Fixed deposit (FD) is the most popular investment medium in India, especially among senior citizens. But before investing in them, you should know about the interest rates of FD. Today we are going to tell you through the news that in March, many banks including DCB Bank, Punjab & Sindh Bank and AU Small Finance Bank have changed the interest rates of fixed deposits (FD).
DCB Bank is now providing interest rates ranging from 3.75% to 8% on FD amount of less than Rs 3 crore for ordinary citizens for a period of 7 days to 10 years. The bank provides interest rate between 4.25% to 8.50% for senior citizens. The highest FD interest rates are given for 8% and 8.5% (for senior citizens) for a period of 15 months to less than 16 months.
After the change, Punjab & Sindh Bank is now providing an interest rate between 4% to 7.45% on FD amounting to less than Rs 3 crore for general citizens for a period of 7 days to 10 years. The bank provides interest rate from 4% to 7.95% for senior citizens. The highest interest rate of 7.45% and 7.95% (senior citizens) is given at a period of 555 days.
After the change, AU Small Finance Bank now provides an interest rate between 3.75% to 8% on FD amounting less than Rs 3 crore for a period of 7 days to 10 years for ordinary citizens. The bank provides interest rate between 4.25% to 8.05% for senior citizens. The highest interest rate is given at a period of 8% and 8.5% (senior citizen) on a period of 18 months.
