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2 clusters · 2 sources · 1 days · First seen · Last updated

Indian bank fixed deposit interest rates

Overview

Indian banks are offering competitive interest rates on Fixed Deposits (FD), with a particular focus on senior citizens. Small Finance Banks (SFBs) are providing higher returns on 5-year deposits than major public and private sector banks.

Specific offerings for senior citizens on 5-year FDs include rates from Suryoday Small Finance Bank (8.25% to 8.50%), Shivalik Small Finance Bank (8.25% to 8.50%), Jana Small Finance Bank (8.00%), Utkarsh Small Finance Bank (7.75% to 8.00%), and Unity Small Finance Bank (up to 8.50%).

Punjab National Bank (PNB) also features a special 666-day FD scheme. For deposits under ₹3 crore, general customers receive 6.50% interest, senior citizens (60+) receive 7%, and super senior citizens (80+) receive 7.30% per annum.

Entities

Shivalik Small Finance Bank · Utkarsh Small Finance Bank · India Post · Jana Small Finance Bank · Suryoday Small Finance Bank

Timeline

  1. [BUSINESS] 2 sources
    Indian banks offer high interest rates on Fixed Deposits

    Indian banks, including various Small Finance Banks and PNB, are offering high-interest Fixed Deposits, with senior citizens receiving rates up to 8.50% on 5-year terms.

  2. [BUSINESS] 2 sources
    India Post RD scheme offers 6.7% interest on monthly savings

    India Post's 5-year Recurring Deposit scheme offers a 6.7% annual interest rate with quarterly compounding, providing a secure, government-guaranteed option for monthly savings.

Sources

hindi.news18.com · newsindialive.in