Senior citizens are getting up to 8.80% interest in these banks, check details

 

FD Rates: Last month i.e. in October 2024, Shivalik Small Finance Bank, IndusInd Bank, Federal Bank, Punjab & Sind Bank, Bank of Baroda and Punjab National Bank changed their FD interest rates. Read here complete information related to the offers of these banks.

Senior citizens FD: Whenever there is talk of savings, the name of fixed deposits of banks i.e. FD definitely comes up. Your investment in fixed deposit is safe, along with this you also get guaranteed returns. If you are planning to invest in FD then this news is of your use. In October 2024, 7 banks including Shivalik Small Finance Bank, IndusInd Bank, Federal Bank, Punjab and Sindh Bank, Bank of Baroda and Punjab National Bank revised their FD interest rates.

Shivalik Small Finance Bank

Shivalik Small Finance Bank had changed the interest rates on 24 October. The bank is giving 3.5% to 8.3% interest on FDs to its customers while senior citizens are getting 4% to 8.8% interest. The highest interest is being given on FDs of 18 months to 24 months duration, which is 8.30% for general customers and 8.80% for senior citizens.

IndusInd Bank

IndusInd Bank had changed the interest rates on 7 October. The bank is giving 3.5% to 7.75% interest on FDs to general customers while senior citizens are getting 4% to 8.25% interest. The highest interest is being given on FDs with tenure of 1 year to 2 years.

IDFC First Bank

The new rates of IDFC First Bank are effective from October 16. The bank is offering interest ranging from 3% to 7.75% to its customers. The highest interest of 7.75% is being given by the bank on fixed deposits of 400 to 500 days duration.

Federal Bank

The new FD rates of Federal Bank are effective from October 16. The bank is offering interest ranging from 3% to 7.4% to its customers. The highest interest of 7.40% is being offered on FDs of 777 days duration.

Bank of Baroda

The new FD rates of Bank of Baroda are effective from October 14. The bank is offering interest ranging from 4.25% to 7.30% to its customers. An extra interest of 0.50% is being given to senior citizens on FDs.

Punjab National Bank

Punjab National Bank is offering FD rates ranging from 3.50% to 7.25% for general customers for tenures ranging from 7 days to 10 years. For senior citizens, the bank offers interest rates ranging from 4% to 7.75% and for super senior citizens, it offers interest rates ranging from 4.30% to 8.05%. These rates are effective from October 1, 2024.

Punjab & Sind Bank

Punjab & Sind Bank is offering FD rates ranging from 4% to 7.45% on callable deposits for tenures ranging from 7 days to 10 years for general citizens. The bank is offering the highest interest rate of 7.50% on non-callable deposits for tenures up to 555 days.

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