Banks increased interest rates on FD: In the month of October 2023, most of the banks have increased the interest rates on fixed deposits, the increased interest rates of some banks have come into effect from the first of October, we are giving you information about the list of top 9 banks. Are being issued with interest rate for general and senior citizens.
Fixed Deposit Interest Rate for Senior Citizens
Unity Bank interest rate increase
Unity Small Finance Bank Limited (Unity Bank) has increased the interest rate on 701 days fixed deposits. The bank is now offering 9.45% interest rate to senior citizens and 8.95% interest rate to general investors on fixed deposits for 701 days.
Interest rate on Bank of Baroda FD
Bank of Baroda has increased the interest rates on domestic retail liquid deposits, NRO and NRE liquid deposits. Senior citizens are now getting interest rates up to 7.9% on deposits of 2 to 3 years.
Interest rates of other banks
Maharashtra, Canara, Yes, Karnataka, IndusInd, IDFC First Bank and Indian Bank have also increased their interest rates in October.
| Name of bank | Fixed Deposit Interest Rate (Senior Citizens) |
|---|---|
| Unity Bank | 9.45% |
| Bank of Baroda | 7.9% |
| Maharashtra Bank | 4.75% |
| Canara Bank | 7.75% |
| Yes Bank | 8% |
| Karnataka Bank | 7.75% |
| IndusInd Bank | 8.25% |
| IDFC First Bank | 8% |
| Indian Bank | 7.75% |
