The bank is offering general public with interest at a rate of 4.00 percent to 8.60 percent, and senior citizens at a rate of 4.50 percent to 9.10 percent.
When it comes to investing in India, bank fixed deposits (FDs) continue to be the most popular investment option. The fixed deposit (FD) interest rates have been rising since May 2022. Not only salaried class, or senior citizens, even millennials are in investing in term deposits. Watch Business Today s Visual Story on the latest FD rates and best schemes available.
Several banks have revised their interest rates and are offering attractive inflation-beating fixed deposit rates. Senior citizens are offered a wide range of benefits under FD schemes, besides the additional 0.50 per cent interest rate that most banks offer. Watch Business Today s to look at some of the best FD schemes currently available for senior citizens.
From May 5, the highest interest rate the bank is offering is 9.10 per cent on fixed deposits of 5 years for general customers. Senior citizens can now earn 9.60 per cent interest on the same scheme.