Another private sector bank has changed the fixed deposit interest rates (FD Rates). On investing less than Rs 3 crore, ordinary citizens are getting interest ranging from 2.90% to 6.60%. Whereas the interest rate for senior citizens ranges from 3.40% to 7.10%. Customers can invest from 7 days to 10 years.

official website According to this, the new interest rates are effective from January 14. The bank is offering the benefit of additional interest rate only to resident senior citizens. 0.50% extra interest is being given for investment to people above 60 years of age. The bank is offering more than 5% interest on investments of more than 180 days. However, the interest rates for senior citizens are more than 6%.

For how many days’ tenure will you get more returns?

The bank is offering the highest return on a tenure of 2 years. General citizens are getting 6.60% return on it and senior citizens are getting 7.10% return on it. The bank is offering 6.35% interest on 1 year investment to general citizens. The interest rate for senior citizens is 6.85%. Investing for more than 2 years and less than 5 years will give 6.20% return. The interest rate for senior citizens will be 50 bps higher.

How much interest will be given on tax saver FD?

The bank is also offering an FD scheme named “Tax Gain”. In which the benefit of tax exemption is available. On investing for 5 years, general citizens are getting 5.70% return and senior citizens are getting 6.20% return. Keep in mind that banks keep changing interest rates from time to time. Therefore, it is advisable to visit the official website or nearest branches before investing.

FD tenure and interest rate

• 7 days to 30 days – 2.90%


• 31 to 90 days – 3.50%


• 91 to 99 days – 4.50%


• 100 to 180 days – 4.80%


• 181 days to 270 days – 5.50%


• From 271 days to less than 1 year – 5.90%


• 1 year- 6.35%


• More than 1 year and less than 2 years – 5.90%


• 2 years- 6.60%


• More than 2 years and less than 5 years – 6.20%


• From 5 years to less than 66 months – 5.70%


• 66 Months (Green Deposit) – 6%


• Above 66 months and up to 10 years – 5.70%


• 5 years (tax gain) – 5.70%