The Reserve Bank of India increased repo rate rapidly last year. Even though the burden of EMI has increased on the people, but bank customers are benefiting from it. Actually, there has been an increase in interest from savings accounts to FD. In one year, the repo rate of the Reserve Bank has increased by 2.50 percent.
Higher FD rates in these banks
However, there has been no change in the repo rate in the last two monetary policy meetings. RBI governor says that the repo rate has not been changed due to a reduction in retail inflation rates. But after a big increase in the repo rate within a year, banks have once again started paying more than 9 percent interest on FDs. However, these hefty interest rates are not for all customers. Now, only senior citizens will get its benefit. Let us know which banks are giving more than 9 percent interest on FD to senior citizens.
Fincare Small Finance Bank
The name of Fincare Small Finance Bank is included in the bank giving more than 9 percent interest. In this, senior citizens are getting interested at the rate of 9.11 percent on FDs of 1000 days.
Unity Small Finance Bank
Unity Small Finance Bank is also giving excellent interest to senior citizens. Here FDs with a maturity of 181 to 201 days are getting interest at the rate of 9.25 percent, while FDs with a maturity of 1001 days are getting interest at the rate of 9.50 percent.
Jana Small Finance Bank
Jana Small Finance Bank is also included in the banks giving more than 9 percent interest to senior citizens. In this, interest is being received at the rate of 9 percent on FDs with a maturity of 366 to 499 days, 501 to 730 days, and 500 days.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is also offering more than 9 percent interest rate for senior citizens. Here senior citizens are getting 9.6% interest on FDs with a maturity of 5 years. While FD with a maturity of 999 days is getting interest at the rate of 9 percent.
ESAF Small Finance Bank
ESAF Small Finance Bank is also getting excellent interest for senior citizens. Here FD with a maturity of 2 to 3 years is getting an excellent interest of 9%.
Published: June 30, 2023, 20:24 IST
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