Bank FD New Update: If you are planning to invest in fixed deposit during the festive season, then many banks are offering high interest on FD for you. You can invest on FD of these banks.
Mid and small size private and small finance banks are offering special rates. This bank is offering interest ranging from 9.45 to 9.50 percent on fixed deposits.
Bank of Baroda has recently introduced a new rate. This bank has increased the deposit by 50 bps on deposits of less than Rs 2 crore. Apart from this, the bank has increased the interest on other tenures by around 1 percent. BOB is offering interest of 3 to 7.50 percent for tenure of 7 days to 10 years.
Whereas YES Bank, RBL Bank and DCB Bank are offering 7-8 percent interest on savings accounts. Apart from this, big banks are offering higher interest rates to customers on fixed deposits of 1 to 3 years during the festive season.
Unity Bank is offering 9.45 percent interest to senior citizens on fixed deposits of 701 days, whereas for common citizens, this bank is offering 8.95 percent interest for the same period.
HDFC Bank is offering 3 to 7 percent interest to the common people on fixed deposits of seven days to 10 years. Whereas for senior citizens this bank is giving interest ranging from 3.50 percent to 7.75 percent.
Bank of India is offering 7.25 percent interest for common people and 7.75 percent interest for senior citizens on tenure of 400 days.
