FD Rates: RBL Bank has now fixed the maximum FD rate for senior citizens at 8.05%.
RBL Bank has increased the Fixed Deposit (FD) rates with effect from 25 November. RBL Bank has now set a maximum rate of 8.05% for senior citizens. The maximum FD rate for non-senior citizens remains at 7.55% for tenures of 453 to 459 days, 460 to 724 days and 725 days. However, for Super Senior Citizens, the rates remain at 8.30% for the same tenure.
At the same time, a rate of 7.50 per cent has been fixed for senior citizens for a period of 365 to 452 days and 726 days to 24 months. Whereas similarly for non-senior citizens the FD rate is 7% for the same tenure.
For senior citizens, 6.75% returns xc will be given on FDs with a tenure of more than 60 months. Whereas for non-senior citizens, FD will get a return of 6.25%. On the other hand, super-senior citizens will get 7% return. The bank allows you to start FDs with tenures ranging from 7 days to 240 months.
FD Rates of Bajaj Finance Ltd.
Apart from this, on Tuesday, Bajaj Finance Limited (Non-Banking Finance Company- NBFC) has introduced a new 39-month FD scheme for senior citizens with a rate of 7.85%. And for non-senior citizens, the FD rate for a tenure of 39 months is 7.60%. However, for senior citizens the highest rate has been fixed at 7.95% for 44 months.
The highest FD rate for non-senior citizens is 7.70% for the same tenure (44 months). At the same time, 6.80% interest will be available on FD of 12 to 23 months. While 15 months special FD will get 6.95% (for non-senior citizens) interest. On the other hand, 12-23 months FD for senior citizens will fetch 7.05% interest, while 15 months special FD will fetch 7.20% (for senior citizens). The company allows you to start FDs with tenures ranging from 12 to 60 months.
On the other hand, Union Bank of India is offering interest rates ranging from 3.00 per cent to 6.70 per cent on FDs of less than Rs 2 crore to its general customers.
