IndusInd Bank, the largest private sector bank, currently offers the highest interest rate of 8.25 percent to senior citizens. The bank said that these interest rates have come into effect from August 5, 2023.
Senior citizens Interest Rates: IndusInd Bank, a leading domestic private sector bank, has invested Rs. It has announced to revise the interest rates on fixed deposits worth less than 2 crores. The revised interest rates will be effective from August 5, 2023, the bank said. At present, the bank offers an interest rate of 3.5 percent to 7.50 percent to regular customers on deposits with tenure of 7 days to 10 years.
The same offers interest rates ranging from 4.25 percent to 8.25 percent to senior citizens. General customers will get the highest interest rate of 7.50 per cent on fixed deposits with a tenure of one to two years, while senior citizens will get 8.25 per cent. The bank offers an additional interest rate of 75 basis points to senior citizens as compared to regular customers.
If we take a look at the interest rates offered by IndusInd Bank on fixed deposits…
- The bank now offers an interest rate of 3.50 percent on fixed deposits with a tenure of 7 days to 30 days.
- Bank now offers interest rate of 3.75 percent on fixed deposits with tenure of 31 days to 45 days.
- The bank now offers an interest rate of 4.25 percent on fixed deposits with a tenure of 46 days to 60 days.
- The bank now offers an interest rate of 4.60 percent on fixed deposits with a tenure of 61 days to 90 days.
- The bank now offers an interest rate of 4.75 percent on fixed deposits with a tenure of 91 days to 120 days.
- Bank now offers 5 percent interest rate on fixed deposits with tenor of 121 days to 180 days.
- Bank now offers interest rate of 5.85 percent on fixed deposits with tenor of 181 days to 210 days.
- Bank now offers interest rate of 6.10 per cent on fixed deposits with tenor of 211 days to 269 days.
- The bank now offers an interest rate of 6.35 percent on fixed deposits with a tenure of 270 days to 364.
- The bank now offers an interest rate of 7.50 percent on fixed deposits with a tenure of one to two years.
- The bank now offers an interest rate of 7.25 percent on fixed deposits with a tenure of two years to 61 months.
- The bank now offers 7 percent interest rate on fixed deposits with a tenure of 61 months and beyond.
On the other hand, the bank offers an interest rate of 7.25 percent for general customers and 8 percent interest rate for senior citizens on tax saving fixed deposits with a tenure of five years.
