Fixed Deposit (FDS) is the most popular investment method 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 now provides an interest rate between 3.75% to 8% on FD amount of less than Rs 3 crore for a period of 7 days to 10 years for ordinary citizens. For senior citizens, the bank provides interest rate between 4.25% to 8.50%. The highest FD interest rate of 8% and 8.5% (senior citizen) is given on a period of 15 months to less than 16 months.
After the change, Punjab and Sindh Bank now offers an interest rate between 4% to 7.45% for ordinary citizens on a call worth less than Rs 3 crore for a period of 7 days to 10 years. For senior citizens, the bank provides interest rate between 4% to 7.95%. The highest interest rate of 7.45% and 7.95% (senior citizens) is given at a period of 555 days.
After the change, the AU Small Finance Bank now provides an interest rate between 3.75% to 8% on the FD amount of less than Rs 3 crore for ordinary citizens for general citizens. For senior citizens, the bank provides interest rate between 4.25% to 8.05%. The highest interest rate of 8% and 8.5% (senior citizens) is given on a period of 18 months.
