FIXED DEPOSIT INTEREST RATES FOR SUPER SENIOR CITIZENS AND SENIORS HAVE RISEN TO 9.5%.

 

Several banks have raised their fixed deposit interest rates for both general and senior citizen depositors in recent months. SBI, HDFC Bank, Punjab National Bank, Yes Bank, and Unity Bank are the most recent banks to revise their interest rates. Here are the best rates available from these banks to senior and super-senior citizens.

Fixed Deposit Interest Rates at HDFC Bank for Senior and Super Senior Citizens.

Senior citizens can earn 7.75% interest on deposits held for 5 years and 1 day to 10 years at HDFC Bank. From the 21st of February 2023, this rate will apply to deposits of less than Rs 2 crore. This interest rate is available to anyone over the age of 60 (including super senior citizens over the age of 80). According to the bank, Senior Citizen rates do not apply to NRIs.

Fixed Deposit Interest Rates at Yes Bank for Senior and Super Senior Citizens.

Yes, Bank is offering 8.25% interest on 35-month deposits to senior citizens. Yes, Bank is offering 8% interest on deposits of less than Rs 2 crore to senior citizens for terms ranging from 15 months to 25 months and 35 months from 1 day to 36 months. These rates will be in effect beginning February 23rd, 2023. Yes Bank's revised FD interest rates are available to anyone over the age of 60 (including super senior citizens over the age of 80). According to the bank, Senior Citizen rates are only available for domestic deposits.

Fixed Deposit Interest Rates at Punjab National Bank (PNB) for Senior and Super Senior Citizens.

Senior citizens can earn 7.5% interest on deposits held for more than two years and up to three years at PNB. With effect from February 22nd, 2023, the PNB is offering 8.05% interest on 666-day deposits to super senior citizens.

Senior and Super Senior Citizen Fixed Deposit Interest Rates at Unity Bank.

Senior citizens can earn 9.5% interest on deposits of 1001 days at Unity Small Finance Bank. Unity Bank is offering 9.25% interest on deposits of 181-201 days and 501 days to senior citizens beginning February 15th, 2023. The Unity Bank's revised FD interest rates are available to anyone over the age of 60 (including super senior citizens over the age of 80).

Fixed Deposit Interest Rates at State Bank of India (SBI) for Senior and Super Senior Citizens.

Senior citizens can earn 7.5% interest on 5- to 10-year deposits at SBI. SBI is offering a 7.6% interest rate on a special Amrit Kalash deposit of 400 days to senior citizens from February 15th to March 31st, 2023. Individuals over the age of 60 (including super senior citizens over the age of 80) are eligible for the SBI's revised FD interest rates.