Banks Offer Highest Interest rates FD Scheme: Most banks offer higher interest rates to senior citizens as compared to FD rates offered to regular investors. 4 banks including PNB are giving investors a chance to return with guarantees.
New Delhi: Many banks are offering higher interest rates on fixed deposits to their investors. But, 4 banks have offered to give the highest interest rate to senior citizens. Most banks offer higher interest rates to senior citizens as compared to FD rates for regular investors. Generally, banks increase the interest rate by 0.50 percent or 0.75 percent from the rate of interest given to ordinary citizens.
RBL Bank FD Interest Rate for Senior Citizens
RBL Bank offers higher rate of interest on FD investment to senior citizens and super senior citizens. The bank is currently offering 8.55% rate of interest on FD investment to very senior citizens. Whereas, 8.30% interest rate is being given on FD investment to senior citizens. These interest rates are applicable from 1 June 2023.
Union Bank of India FD Interest Rate for Senior Citizens
Union Bank of India Senior Citizen gives 0.50% higher interest rate. Whereas, ATI gives 0.75% higher interest rate on FD investment to senior citizens. The bank is offering the highest interest rate of 7.50% to senior citizens and 7.75% to super senior citizens.
FD Interest Rate for PNB Senior Citizen
According to the PNB website, very senior citizens aged 80 years and above are given an additional interest rate of 80 bps over the applicable card rate across all maturity periods. The bank offers the highest interest rate of 8.10% to senior citizens for a tenure of 444 days.
FD Interest Rate for Indian Bank Senior Citizens
According to the website of Indian Bank, IB – Golden Egger Scheme is for Super Senior Citizens and has an additional interest rate of 0.25%. At the same time, the bank gives an interest rate of 8% to very senior citizens and 7.75% to senior citizens on the IND SUPER 400 DAYS FD scheme. Similarly, on IND SUPREME 300 DAYS FD, the bank gives 7.80% interest rate to super senior citizens and 7.55% interest rate to senior citizens.
