These 4 banks are giving more interest on FD, only these people can take advantage

FD Rates: Investors have got many investment options in modern times, but due to increase in RBI Repo Rate several times, people are investing more in bank FDs. Due to the high increase in the interest rates of bank FDs (Fixed Deposit Interest Rate), more interest is being given on fixed deposits than many government schemes. Here is information about four such banks, which are offering you more interest on FD.

These four banks are giving more interest to senior citizens as well as super senior citizens. People above 60 years of age are classified as senior citizens and those above 80 years of age are classified as super senior citizens. These people are being given interest up to 8.30 percent on Fixed Deposit (FD Rates).

RBL Bank FD

The bank is giving 50 percent more interest to senior citizens than common citizens on fixed deposit interest, which is up to 8.30 percent. While this bank is giving 0.75 percent extra interest to super senior citizens. That is, 80 years old people can take interest of up to 8.45 percent.

Indian Bank FD

This bank is offering 0.75 percent more interest to Super Senior Citizens on fixed deposits. This bank is giving 0.50 percent more interest to senior citizens.

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Union Bank of India

This bank is giving 8.05 percent interest to super seniors on fixed deposits. This interest is being given on FDs ranging from 800 days to 3 years. These interest rates are effective from December 1, 2022.

Punjab National Bank

Talking about this bank, this bank is giving 0.80% extra interest to super seniors on fixed deposits. PNB is giving interest of up to 8.10 percent to super senior citizens on tenure of 666 days. These rates are applicable from 12 December. This interest rate on five-year FD is giving 0.50 percent interest to senior citizens.

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Time Deposit: This post office scheme will give more returns than fixed deposit, tax exemption will also be beneficial