FD News– Great news for senior citizens. In fact, if you want to get tremendous returns on your FD, then today in this news we are going to tell you about the FD schemes of five such banks which are getting bumper interest.
Fixed Deposit (FD) is considered a safe investment. People invest in it for a long time without any worries. All banks offer slightly less interest to general citizens than to senior citizens.
If you are a senior citizen and want to earn more returns in FD as soon as possible, then this bank is giving you interest up to 8.25 percent on FD of just two years. Let us know which are those banks and how much interest you get.
IndusInd Bank-
IndusInd Bank is offering 8.25 percent interest to senior citizens on FDs maturing between one and two years.
DCB Bank-
DCB Bank offers 8.05 percent interest to senior citizens on FDs maturing between 700 days to less than 25 months.
Bank-
RBL Bank is offering 8 percent interest to senior citizens for FDs maturing in 24 months to less than 36 months.
IDFC Bank-
IDFC Bank is offering 8 percent interest to senior citizens for FDs maturing between one and two years.
Bandhan Bank-
For senior citizens, Bandhan Bank is offering 7.75 percent interest for FDs maturing in 2 years to less than 3 years.
What is FD?
This investment instrument is one of the most popular instruments offered by the bank. Fixed Deposit (FD) is considered a good and safe way to save money. It is very easy to open an FD in any bank and users can open an FD sitting at home simply through the bank’s mobile app.
Customers get fixed returns on FD. FD is also called term deposit. When the FD matures, you get it by adding the amount invested by you and the interest on it.
