These 7 private banks are giving interest from 6 to 7% on FD, check everyone’s latest rate here

FD rates have started increasing due to increase in repo rate. FDs get the benefit of repo rate while retail loans become expensive. According to experts, there is an advantage in taking a short-term FD because first of all, its rates increase, later for the long-term FD.

After the increase in the repo rate, fixed deposit is becoming the favorite investment of the people. repo rate (Repo RateWhere loans like home loans or personal loans become expensive due to increase in fixed deposit rate of (FD Rates) increases. With this, those investing in FD earn more. Right now the phase of increasing FD rate is going on. In such a situation, experts suggest that the investor should invest money in short-term FDs first and then in long-term fixed deposits. The reason for this is that first of all the rate of short-term FD increases. Then comes the turn of fixed deposits of longer duration.

In this situation, it is important for us to know where more interest is being received on short-term FDs. Senior citizens are getting the maximum benefit in this and they are getting bumper interest on FDs of 1 to 2 years. Let us know which bank is giving how much interest to senior citizens.

1-RBL Bank

On June 8, RBL Bank has changed the rates of FD. Rates of FDs of less than Rs 2 crore with tenure of 1 to 2 years have been increased. Senior citizens are getting 6.75 percent interest on the deposit amount for this period. 6.75 percent interest is being given on FDs of 12 months to less than 15 months, 7.15 percent on FDs of 15 months and 6.75 percent to senior citizens on FDs of 15 months 1 day to 24 months.

2-DCB Bank

DCB Bank has changed the FD rate on May 21, 2022. This bank is giving 6.50 percent to 7 percent interest on FDs of 1 to 2 years. 6.50 percent on FDs of 12 months, 6.25% on FDs of 12 months to less than 15 months, 6.60 percent on FDs of 15 months to less than 18 months, 7% on FDs of less than 18 months to 700 days and 700 days 7 percent interest is also being given on FD of more than Rs. The FD amount should be less than Rs 2 crore.

3-bandhan bank

Bandhan Bank has changed the FD rate with effect from May 4, 2022. Senior citizens are being given 6.50 percent interest on FDs of 1 to 2 years. On FDs from 1 year to 18 months, 6.50 percent is being given to senior citizens and the same interest is being given on FDs from 18 months to 2 years.

4-IDFC Bank

IDFC Bank has changed the FD rate with effect from May 23, 2022. Senior citizens are being given 6% interest on FDs of 1 to 2 years. On term deposits and recurring deposits maturing in 1 to 2 years, 6.50 percent interest is being given to senior citizens on deposits of less than 2 crores.

5-IndusInd Bank

IndusInd Bank has changed the FD rate with effect from June 1, 2022. The rate has been changed for deposits of less than 2 crores. 6.50 percent interest is being given on FDs ranging from 1 year to less than 2 years and 7 percent interest is being given on FDs of 2 years to 2 years and less than 6 months.

6-Yes Bank

Yes Bank has changed the rate from June 6, 2022 on FDs of less than Rs 2 crore. 6.25% interest is being given to senior citizens on deposits of 1 year and 6.50 percent on FDs of 1 year, 1 day and 3 years.

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7-Kotak Mahindra Bank

Kotak Mahindra Bank has changed the FD rate on May 6, 2022. This bank is giving interest ranging from 5.90 percent to 6.10 percent to senior citizens on FDs of 1 to 2 years. 5.90 percent interest is being given on FDs of 365 days to 389 days, 6 percent on FDs of 12 months 25 days to less than 23 months and 6.10 percent on FDs of 23 months to less than 2 years.