In many banks, the rate of interest given on FD for senior citizens is as much as 8 %. Let us let you know that Fixed Deposit (FD) has all the time been the most well-liked mode of funding amongst senior citizens. In such a situation, tell us about three government banks that are giving a rate of interest of 8% or extra to the people coming within the class of their senior residents.
In the present year, the rate of interest on Fixed Deposits (FD) has been elevated by many banks. The most advantage of these elevated rates of interest is being given to the people falling within the senior citizen class. Even in lots of banks, the rate of interest given on FD for senior residents is as much as 8%.
Let us let you know that Fixed Deposit (FD) has all the time been essentially the most well-liked mode of funding amongst senior residents. In such a state of affairs, tell us about three authority banks that are giving a rate of interest of 8 % or extra to the people coming within the class of their senior residents.
Punjab And Sind Bank
The main public sector bank is giving the good thing about more significant than 8 % rate of interest to clients falling within the senior citizen class. This financial institution has additionally introduced a particular FD scheme for patrons falling within the senior citizen class. Punjab and Sind Bank introduced a rise within the rate of interest on FDs with deposits of lower than Rs 2 crore on 21 February 2023. Senior residents will get 8.50% and clients falling within the class of tremendous senior citizens will get a rate of interest of 8.85% on Punjab and Sind Bank’s 222-day FD scheme.
On the opposite hand, an 8.00% rate of interest is being supplied to senior residents and 8.35% to very senior residents on offline mode on 300 days deposit scheme. While the rate of interest of 8.25% is being given to senior residents and 8.60% to very senior residents in online mode.
Punjab National Bank
Punjab National Bank can be providing a rate of interest of as much as 8 % on FDs to senior-class clients. PNB is promising the most interest rate of 7.75% to senior citizens on 666 days in particular FDs, nonetheless, very senior citizens can avail rates of interest as much as 8.05%. PNB Uttam Non-Callable Fixed Deposit Scheme is providing the most rate of interest of seven.80% for senior citizens and 8.10% for very senior citizens for deposits above Rs 15 lakh.
Union Bank of India
Union Bank of India introduced a rise in interest on its fixed deposit scheme on 25 November 2022 last year. Union Bank of India is providing a rate of interest of 7.80 per cent on two particular schemes of 800 days and three years. On the opposite hand, clients falling within the tremendous senior class are being given the good thing of an 8.05 per cent rate of interest on the FD scheme.
