There are some government banks, private banks and NBFC companies where you can invest money for attractive returns. At some places, interest rates up to 9.5% are being offered to senior citizens.
If you have enough funds and want to invest it in a safe option with a better return, then now is the right time to invest money in Fixed Deposit (FD). There are some banks or financial institutions which are currently offering investment in FD (Fixed Deposit) at attractive interest rates. These include government banks, private banks and NBFC companies where you can invest money. If you are a senior citizen then you will be offered 0.50 percent more interest.
SBI FD
The public sector and the country’s largest bank is offering interest rates (sbi fd rates) between 3% to 7.10% for all customers. The interest rate for senior citizens ranges between 3.5% to 7.6%. These rates were last revised on February 15, 2023.
Interest rates on ICICI Bank FD
Private sector ICICI Bank is offering interest rates between 3% to 7.1% on FD for all customers. On fixed deposits, senior citizens get interest rates ranging from 3.50% to 7.65% on FDs of different tenures effective from October 16.
HDFC bank latest rates
HDFC Bank FD, the country’s largest in the private sector, currently has an interest rate of 3% to 7.20% for different tenures. On the other hand, senior citizens get interest rates between 3.5% to 7.75%. These rates are applicable from 1 October 2023.
Unity Small Finance Bank FD
Unity Small Finance Bank of NBFC category: This company is offering investment in FD (Fixed Deposit) to general customers at interest rates between 4.5% to 9%. Senior citizens are being offered interest rates ranging from 4.5% to 9.5% on deposits in FD for seven days to ten years. The highest interest rate of 9% is being offered on a tenure of 1001 days.
Suryoday Small Finance Bank FD
Suryoday Small Finance Bank offers fixed deposit interest rates between 4% to 8.6% to general customers on deposits maturing in seven days to ten years. Senior citizens are getting interest rates ranging from 4.5% to 9.1% on deposits for the same period. The highest interest rate of 8.60% is applicable for tenures beyond 2 years to 3 years.
DCB Bank Interest Rates
DCB Bank offers a discount of 3.75% to 7.9% to general customers and 4.25% to 8.50% to senior citizens. According to Livemint news, these rates are applicable from 27 September 2023.
RBL Bank FD Rates
While RBL Bank is offering 3.50% to 7.80% interest on fixed deposits to general customers, senior citizens get interest between 4% to 8.30% on term deposits. These rates are applicable from 16 October 2023.
IDFC First Bank FD
IDFC First Bank offers interest rates between 3.50% to 7.75% on fixed deposits for general customers. Whereas for senior citizens the bank is offering interest rates ranging from 4 to 8.25 percent. The highest interest rate is 7.75% on deposits maturing in 549 days to two years.
Latest FD Interest Rates of Punjab & Sind Bank
General customers are being offered investment in FD at interest rates ranging from 2.8% to 7.40%. The highest interest rate is being offered on fixed deposits maturing in 444 days. These rates are effective from October 1, 2023.
