There are still many banks that are offering interest rates of 9% and above on fixed deposits (FD) to senior citizens. Interest rates are available on FDs less than Rs 2 crore. Let us know about some such banks which are providing interest rate of more than 9% to senior citizens on FD. Let us know about it in detail.
There was doubt about the stance of banks if RBI once again did not make any change in the repo rate. Consumers were wondering whether after this the banks will increase or reduce the interest rate? However, recently many banks have increased interest rates. There are still many banks that are offering interest rates of 9% and above on fixed deposits (FD) to senior citizens. Interest rates are available on FDs less than Rs 2 crore. Let us know about some such banks which are providing interest rate of more than 9% to senior citizens on FD.
Unity Small Finance Bank
Unity Small Finance Bank offers senior citizens an interest rate of 9.5% on FDs maturing in 1001 days.
Fincare Small Finance Bank
Fincare Small Finance Bank offers an interest rate of 9.21% to senior citizens on FDs maturing in 750 days.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank offers an interest rate of 9.1% to senior citizens on FDs maturing between two to three years.
Equitas Small Finance Bank
Equitas Small Finance Bank offers 9% interest rate to senior citizens on FDs maturing in 444 days.
ESAF Small Finance Bank
ESAF Small Finance Bank offers 9% interest rate to senior citizens on FDs maturing between two to three years.
Jana Small Finance Bank
Jana Small Finance Bank offers an interest rate of 9% on FDs maturing between more than two years to less than three years.
Kotak Mahindra increased interest rates
Kotak Mahindra Bank has increased the interest rate on tenure of 3 years and above but less than 4 years by 50 bps to 7% from 6.50% and on tenure of 4 years and above but less than 5 years by 75 bps to 6.25%. From 7%. The bank offers interest rates between 2.75% to 7.25% to general citizens and 3.25% to 7.75% to senior citizens.
DCB Bank FD Rates
The bank has increased the interest rate for general citizens by 10 bps from 7.75% to 7.85% on tenure from 12 months 1 day to 12 months 10 days. For senior citizens, it has been increased from 8.25% to 8.35% over the same period.
