reserve Bank of India (RBI) This year has cut the repo rate twice. RBI also reduced the repo rate in April after February. Due to this decision of RBI, on one hand, banks made loan interest rates cheaper, on the other hand, banks also cut the interest given on FD. However, many banks are still giving tremendous interest to their customers on FDs. Today we will tell you about those banks who are offering bumper interest of up to 8.25 percent to senior citizens on 1 year FD.
These banks are giving the highest interest to senior citizens on 1 year FD
- Bandhan Bank of Private Sector is paying 8.25 percent interest to senior citizens above 60 years of age on FDs of 1 year.
- IndusInd Bank of Hinduja Group is paying 8.00 percent interest to senior citizens on FDs of 1 year duration.
- RBL Bank of private sector is also offering 8.00 percent interest to senior citizens on FDs of 1 year duration.
- Apart from these, Tamil Nadu Mercantile Bank is paying 7.75 percent interest to senior citizens on FD of 1 year duration.
How much interest SBI, PNB, HDFC Bank are paying interest
Let us tell you that these banks are giving the highest interest to senior citizens on FDs of 1 year duration. Talking about State Bank of India, the country’s largest government bank is giving interest of 7.20 percent to senior citizens on 1 year FD. Apart from this, Punjab National Bank is also giving interest of 7.20 percent to senior citizens on 1 year FD. Whereas, senior citizens are offering interest of bank of Baroda 7.30 percent, ICICI Bank 7.20 percent, HDFs Bank 7.10 percent on 1 year FD.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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