INSUBCONTINENT EXCLUSIVE:
Bandhan Bank offers FD interest rate of 8.05% in case of long tenure term depositsLarge commercial banks tend to pay a higher interest rates
to senior citizens on their fixed deposits (FDs)
The citizens above the age of 60 stand to earn a rate which is higher by 50 basis points, whereas some banks such as Bandhan Bank offers 75
rate of interest is 7.55 percent per annum, which surges further to 7.75 percent per annum
State Bank of India (SBI), on the other hand, offers relatively lower interest rates against Bandhan Bank's FD rates
two years7.15%Punjab National Bank (PNB)6 months to one year6.85%one year7.1%1-3 years7.25%HDFC Bank6 months five days to less than one
percent per annum on an FD of six month tenure to senior citizen depositors
The one-year tenure FD fetches an interest at the rate of 7.1 percent, while the long duration FD (longer than one year but less than three
tenure of six month five days to one year is 6.9 percent
The one year FD fetches an interest at the rate of 7.35 percent.Bank of Baroda Fixed Deposit (FD) ratesOn the fixed deposits (FDs) of tenure
six months to nine months, Bank of Baroda offers a rate of interest of 6.75 percent per annum to senior citizens
The nine month to less than one year tenure FDs, bank offers interest at the rate of 6.85 percent per annum
The one year FD fetches an interest rate of 7.1 percent per annum
financial corporations (NBFC) which offer as high as 9 percent per annum.
