interest of 7.25 percent is being given on FDs maturing in 1000 days or less than 3 years. 5.75 percent interest will be available on FDs of 3 years to less than 5 years. Interest of 5.25 percent is being given on FDs of 5 to 10 years.

Senior citizens will get extra interest

The bank is giving an extra 0.50 percent interest from the normal rates to the senior citizen FD account holder. These rates will be applicable for all FDs of Rs 2 crore or less. ESAF Small Finance Bank has told on its official website that all these rates will be applicable on FDs less than 2 crores. These revised rates of FD will be available to new FDs and renewing FDs only.

The post Fixed Deposit Rate: This private sector bank is giving 8% interest, customers will get big profits first appeared on Rightsofemployees.com.

Public sector banks are far behind in giving returns. Based on the data collected by the bank market, the average return on FDs in the top 10 banks for 3 years is 7.2 percent.

Fixed deposits provide liquidity and assured interest income at regular intervals. Adequate liquidity means that when you need money, you will get it.

Here we are giving you a list of top 10 banks according to the latest interest rates, which offer the highest interest rates on FDs with a tenure of around 3 years.

Fincare Small Finance Bank and Ujjivan Small Finance Bank offer 7.5 percent interest on FDs. Small finance banks are offering the best interest rates. This interest rate is applicable on fixed deposits of Rs 1 lakh in these banks. The investment tenure in Fincare Small Finance Bank is 1,000 days. Similarly, the investment tenure to earn the given interest rates in Ujjivan Small Finance Bank is 525 days and 990 days.

Suryoday Small Finance Bank gives 7.49 percent interest on FD of Rs 1 lakh. The investment period is 999 days.

Jana Small Finance Bank is offering 7.35 percent interest on FD of Rs 1 lakh. The investment tenure should be more than three years but less than five years.

Equitas Small Finance Bank is giving 7.32 percent interest on FD of Rs 1 lakh. The investment period is 888 days.

Deutsche Bank is offering the best interest rates among foreign banks. It gives 7 percent interest on FD of Rs 1 lakh. Investment period should be more than three years but less than four years.

Bandhan Bank and RBL Bank are offering the best interest rates among the private banks. Both these banks give 7 percent interest on FD of Rs 1 lakh. The investment tenure while investing in Bandhan Bank and RBL Bank is more than 1 year and less than 5 years, and 15 months respectively.

Small finance banks and small private banks are offering higher interest rates for raising fresh deposits. The Deposit Insurance and Credit Guarantee Corporation, a subsidiary of the central bank, guarantees investments in fixed deposits up to Rs 5 lakh.

This data on FD interest is as of September 2, 2022, as given on the bank websites. While compiling the data, BankBazaar has considered the highest offered interest rate for a period of about 3 years.

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This bank is offering interest up to 7.1% on term deposits above Rs 2 crore with tenures of 2-3 years and 3-5 years. Under non-callable deposits, premature withdrawal is not allowed. “The interest on these deposits will be calculated on a quarterly compounded basis for deposits with tenor of 6 months and above,” the USFB said in a statement. The bank further said that non-callable deposits are not for senior citizens.

8.15% interest to senior citizens and benefits to people above 60 years of age-

USFB had earlier revised its FD rates for retail investors with effect from 6 July 2022. It is currently offering 8.15% interest to senior citizens for a tenure of 2-3 years and 3-5 years. For customers below 60 years of age, USFB offers a maximum interest of 7.65% on FDs of 2-3 years and 3-5 years.

IDBI Bank New FD Rate –

The bank is now offering the highest rate of 6.55% on select tenors. The bank has also introduced a limited tenor special 500 days deposit under the Amrit Mahotsav FD scheme, which offers a maximum rate of 6.70. Amrit Mahotsav offer is a limited offer available till 30th September, 2022.

ICICI FD Rate Revised –

Last week, ICICI Bank revised fixed deposit rates for select tenors. The private sector bank has fixed rates between 5.50% and 6.10% on retail fixed deposits for one year to five years, with rates on one year deposits being 5.50%.

The post Senior Citizens FD Rate: This bank is giving 8% interest on FD to senior citizens, check details immediately first appeared on Rightsofemployees.com.