Public sector and private sector banks increased interest rates on Fixed Deposit Scheme. Banks are offering more interest on FD to senior citizens, due to which they have a great opportunity for investment.
Fixed deposits: After May 2022, the Reserve Bank of India (RBI) has increased the repo rate at frequent intervals. After this increase in the repo rate, many big government and private banks of the country have increased their fixed deposit (FD) rates. These banks include big banks like State Bank of India (SBI) and HDFC Bank. Let us know today about those banks which are giving maximum interest on FD to their customers.
Getting 7.80% interest from here
After this increase in interest rates, SBI is giving 3% to 7.10% interest to its general customers. While HDFC Bank is giving 3% to 7.10% interest to its general customers and ICICI Bank is giving 3% to 7.10% interest to its general customers. Apart from this, Punjab National Bank (PNB) is giving interest of 3.50% to 7.25%, RBL Bank 3.50% to 7.80% and Axis Bank 3.50% to 7.26% to its general customers.
Maximum 8.30% interest is being received
On the other hand, SBI is giving interest of 3.50% to 7.60%, HDFC Bank 3.50% to 7.75% and ICICI Bank 3.50% to 7.60% to its senior citizen customers. On the other hand, Punjab National Bank is giving 4% to 7.75% interest to its senior citizen customers while Axis Bank is giving 3.50% to 8.01% interest to its senior citizen customers and RBL Bank is giving 4% to 8.30% interest to its senior citizen customers.
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