The fixed deposit (FD) interest rates have been rising since May 2022. Not only salaried class, or senior citizens, even millennials are investing in term deposits
Kotak Mahindra Bank offers an interest rate between 2.75% to 7.2% to general citizens and 3.25% to 7.7% for senior citizens. The bank has increased interest rate by 50 bps on tenure of 180 days from 6.5% to 7% for regular citizens
BoB has increased the interest rates on its FDs of up to Rs 2 crore. It is offering an interest rate between 3% to 7.25% to general citizens and 3.5% to 7.75% for senior citizens
Suryoday Small Finance Bank has revised interest rates on fixed deposits below Rs 2 crore. The general public can get an interest rate of 4% to 9.1% on their FD schemes, while senior citizens can earn 4.5% to 9.6% for their deposits
For regular consumers, Unity Small Finance Bank is offering interest rates between 4.5% and 9%. Senior citizen customers can earm up to 9.5% per annum on fixed deposits
Dhanlaxmi Bank has also revised its interest rates on fixed deposits under Rs 2 crore. The bank is now offering interest rates in the range of 3.25% to 7.25% for general customers. Senior citizens can get an additional interest rate of 0.5% per annum
Yes Bank has revised fixed deposit interest rates for deposits below Rs 2 crore. After the revision, the bank is offering interest rates between 3.25% and 7.75% to general citizens. For senior citizens, the bank is offering 3.75% to 8.25%
SBI, HDFC Bank, and ICICI Bank are offering an interest rate ranging between 3% and 7.1% per annum on FDs maturing in 7 days to 10 years. Senior citizens are provided an additional interest rate of 3.5% and 7.6%