Almost all banks give an additional 0.5% to senior citizens compared to the general public.
New Delhi. Fixed Deposite (FD) of banks are considered the safest and risk free investment for investment in the country. Today, we are giving you information about FDs of major banks of the country.
Banks offer fixed deposits from 7 days to 10 years to their customers. Being safe in FD, it also gives guaranteed returns. In this, depositors get a higher rate of interest than a savings account. The interest rates on FDs vary from bank to bank. In addition, senior citizens also get additional interest on FD (fixed deposits). Almost all banks give 0.5% extra to senior citizens than the general public. IA now knows how much interest SBI, Axis Bank, ICICI, HDFC and Kotak Mahindra Bank are giving to their customers on FD
State Bank of India (SBI) is getting 5.40% interest on long term FD from 5 years to 10 years on 5.40 percent interest rate on deposits of more than 5 years in SBI . The bank gives 50 basis points more interest on all FDs to senior citizens. At the same time, on FDs maturing in 7 days to 45 days, 2.9% interest is being given to the customers. At the same time, interest is getting 3.9% on FDs maturing in 46 to 179 days, 4.4% on FDs maturing in 180 to 210 days, and 4.4% on FDs maturing within 211 days. 5% interest on FDs maturing between 1 year to 2 years, 5.10% on FDs between 2 years to 3 years and 5.30% interest on mid term FDs from 3 years to 5 years. Read also:
Axis Bank 5.75 percent interest rate on deposits of more than 5 years,
customers will get 2.5% interest on term deposits maturing within 7 to 29 days of Axis Bank. At the same time, you will get 3.% on FD maturing in 30 days to 6 months and 4.40% on FDs within 6 months to 1 year. At the same time, interest between 1 year to 18 months will get interest at the rate of 5.20%. At the same time, 5.25% interest will be given on FD of 18 months to 2 years and 5.40% on mid term FD between 2 years to 30 months. Now FD is getting 5.40% on FD which matures between 30 months to 5 years and 5.75% on FD of 5 to 10 years. The bank gives 50 basis points more interest on all FDs to senior citizens.
HDFC Bank gives 2.5% interest to its customers on FDs maturing in 7 to 14 days and 15 to 29 days. At the same time, HDFC now gives 3% interest on FDs of 30 to 45 days and 46 to 60 days and 61 to 90 days. Customers are getting 3.5% interest on FD maturing in 91 days to 6 months and 4.4% on FD maturing within 6 months to 1 year. At the same time, FDs maturing within 1 year to 2 years are 4.9%, 5.15% on FDs of two years to 3 years, 5.30% on term deposits of 3 years to 5 years and long matures between 5 years to 10 years Now get 5.50% interest on term FD. Senior citizens get 0.5% more interest on all these FDs.
ICICI is paying 5.50 percent interest on deposits of more than three years,
customers will get 2.5% interest on term deposits maturing within 7 to 29 days of ICICI Bank. At the same time, 3% will be given on FD maturing in 30 to 90 days, 3.5% on FD maturing in 91 to 184 days, and 4.4% interest on FD maturing within one year from 185 days. At the same time, FDs maturing in 1 year to 18 months will get 4.9% interest. At the same time, 5% interest will be available on FDs maturing between 18 months and 2 years. The bank now gives 5.15% interest on mid-term FDs of 2 to 3 years. At the same time, interest is getting 5.35% on FDs of 3 to 5 years and 5.50% on FDs of 3 to 10 years. Senior citizens get 0.5% more interest on all these FDs.
Kotak Mahindra Bank has been giving interest rate of just 5:30 percent for more than 5 years,
Kotak Mahindra Bank is giving 2.50% interest on FD of 7 to 30 days. At the same time, 2.75% will be given on FD between 31 days to 90 days, 3% on FDs from 91 days to 120 days and 3.25% interest on FDs from 121 days to 179 days. At the same time, interest will get 4,40% on deposits within 180 days to 1 year. At the same time, 4.50% interest will be given on FD of 389 days from 365 days and 4.80% on FDs of 390 days to 23 months. Interest will be given 5% on FDs ranging from 23 months to 3 years, 5.10% on FDs of 3 years to 4 years, 5.25% on FDs of 4 to 5 years and 5.30% on FDs of 5 to 10 years. Senior citizens will get 0.5% more interest on all these FDs.
