Know how much government banks are giving interest rate to senior citizens
RBI has just increased the repo rate, after which many private banks including the government have increased the interest rates of their fixed deposits. Senior citizens get the benefit of slightly higher interest rates than non-senior citizens. Let us know that on the basis of 22 February 2023, government banks are giving the benefit of interest rates to senior citizens.
Bank of India
The bank is offering the benefit of 7.25% interest rate to senior citizens on fixed deposits of 5 years and above.
Bank of Baroda
This bank is giving the benefit of 6.9% interest rate to senior citizens on tenure of 3 to 5 years, which will be applicable on fixed deposits of less than 2 crores. On the other hand, the benefit of 7.15% interest is available on non-callable deposits on tenure of 3 to 5 years.
Canara Bank
The bank is giving the benefit of 7% interest rate to senior citizens on 5 years fixed deposit.
Bank of Maharashtra
The bank is offering the benefit of 6.25% interest rate to senior citizens on fixed deposits of 5 years and above.
Indian Bank
Bank is giving the benefit of 7% interest rate to senior citizens on 5 years tenure which will be applicable on fixed deposits of less than Rs 2 crore.
Union Bank of India
The bank is giving the benefit of 7.2% interest rate to senior citizens on fixed deposits of 5 to 10 years.
State Bank of India
The bank is giving the benefit of 7.5% interest rate to senior citizens on 5 years fixed deposit.
UCO Bank
The bank is offering 6.6% interest rate to senior citizens on Fixed Deposits of 5 years and above.
Indian Overseas Bank
The bank is giving the benefit of 7% interest rate to senior citizens on 5 years fixed deposit.
pnb
The bank is giving the benefit of 7% interest rates to senior citizens on 5-year Fixed Deposits.
Punjab & Sind Bank
The bank is offering senior citizens the benefit of 6.75% interest rate on 5-year tax saver Fixed Deposits.
Central Bank of India
The bank is giving the benefit of 6.92% interest rate to senior citizens on fixed deposits ranging from 5 years to 10 years.
