FD Interest Rate: In today’s time, many banks are bringing various schemes regarding their fixed deposits, so that they can attract customers. Today again a non banking financial company has increased the interest rate on FD.
FD in Bajaj Finserv: Bajaj Finance, the lending arm of Bajaj Finserv, has increased fixed deposit (FD) interest rates by 0.40 per cent. The company gave this information on Wednesday. Along with this, interest will be available at the rate of 8.60 percent per annum for special period deposits of 44 months for senior citizens.
The company said that the new rates have been increased by 0.40 per cent on deposits with maturity period of 36 months to 60 months. Bajaj Finance said depositors below 60 years will get interest up to 8.05 per cent per annum, while senior citizens will get interest up to 8.30 per cent per annum. According to the company, the benefit of revised rates on Bajaj Finance FDs will be available on fresh deposits and renewals of maturing deposits up to Rs 5 crore.
This is a special offer for senior citizens
Unity Bank is offering interest rates ranging from 4.5 to 9 percent on fixed deposits to its general customers, which have different duration and terms. At the same time, the bank is giving 9.5 percent discount to its senior customers. But keep in mind that for this the senior citizen will have to choose a 1001 day FD.
Another offer is being given by Unity Bank to senior citizens, in which if they make FDs ranging from 181 days to 201 days and 501 days, they will get 9.25% interest on FDs. Keep in mind that Unity Bank is giving 8.75 percent interest to general customers. On the other hand, if a customer withdraws the FD before the completion of the term, then 1 percent will be deducted from the interest received by that person. In such a situation, the customers will get more benefit in keeping FD for the entire period.
Some important things
Keep in mind that every bank gives different interest rates on FD. At the same time, they have many such terms, on which you can earn more profit by paying attention. Simply speaking, some banks give higher interest rate in certain period, this period may be less or more. In such a situation, you need to look at these periods once. If you get FD done keeping these periods in mind, then you can get more interest.