Business News

Yes Bank and DCB Bank offer 7% interest on 3-year FDs for senior citizens

Spread the love

Small finance banks have diminished the loan costs on three-year fixed deposits (FDs) for senior residents by 30-100 premise focuses. For example, Suryoday Small Finance Bank has diminished loan costs on three-year FDs for senior residents to 6.50 percent from 7.50 percent prior. Likewise, Equitas Small Finance Bank cut down rates to 6.85 percent from 7.15 percent.

With the falling loan fees, there are still a few banks that offer appealing rates on three-year FDs for senior residents. More modest private and small finance banks will in general top the rate chart on fixed deposit rates, given the opposition they face in earning stores.

As per information ordered by BankBazaar, more modest private banks are offering loan costs of up to 7 percent on three-year FDs for senior residents. These are higher contrasted with those offered by driving private and public area banks. For example, Yes Bank, DCB Bank and IndusInd Bank offer 7% on three-year FDs for senior residents.

Driving private banks, for example, Axis Bank and Kotak Mahindra Bank offer 5.9 percent and 5.6 percent premium individually on three-year FDs. ICICI Bank and HDFC Bank offer 5.65 percent premium on three-year FDs for senior residents.

The loan costs offered by small finance banks are higher contrasted with driving private banks. Ujjivan Small Finance Bank offers 7.25 percent on three-year FDs for senior residents, trailed by Equitas Small Finance Bank offering 6.85 percent premium on three-year FDs.

NEWS SOURCE

READ MORE: Non-life insurers see 13.8% premium growth in Q1

Recent Posts

As Ola’s Bhavish Aggarwal Faces Criticism, Zomato’s Deepinder Goyal Receives Praise for PR Savvy

The contrasting public images of two prominent Indian startup founders, Zomato's Deepinder Goyal and Ola's…

2 months ago

Singham Again Trailer Launch: What to Expect

The excitement is palpable as Ajay Devgn and director Rohit Shetty gear up for the…

2 months ago

Hardik Pandya Impresses with No-Look Ramp Shot and All-Round Performance in India’s First T20I Win Against Bangladesh

Hardik Pandya showcased his prowess as an allrounder in T20 cricket, contributing significantly with a…

2 months ago

New Haryanvi Song “Bahu Chaudhariya Ki” Launched by Aman Jaji and Pranjal Dahiya

HR Beat Production has unveiled its latest Haryanvi hit, "Bahu Chaudhariya Ki," featuring artists Aman…

2 months ago

Apple’s iPhone 16 Pro Max: Improved Battery Life and Camera Features, but Missing Key AI Updates

Apple's highly anticipated iPhone 16 series is set to launch on Friday, with the flagship…

2 months ago

Music Director Vipin Reshammiya, Father of Himesh Reshammiya, Passes Away at 87

Vipin Reshammiya, father of Himesh Reshammiya, has passed away at the age of 87. He…

2 months ago

This website uses cookies.