Senior Citizens Fixed Deposit (FD): Many banks, including State Bank, ICICI Bank, Axis Bank, HDFC, are offering 7 to 7.5% interest on fixed deposits in deposits ranging from seven days to 10 years.
At the same time, there are some small finance banks, which are paying more interest than these big banks. At the same time, these banks are offering up to 8 percent interest to senior citizens. These banks also reduced the interest rate in the Corona virus epidemic. Earlier these banks were offering up to 9% interest rate. Let us know which banks are paying more interest on FD …
North-East Small Finance Bank
North East Small Finance Bank offers an interest rate of 3.5% to 8% on FDs maturing over a period of 7 days to 10 years. The bank offers the highest rate of interest on deposits maturing in 730 days, less than 1095 days. 8% interest rate will be available on these deposits.
- 7-14 days 3%
- 15-29 days 3%
- 30-45 days 3.25%
- 46-90 days 4%
- 91-180 days 4.25%
- 181-364 days 5.25%
- 365 days to 729 days 7%
- 730 days – Less than 1095 days 7.50%
- 1096 days -1825 days less than 6.50%
- 1826 days – 6.25% less than 3650 days
Jan Small Finance Bank
Jan Small Finance Bank pays interest of 2.5% to 7.25% on FDs ranging from 7 days to 10 years. Senior citizens get an additional 50 basis points on these deposits. These deposits will receive interest rates ranging from 3% to 7.75% for senior citizens. The bank offers the highest rate of interest on deposits with maturity period from 3 years to less than 5 years. Here general customers and senior citizens get 7.25% and 7.75% interest respectively. The latest FD interest rates of Jan Small Finance Bank are effective from December 22, 2020.
- 7-14 days 2.50%
- 15-60 days 3%
- 61-90 days 3.75%
- 91-180 days 4.5%
- 181–364 days 6%
- 1 year 6.75%
- 1 – 2 years 7.00%
- 2 -3 years 7.00%
- Over 3 years- 7.25% below 5 years
- 5 years 7.00%
- 5 – 10 years 6.50%
Utkarsh Small Finance Bank’s latest rate
Utkarsh Small Finance Bank is giving 3% to 7% interest on FDs maturing in normal 7 days to 10 years. Offering interest rates of 3.50% to 7.50% to senior citizens. The bank offers the highest rate of interest on deposits with a maturity period of 700 days. Senior citizens will get 7.5% interest on these deposits. These rates are effective from October 19, 2020.
- 7 to 45 days 3%
- 46 days to 90 days 3.25%
- 91 days to 180 days 4%
- 181 days to 364 days 6%
- 365 days to 699 days 6.75%
- 700 days 7%
- 701 days to 3652 days 6.75%
Suryoday Small Finance Bank’s latest rate
The FD rate of Sunrise Bank for senior citizens ranges from 4.5% to 8%. The bank pays the highest interest on deposits maturing in 5 years. 8% interest rate will be available on these deposits.
- 7 days to 14 days 4.00%
- 15 days to 45 days 4.00%
- 46 days to 90 days 5.00%
- 91 days to 6 months 5.50%
- 6.25% from 6 months up to 9 months
- Above 9 months and less than one year 6.50%
- 1 to 2 years 6.75%
- 7.15% between 2 years and above 3 years
- 7.25% above 3 years and below 5 years
- 5 years 7.50%
- 7% up to 10 years above 5 years
State Bank of India (SBI) has increased fixed deposits or FD rates for select maturity periods. The revised SBI rates on retail FDs below 2 crore are effective from 8 January. The bank has raised the interest rates on fixed deposits (FD) by 10 basis points for 1 year. The proposed rates of interest will be applied on fresh deposits and renewal of maturing deposits. SBI had earlier revised the interest rates on fixed deposits on 10 September 2020.
- 7 days to 45 days – 2.9%
- 46 days to 179 days – 3.9%
- 180 days to 210 days – 4.4%
- Over 211 days and less than 1 year – 4.4%
- 1 year to less than 2 years – 5%
- 2 years to less than 3 years – 5.1%
- 3 years s less than 5 years – 5.3%
- 5 years to 10 years – 5.4%
SBI latest FD interest senior citizen
- 7 days to 45 days – 3.4%
- 46 days to 179 days – 4.4%
- 180 days to 210 days – 4.9%
- 211 days to less than 1 year – 4.9%
- 1 year to less than 2 years – 5.5%
- 2 years and less than 3 years – 5.6%
- Under 3 years and 5 years – 5.8%
- 5 years to 10 years – 6.2%
