Fixed Deposit Interest Rate: THESE 4 banks provide over 8% return on senior citizens’ FDs - Check Details
FD interest rate: Currently, Axis Bank, PNB, IDFC First Bank and DCB Bank are among the few banks that offer over 8% interest to senior citizens.
FD interest rate: In good news for investors, various banks have increased their Fixed Deposit (FD) interest rates after the recent repo rate hike by the Reserve Bank of India (RBI). Currently, Axis Bank, PNB, IDFC First Bank and DCB Bank are among the few banks that offer over 8% interest to senior citizens. Here are details of the tenure and the prevailing interest rates for senior citizen consumers.
Axis Bank
Axis Bank is offering an FD interest rate of 8.01 per cent for senior citizens on tenures between 24 to 30 months.
Punjab National Bank (PNB)
For super senior citizens, PNB Bank is offering 8.10 per cent interest on FD for a tenure of 666 days.
IDFC FIRST Bank
IDFC FIRST Bank is offering an FD interest rate of 8.00 per cent for senior citizens on a minimum tenure of 7 days and maximum 10 years.
DCB Bank
DCB is offering an FD interest rate of 8.35 per cent for senior citizens, with tenures ranging from over 700 days to less than 36 months. The bank is offering 8 per cent on terms of 18 months to 700 days.