To control the rising inflation across the country, the Reserve Bank of India has increased the repo rate. After increasing the repo rate, most of the banks in the country have changed the interest they get on their savings and fixed deposits.
The common people are getting more profit from the increased interest rate. Senior citizens get more interest on fixed deposits than common people. Almost all the banks in the country give more interest to senior citizens than the general account holder. Recently, after the increase in the repo rate by the RBI, most of the banks in the country have increased the FD interest rates. Senior citizens have benefited the most from this. Today in this article we are going to tell you about four such banks which are giving 8.25 percent interest to senior citizens on 2-year FD. If you or you have a senior citizen in your house, then you can collect a good amount by depositing a lump sum.
IndusInd Bank had changed its FD rates on August 12. The bank is giving interest from 7.50 to senior citizens on FDs of less than two crores and FDs of less than 1 year 7 months to 2 years.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering 8.25% interest on FDs of 2 years and 730 days to senior citizens. Let us tell you that Utkarsh Small Finance Bank is offering the highest rate of interest to senior citizens.
Bandhan Bank had changed its FD rate on 22nd August. The bank is giving an interest of 7.50 percent to senior citizens on FDs maturing in more than 18 months but less than 2 years.
Jana Small Finance Bank
Jana Small Finance Bank is offering 8.05 percent interest to senior citizens on FDs maturing in 1 to 2 years. These new rates were implemented by the bank from 15 June 2022. Note that the benefit of the new rates is being given on an amount less than Rs 2 crore.