At present, many banks are giving more than 8 percent interest to senior citizens. Let us know which are the 4 banks which are offering the highest interest to senior citizens on FD of less than Rs 2 crore.
If we look at the trend of the last few months, it shows that FD rates are the best at this time. In the last few weeks, one or two banks have also cut down on FD rates. Meanwhile, many experts believe that now is the best time for FD. After this, FD rates may fall. At present, many banks are giving more than 8 percent interest to senior citizens. Let us know which are the 4 banks which are offering the highest interest to senior citizens on FD of less than Rs 2 crore.
1- DCB Bank
DCB Bank is offering interest up to 8.50 percent on FD to senior citizens (DCB Bank Senior Citizen FD Rates). This interest is being given on FD of 25 months and 37 months. Even if you make FD only for 12 months and 10 days, you will be given interest of 7.75 percent. You will get 8 percent interest on FD of 18 months and 6 days. Whereas 8.15 percent interest is being given on FD of 61 months.
2- IndusInd Bank
If a senior citizen makes an FD in IndusInd Bank, he can get interest up to 8.25 percent (IndusInd Bank Senior Citizen FD Rates). This interest is being given on FD of 1 year to 2 years. The bank is giving 4.25 percent interest on FDs of 7 days to 30 days, while 4.5 percent interest is being given on FDs of 31 days to 45 days. There is an offer of 5 percent interest on FD of 46 days to 60 days and 5.35 percent interest on FD of 61-90 days. You get 5.50 percent on FD of 91-120 days, 5.75 percent on FD of 121-180 days, 6.60 percent on FD of 181-210 days, 6.85 percent on FD of 211-269 days and 7.10 percent on FD of 270-364 days. Interest is being paid. The bank is giving 8 percent interest to senior citizens on FD above 2 years.
3- Bandhan Bank
Bandhan Bank is giving interest up to 8.35 percent on FD to senior citizens (Bandhan Bank Senior Citizen FD Rates). 3.75 percent interest is being given on FD of 7 days to 30 days. Whereas 4.25 percent interest is being offered on FDs for period between 31 days to less than 2 months. Apart from this, if you make FD from 2 months to 1 year then you will get interest of 5.25 percent. At the same time, Bandhan Bank is giving 7.75 percent interest on FD from 1 year to 499 days. Even if you make FD for 501 days to 5 years, the bank will give you only 7.75 percent interest. Apart from this, interest of 6.60 percent is being given on FD from 5 years to 10 years.
4- IDFC First Bank
If you make FD in IDFC First Bank, you can get interest up to 8 percent (IDFC First Bank Senior Citizen FD Rates). This interest is available on FDs ranging from 1 year, 1 day to 550 days. Here, 4 percent interest is being given on FD of 7 days to 29 days and 4.5 percent interest is being given on FD of 30 days to 45 days. Apart from this, 5 percent interest is being given on FD of 46 days to 90 days, 5.5 percent on FD of 91-180 days and 7 percent interest is being given on FD of 181 days to 1 year. If you make FD for 551 days to 3 years then you will be given 7.75 percent interest. Whereas 7.5 percent interest is being offered on FDs ranging from 3 years to 10 years.
