The bank is offering interest up to 9.50% to senior citizens on 1001 day fixed deposits. Unity Small Finance Bank is offering 9.25% interest to senior citizens on FDs ranging from 6 months to 201 days.
Fixed Deposits (FD) are considered one of the safest means of investment. Here, many banks have increased the interest rates of their fixed deposits. A bank is offering interest up to 9.50% on fixed deposits. This is Unity Small Finance Bank. The bank is giving interest up to 9.50% to senior citizens on its 1001 day fixed deposits. The bank is offering 9.25% interest to senior citizens on FDs of 6 months to 201 days. At the same time, the bank is giving 9.25% interest on 501 day FD and 9.45% interest to senior citizens on 701 day fixed deposit.
Senior citizens can get up to 7.85% interest on Axis Bank FD
Axis Bank has revised its fixed deposit interest rates from 5 February 2024. The revised rates are applicable to fixed deposits of less than Rs 2 crore. Common people can get maximum interest on fixed deposits up to 7.20% and senior citizens can get up to 7.85% interest. Axis Bank is offering interest ranging from 4.8% to 7.85% to senior citizens on fixed deposits ranging from 7 days to 10 years.
HDFC Bank also revised interest rates
HDFC Bank has increased the interest rates on bulk fixed deposits above Rs 2 crore and up to Rs 5 crore for domestic, NRO, NRE customers. The new rates are effective from 3 February 2024. The bank is giving interest ranging from 4.75% to 7.40% to the common people. At the same time, HDFC Bank is now giving interest ranging from 5.25% to 7.90% to senior citizens. Senior citizens will get 50 basis points more interest than standard rates on fixed deposits.
