Four Banks offer above 9 percent interest rate on fixed deposits
By Lokmat English Desk | Published: September 2, 2023 04:34 PM2023-09-02T16:34:33+5:302023-09-02T16:34:33+5:30
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In May 2023, many banks had decided to increase interest rates on FDs. After the increase in repo rate a few days ago, almost all the banks have increased the interest rates. But still public and private sector banks offer 9 percent to senior citizens on FD.
Unity Small Finance Bank is offering interest on FDs to citizens at 9 percent per annum. This bank is offering interest at the rate of 9.50 percent to senior citizens. The bank is paying 9.50 percent interest for a period of 1001 days. 9.25 percent on FD from 181 days to 201 days.
Fincare Small Finance Bank has increased the FD interest rate to 9.11 percent. Banks are offering interest ranging from three percent to 8.51 percent to common citizens. The interest rate for senior citizens was increased from 3.60 per cent to 9.11 per cent for a period of 100 days.
Jan Small Finance Bank is offering 4.25 to 9 percent interest to senior citizens. The interest rate of 9 percent is applicable for tenures ranging from 366 to 499 days and 501 days to 2 years and 500 days.
Suryodaya Small Finance Bank has increased the FD interest rate to 9.60 percent. The bank is offering 4.50 percent to 9.60 percent interest to senior citizens for a period of five years. Bank offers 9.50 percent for a period of 999 days and a term of one year to more than two years.
Equitas Small Finance Bank is offering 9% interest rate to senior citizens on FDs maturing in 888 days. The interest rate on FD for general citizens can reach up to 8.5 percent. It will be applicable to deposits maturing in 888 days.
ESAF Small Finance Bank is offering an interest rate of 9 per cent on deposits of two years to less than three years for senior citizens. While 8.50 percent interest rate is being given for general citizens.
