Top 4 Banks Offering Returns Up To 6.75% On 1 Year Fixed Deposits
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Jana Small Finance Bank
Jana Small Finance Bank is currently the only bank that is offering an interest rate up to 6.25% to the general public and 6.75% to senior citizens on a deposit of 1 year. The bank has last revised its interest rates on fixed deposits on 07.05.2021 which are as follows.
| Tenure | Regular FD Interest Rate (p.a.) | “Senior Citizen FD Interest Rate (p.a.) |
|---|---|---|
| 7-14 days | 2.50% | 3.00% |
| 15-60 days | 3.00% | 3.50% |
| 61-90 days | 3.75% | 4.25% |
| 91-180 days | 4.50% | 5.00% |
| 181-364 days | 5.50% | 6.00% |
| 1 Year[365 Days] | 6.25% | 6.75% |
| Source: Bank Website, Effective Date 07/05/2021 |
Ujjivan Small Finance Bank
Among the list of small finance banks, Ujjivan Small Finance Bank is now the second in our list that is offering an interest rate of 6.00% to regular customers and 6.50% to senior citizens on deposits amount of less than Rs 2 Cr maturing in 1 Year to 2 Years.
| Tenure | Regular FD Interest Rate (p.a.) | “Senior Citizen FD Interest Rate (p.a.) |
|---|---|---|
| 7 Days to 29 Days | 2.90% | 3.40% |
| 30 Days to 89 Days | 3.50% | 4.00% |
| 90 Days to 179 Days | 4.25% | 4.75% |
| 180 Days to 364 Days | 4.75% | 5.25% |
| 1 Year to 2 Years | 6.00% | 6.50% |
| Source: Bank website, with Effect from 16th August 2021 |
IndusInd Bank
Among the leading private sector banks, IndusInd Bank is the bank that is currently promising an interest rate of 6% to the general public and 6.50% to senior citizens on deposits of less than Rs 2 Cr maturing in 1 year to below 1 year 6 months. With effect from July 23rd, 2021 the bank is offering the following interest rates.
| Tenure | Regular FD Interest Rate in % (p.a.) | “Senior Citizen FD Interest Rate (p.a.) |
|---|---|---|
| 7 days to 14 days | 2.5 | 3 |
| 15 days to 30 days | 2.75 | 3.25 |
| 31 days to 45 days | 3 | 3.5 |
| 46 days to 60 days | 3.25 | 3.75 |
| 61 days to 90 days | 3.4 | 3.9 |
| 91 days to 120 days | 3.75 | 4.25 |
| 121 days to 180 days | 4.25 | 4.75 |
| 181 days to 210 days | 4.6 | 5.1 |
| 211 days to 269 days | 4.75 | 5.25 |
| 270 days to 354 days | 5.5 | 6 |
| 355 days to 364 days | 5.5 | 6 |
| 1 Year to below 1 Year 6 Months | 6 | 6.5 |
| Source: Bank website |
RBL Bank
After IndusInd Bank, RBL Bank is the only bank among the private-sector lenders that is also offering an interest rate of 6.00% to the general public and 6.50% to senior citizens on deposits of less than Rs 3 Cr maturing in 12 months to less than 24 months.
| Period of Deposit | Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
|---|---|---|
| 7 days to 14 days | 3.25% | 3.75% |
| 15 days to 45 days | 3.75% | 4.25% |
| 46 days to 90 days | 4.00% | 4.50% |
| 91 days to 180 days | 4.50% | 5.00% |
| 181 days to 240 days | 5.00% | 5.50% |
| 241 days to 364 days | 5.25% | 5.75% |
| 12 months to less than 24 months | 6.00% | 6.50% |
| Source: Bank Website, w.e.f. September 01, 2021 |
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