https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9020841
Karnataka bank is offering 7.6% and they have a special rate of interest for 555days.
Which bank has highest FD interest rate for senior citizens?
- 6248
- 84
-
- Last Comment
SBI offers 7.25% interest rate on senior citizen FDs :
1 year to less than 2 years - 7.25%
HDFC Bank offers 7.5% interest on senior citizen FDs
15 months to < 18 months 7.50%
ICICI Bank offers 7.5% interest on senior citizen FDs
Senior citizens will get an interest rate ranging from 3.5 to 7.50%* on FDs maturing in 7 days to 10 years.
Yes Bank offers 7.5% interest on senior citizen FDs
1 Year to < 20 months 7.50%
Kotak Mahindra offers 7.5% interest on senior citizen FDs
Senior citizens will get an interest rate ranging from 3.25% to 7.50% on FDs maturing in 7 days to 10 years. These rates are effective from 15 December 2022.
365 Days to 389 Days 7.25%
Expired
- Groups
-
Bank
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9020864
idfc giving 8%
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9020873
Equitas offering 8.75% but not sure about time duration. Please share.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9020926
N27 wrote:Equitas offering 8.75% but not sure about time duration. Please share.
Benefits:
- Idle funds can be used
- Best in class Interest Rates
- Attractive FD interest rates up to 8.50%* p.a. for Senior Citizens for 888 days
- Partial and Full Pre Mature** withdrawal allowed
- No Premature Withdrawal penalty for all FDs booked for Senior Citizens on or after 2nd December 2019 (Not applicable for grouping)
- No Penalty on premature withdrawal above 6 months
- Nomination facility available
- Interest frequency available – Reinvestment, Quarterly Payout, and Monthly*** Payout
Fixed Deposit Rates (amount less than Rs. 2 crore) Effective from: 14th December, 2022
Domestic FD Rates| Tenure | Interest rates for amount less than Rs 2 crores |
Annualised Yield |
|---|---|---|
| 7 - 14 days | 3.50% | 3.50% |
| 15 - 29 days | 3.50% | 3.50% |
| 30 - 45 days | 4.00% | 4.00% |
| 46 - 62 days | 4.25% | 4.25% |
| 63 - 90 days | 4.25% | 4.25% |
| 91 - 120 days | 5.00% | 5.00% |
| 121 - 180 days | 5.00% | 5.00% |
| 181 - 210 days | 6.00% | 6.09% |
| 211 - 270 days | 6.00% | 6.09% |
| 271 - 364 days | 6.00% | 6.09% |
| 1 year to 18 months | 7.50% | 7.71% |
| 18 months 1 day to 2 years | 7.25% | 7.45% |
| 2 years 1 day to 887 days | 7.75% | 7.98% |
| 888 days | 8.00% | 8.24% |
| 889 days to 3 years | 7.75% | 7.98% |
| 3 years 1 day to 4 years | 7.25% | 7.45% |
| 4 years 1 day to 5 years | 7.00% | 7.19% |
| 5 years 1 day to 10 years | 7.00% | 7.19% |
- TDS will be deducted as applicable
- Please check all terms and conditions applicable on FD/RD for premature withdrawal
- 0.50% extra for Senior Citizen rates (not applicable for NRE/NRO)
- Interest on NRE deposits will be payable only on completion of a minimum tenure of 1 year
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021182
DCB
8.35 % for 3 years with Effective Annualized yield of 9.38%
8.10% for 3 -5 Years with Effective Annualized yield of 9.86%
8.10% for 5-10 Years with Effective Annualized yield of 12.30%
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021256
Expand
Rosh_0007 wrote:Have one question. Do I need to have an account with Equitas to receive quarterly interest payout from FD? or is it possible to receive the payout in another bank's savings account like SBI?Benefits:
- Idle funds can be used
- Best in class Interest Rates
- Attractive FD interest rates up to 8.50%* p.a. for Senior Citizens for 888 days
- Partial and Full Pre Mature** withdrawal allowed
- No Premature Withdrawal penalty for all FDs booked for Senior Citizens on or after 2nd December 2019 (Not applicable for grouping)
- No Penalty on premature withdrawal above 6 months
- Nomination facility available
- Interest frequency available – Reinvestment, Quarterly Payout, and Monthly*** Payout
Fixed Deposit Rates (amount less than Rs. 2 crore) Effective from: 14th December, 2022
Domestic FD Rates
Tenure Interest rates for amount less than Rs 2 crores
Annualised Yield
7 - 14 days 3.50% 3.50% 15 - 29 days 3.50% 3.50% 30 - 45 days 4.00% 4.00% 46 - 62 days 4.25% 4.25% 63 - 90 days 4.25% 4.25% 91 - 120 days 5.00% 5.00% 121 - 180 days 5.00% 5.00% 181 - 210 days 6.00% 6.09% 211 - 270 days 6.00% 6.09% 271 - 364 days 6.00% 6.09% 1 year to 18 months 7.50% 7.71% 18 months 1 day to 2 years 7.25% 7.45% 2 years 1 day to 887 days 7.75% 7.98% 888 days 8.00% 8.24% 889 days to 3 years 7.75% 7.98% 3 years 1 day to 4 years 7.25% 7.45% 4 years 1 day to 5 years 7.00% 7.19% 5 years 1 day to 10 years 7.00% 7.19%
- TDS will be deducted as applicable
- Please check all terms and conditions applicable on FD/RD for premature withdrawal
- 0.50% extra for Senior Citizen rates (not applicable for NRE/NRO)
- Interest on NRE deposits will be payable only on completion of a minimum tenure of 1 year
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021316
Which is best between DCB vs equitas?
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021348
Expand
I think u can call cc for more information bro.
arkashit wrote:If you don't have a savings account and wish to open an FD in a bank where you don't hold an account, then you must submit documents like photo identity, address proof etc and complete your KYC. You will have to submit these documents along with a filled up and signed application form...
Have one question. Do I need to have an account with Equitas to receive quarterly interest payout from FD? or is it possible to receive the payout in another bank's savings account like SBI?
I think u can call cc for more information bro.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021603
UBI 8.05% 800 Days for All.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021605
UBI 8.05% 800 Days for All.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021654
Bandhan gives 8% as a full service non-SFB (if someone is concerned about not keeping in SFBs).
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021657
rajatindia wrote:DCB is not a SFB, also good financial results since last 2 quarters, so stable currently.Which is best between DCB vs equitas?
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021734
I think among the top banks, HDFC is giving at 7.75% interest.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021796
AU pays 8.25% for 2yrs 01 day term
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021888
@luciferofhell - Exactly what you wanted. 😄
Jab koi chiz sache mann se chaho to puri kaynat ussi milaneki koshish me jud jati hai 
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9021935
I feel it's better to invest in scss senior citizen savings scheme through a bank or post office. The interest rate is 8% and the tax deduction is allowed for a maximum interest income of up to ₹ 50,000
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022109
dnesam420 wrote:I feel it's better to invest in scss senior citizen savings scheme through a bank or post office. The interest rate is 8% and the tax deduction is allowed for a maximum interest income of up to ₹ 50,000
I don't think there's any tax for senior citizens
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022180
axis bank senior citizen 8.01% for 2 years.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022386
jennyllwilliams wrote:UBI 8.05% 800 Days for All.
Can you please share a screenshot of the rates ? I am unable to see any fd rate of 8.05% for 800 days on the bank website.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022458
Gulag-Survivor wrote:DCB
8.35 % for 3 years with Effective Annualized yield of 9.38%
8.10% for 3 -5 Years with Effective Annualized yield of 9.86%
8.10% for 5-10 Years with Effective Annualized yield of 12.30%
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022509
Expand
arkashit wrote:is it possible to do fd in this bank without opening an account, like only fd only? + @guest_999
Have one question. Do I need to have an account with Equitas to receive quarterly interest payout from FD? or is it possible to receive the payout in another bank's savings account like SBI?
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022536
MrKool_JJ wrote:Thanks JJ bhai ❤️@luciferofhell - Exactly what you wanted. 😄
Jab koi chiz sache mann se chaho to puri kaynat ussi milaneki koshish me jud jati hai
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022540
Expand
kukdookoo wrote:Depends on bank/branch but mostly they don't without opening an acc first.
is it possible to do fd in this bank without opening an account, like only fd only? + @guest_999
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022623
Expand
Inception4213 wrote:Can you please share a screenshot of the rates ? I am unable to see any fd rate of 8.05% for 800 days on the bank website.
I saw the Board in nearby branch.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022649
Expand
jennyllwilliams wrote:I saw the Board in nearby branch.
Ok, thanks
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022652
Expand
jennyllwilliams wrote:I saw the Board in nearby branch.
Ok, thanks
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022687
HDFC Bank offers 7.5% interest on senior citizen FDs
15 months to < 18 months 7.50%
HDFC seems to be giving 7.75% for 5-10 yrs for senior citizens.
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022689
RBL has 8.05
https://www.desidime.com/discussions/which-bank-has-highest-fd-interest-rate-for-senior-citizens?page=1#post_9022772
Click here to reply
Reply
@Rosh_0007
HDFC seems to be giving 7.75% for 5-10 yrs for senior citizens.
Benefits:
Fixed Deposit Rates (amount less than Rs. 2 crore) Effective from: 14th December, 2022
Domestic FD RatesInterest rates for amount less than Rs 2 crores
Annualised Yield