Let’s get to know five such banks, where senior citizens are getting more than 8.5 percent interest rate.
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There is good news for the investors of Fixed Deposit ie FD. Recently, Unity Small Finance Bank has increased the interest rates on FDs. The bank is now giving interest at the rate of 9 per cent to senior citizens. However, most banks have increased their fixed deposit interest rates. Many big banks are also included in these. Despite this, small finance banks are currently offering higher interest rates on FDs to senior citizens. Let’s get to know five such banks, where senior citizens are getting more than 8.5 percent interest rate.
Unity Small Finance Bank
In this small finance bank, senior citizens are getting interest at the rate of 9 percent per annum on FDs of 181 days and 501 days duration. At the same time, 8.5 percent interest rate is available on fixed deposits of both these periods in the general category.
ESAF Small Finance Bank
This bank is currently offering interest rates ranging from 4.50 per cent to 8.50 per cent on FDs with different tenures ranging from 7 days to 10 years. According to the bank’s website, the changed interest rates are effective from 1 November 2022. According to the website of ESAF Small Finance Bank, customers will get interest at the special FD rate of 8 percent till November 30, 2022, on fixed deposits with a duration of 999 days. Senior citizens are getting an interest rate of 8.50 per cent on this period.
Ujjivan Small Finance Bank
Senior citizens will get 0.75 percent more interest rate in this small finance bank. These rates will be applicable from 5 November 2022. The highest interest rate offered by the bank is 8.75 per cent for 80 weeks (560 days).
Fincare Small Finance Bank
Senior citizens will get 0.50 percent higher interest rate in Fincare Small Finance Bank. These rates are effective from 9 November 2022. The bank is paying interest at the rate of 8.50 percent for the maximum tenure of 1000 days.
Utkarsh Small Finance Bank
In Utkarsh Small Finance Bank, senior citizens get 0.75 percent more interest rate than the general category. These rates are applicable from 17 October 2022. The bank is giving the highest rate of 8.50 per cent to senior citizens for 700 days. These rates are applicable for renewal of existing FDs as well as new Fixed Deposits.
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