Senior citizens are getting more interest

Senior citizens are getting an extra interest of 0.50% over and above the normal rates. The bank is paying 0.75% more interest for super senior citizens. Union Bank of India is offering an interest rate of 3.5% to the general public on FDs maturing in seven to 45 days. FDs maturing in 46 days to 90 days are now getting an interest rate of 4.50%.

Union Bank of India FD interest rates – For FDs up to Rs.3 crore

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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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Now the economic gap between men and women is decreasing rapidly. In recent times, there has been a huge increase in the number of women becoming financially independent. However, expenses also increase with income and this is the case with women too.

Many times, money runs out before the salary arrives and then important tasks like bills or shopping get stuck. The easiest solution to this problem is credit card. If you are also thinking of applying for a credit card, then Divaa Credit Card of Union Bank of India (UBI) can be the most suitable option for you.

Diva Credit Card is only for women. Let us know what benefits you get in this and what are the conditions to apply for it.

What are the conditions to apply for Diva?
Any woman between 18 to 65 years of age can apply for Diva Credit Card. However, if you are a business woman, you get an additional relaxation of 5 years, that is, even if you are 70 years old, you will still be able to get the Diva Credit Card.

How much should your income be?
If you want Diva Credit Card, your annual income should be at least Rs 2.5 lakh. Salaried women will have to submit their Form 16/ITR along with the salary slip. At the same time, business women will have to submit ITR for two years.

What facilities are available in Diva
This is a card issued on RuPay network. In such a situation, you will be able to avail the benefit of whatever merchant or cashback is given by RuPay. This includes things like restaurants, utility bills. You also get discount vouchers at Lakme Salon, Nykaa, Myntra and Flipkart.

Besides, a health checkup package is also available in it. You also get 2 reward points for every Rs 100 spent. However, minimum 750 reward points are required for redemption. Surcharge of 1 percent on fuel purchase is also reimbursed under certain conditions.

If we talk about fees, the annual fee of Diva Credit Card is Rs 499. However, if you spend Rs 30,000 or more in a year, this fee is waived off.

RBI banned this bank! Now you will not be able to withdraw money, know what will happen now?

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The pilot-based digital rupee was launched on November 1, 2022, for use at the wholesale level. After that, the use of digital rupee in the retail segment was announced on December 1, 2022. Pilot projects were started in Mumbai, New Delhi, Bangalore and Bhubaneswar. In terms of usage, a limited range of customers and merchants were included in it.

Ahmedabad, Chandigarh, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla are also being included in the pilot project in a phased manner.

4 banks have been named

The pilot project started with four banks – State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank. While four other banks… Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank joined later.

5 more banks are in the process of joining

Central Bank said in 2022-23 report Five more banks… Punjab National Bank, Canara Bank, Federal Bank, Axis Bank and IndusInd Bank are in the process of joining the pilot project. The scope is being gradually expanded to include more banks, users and locations as per the need.

According to the released report

, in the case of wholesale and retail digital rupees, things are satisfactory so far and are in line with what was expected. With reference to the digital rupee wholesale segment, it said that settlement of secondary market transactions in government securities has been included under it. Transactions between banks are expected to become more efficient with the use of digital money-wholesale segment. This arrangement is expected to bring down the disposal cost.

Currently nine banks are participating

State Bank of India (SBI), Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC ) are participating in the pilot.

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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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After the increase in the interest rate, many banks are giving more than 8 percent interest on fixed deposits. At some places, up to 9 percent interest is being given to senior citizens. If you are also planning to invest in FD, then here is information about some such banks, which are offering 8.30% interest on FD.

However, this interest rate is not applicable for all senior citizens. Bank Super Senior Citizens, who are 80 years or more, are being given. Let us know which are these banks, which are giving more interest on FD.

RBL Bank

For senior citizens above 60 years and below 80 years of age, this bank is giving 50 basis points more interest than common citizens on fixed deposits. This bank is giving 75 basis points more interest to senior citizens above 80 years. This means that this bank is giving 8.3 percent interest to the super senior citizens. This interest rate is effective from November 25, 2022.

Union Bank of India

This bank is giving 0.50 percent interest per annum to senior citizens, while super senior citizens are paying 0.75 percent interest every year. According to Union Bank’s website, after the increase on November 25, a maximum interest of 8.05 per cent is being given to super senior citizens on fixed deposits with a tenure ranging from 800 days to 3 years.

PNB

According to the bank’s website, senior citizens are being given 50 basis points more interest than the normal FD rate on FDs of less than 2 crores. While 80bps more interest is being given to super senior citizens. On the tenure of 666 days, 8.10 percent interest is being given to the super senior citizens. This interest rate is effective from 12 December 2022.

Indian Bank

According to the website of Indian Bank, under a special FD, an additional 0.25 percent interest is being given on FD to an elderly person of 80 years or more.

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The new interest rates of Union Bank of India are applicable from 25 November. Public sector bank UBI is giving interest of up to 7.3% to its general customers on FDs maturing in a period of 800 days and 3 years respectively. At the same time, the bank is paying interest by increasing 0.5% on FDs of the same duration to its senior citizen customers. That is, senior citizen customers in UBI are getting 7.8% interest on FDs maturing in 800 days and 3 years respectively.

DBS Bank (DBS Bank) is paying 0.75% more interest than common depositors on FDs maturing in 600 days for its senior citizen customers. Senior citizens are currently getting 7.75% interest from DBS Bank on FDs with maturity of 600 days. DBS Bank is offering 7% returns to its senior citizen customers on FDs maturing in 3 to 4 years, 4 to 5 years, 5 years and above. The new FD rates of the bank are applicable from 18 November 2022.

Meanwhile, Ujjivan Small Finance Bank is offering up to 8.75% interest on FDs to its senior citizen customers. On the other hand, senior citizens are getting a return of up to 9% on the FD of Unity Small Finance Bank. In recent times, many banks have changed FD interest rates for senior citizens. Some of which have been described here.

RBL Bank

RBL Bank is giving 7.75% interest on FD to its senior citizen customers. To get returns at this rate, customers above 60 years of age will have to invest in FD plans maturing in 725 days.

Bank of India

This bank is offering 7.75% return on FD to senior citizens. For this, customers who have crossed the age of 60 years will have to invest in FDs with a duration of 777 days. This rate is applicable from 1 November 2022.

Federal Bank

In Federal Bank, senior citizens are getting 7% interest on FDs with a tenure of 750 days. For this, they have to deposit their savings in this FD of the bank for 750 days. This rate is applicable from 10 October 2022.

SBM Bank

Senior citizens are getting 7.1% interest on FDs of 3 years to 10 years maturity of SBM Bank. This deposit is callable. That is, the investor will be allowed to surrender and withdraw his deposit before maturity. On the other hand, non-callable deposits of the same duration i.e. withdrawal of money before maturity will not be allowed in this FD, but SBM Bank is offering 7.5% return. This rate is applicable from 15 November 2022 on the FD of the bank.

Yes Bank

Yes Bank is giving 7.5% interest to its senior citizen customers on FDs with a tenure of 36 days to 10 years. The bank is giving 7.25% return on FDs with a tenure of 1.5 years to 3 years. These rates are applicable on 3 November 2022.

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The banks which have increased the interest rates on FD so far include State Bank of India (SBI), Bank of Baroda (BOB), HDFC Bank, ICICI Bank, Bank of India, Canara Bank, Union Bank of India, IDFC First Bank. Here we are telling you about 4 banks which are giving more than 7 percent interest.

Bank Of Baroda FD Rates

Bank of Baroda (BOB) has launched “Baroda Tiranga Plus Deposit Scheme” with interest rates of 7.50% p.a. for 399 days with effect from 1st November 2022. It also includes an additional interest of 0.50% p.a. and 0.25% interest for senior citizens. Bank of Baroda 399 days Tiranga Plus deposit scheme is getting interest rate of 6.75% for general public, 7.25% for senior citizens. General public, NRE/NRO depositors will get an interest rate of 7% and senior citizens will get an interest rate of 7.50%.

FD rates of Bank of India

Bank of India (BOI) has come up with FD with higher interest rate. BoI has come up with ‘Star Super Triple Seven Fixed Deposit’. In this newly launched scheme, customers are being given interest up to 7.25% for general public and 7.75% for senior citizens on deposits for 777 days.

Union Bank Of India FD Rates

Union Bank of India offers 3% to 7% interest on FDs with maturities ranging from 7 days to 10 years. 7% interest is available on FDs maturing in 599 days.

Canara Bank FD Rates

Canara Bank has launched a special FD scheme of 666 days. According to this scheme, the bank is offering an interest rate of 7% to its general customers. Canara Bank is offering 7.5% interest on deposits to senior citizens.

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There is good news for the customers of Union Bank of India. The bank has changed the interest rates on its fixed deposits of less than Rs 2 crore. According to the information given by the bank on its website, the new rates have come into effect from September 14. Let us tell you that the bank gives interest of 3 to 6.20 percent on FD to its customers. The bank offers FDs ranging from 7 days to 10 years.

The bank has told on the website that senior citizens are given additional interest as compared to the common people. The bank gives the highest interest of 6.20 percent to the common people, but it is not given on the longest term but on FDs maturing in 5 years 1 day. Let’s see other interest rates of the bank.

Interest rate on FD

Union Bank gives 3% interest on FDs maturing in 7-14, 15-30 and 31-45 days. At the same time, customers get an interest of 4.05 percent on FDs maturing in 46-90 days. The bank gives interest at the rate of 4.10 per cent on FDs of 91-120 and 121-180 days. The bank gives an interest of 4.60 per cent on FDs with tenures ranging from 181 days to less than 1 year. The bank gives 5.35 percent interest on 1 year FD.

Interest rates on FDs of more than 1 year The bank gives 5.45 percent interest on FDs of more than 1 year and up to 2 years. The bank gives 5.50 percent interest on FDs of more than 2 years and up to 749 days. The bank gives 6.15 percent interest on FD of 750 days.

The bank gives 5.50 percent interest on FDs of more than 750 days to 3 years. On FDs of more than 3 years to 5 years, customers get 5.75 percent interest. Customers get the highest interest of 6.20 percent on FDs maturing in 5 years 1 day. After this, an interest of 5.80 percent is given to the customers on the FD of the last tenor i.e. more than 5 years 1 day to 10 years.

FDs above Rs 2 crore The bank has stated on its website that these interest rates are effective on FDs of less than Rs 2 crore. If the customer wants to invest more than Rs 2 crore in FD, then he has to approach his nearest Union Bank branch.

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