The private lender had revised its rate of interest as of February 5, 2021. DCB Bank is offering 4.25 percent for a term of 7-14 days, 4.80 percent for 15-45 days, 4.75 percent for 46-90 days, 5.50 percent for 91 days to 6 months, and 5.95 percent for 6-12 months. Senior citizens will also receive an additional 0.50 percent interest rate on their deposits for the duration.
Yes Bank
The bank has revised interest rates on its FD rates and the private lender is currently offering senior citizens 50 basis points higher on their deposits across all tenures. However, for tenors of three years and more, the bank is providing 75 basis points or 0.75 percent additional rates to the senior citizens when compared to general depositors/public.
IndusInd Bank
The bank revised its interest rates on term deposits on April 26. However, IndusInd Bank is currently offering its senior citizen’s depositors an additional 0.50 percent on their term deposits. They will accrue interest rates ranging from 3.25 to 7 percent for terms with maturity terms ranging from seven days to five years.
North East Small Finance Bank fixed deposit rates
This small finance bank is on top of our list as it offers an interest rate of up to 7.50% to senior citizens. On deposits maturing in 366 days to 729 days and 730 days to less than 1095 the bank offers an interest rate of 7.25% to senior citizens. Whereas on term deposits maturing in 777 days the offers the highest rate of 7.50% to senior citizens and 7.00% to the general public. These rates are effective from 27 January 2022.
366 – 729 Days – 7.25%
730 – 1095 Days – 7.25%
777 Days – 7.50%
1096 – 1825 Days – 7.00%
