Which bank gives 9.5 interest on FD for senior citizens?
Unity Small Finance Bank FD rates for general customers
It offers interest rates between 4.5% to 9% for regular consumers. Senior citizens get an interest rate ranging from 4.5% to 9.5% on deposits maturing in seven days to ten years. The deposit interest rate stands revised from 3 February 2024.
Unity Small Finance Bank FD rates for general customers
It offers interest rates between 4.5% to 9% for regular consumers. Senior citizens get an interest rate ranging from 4.5% to 9.5% on deposits maturing in seven days to ten years. The deposit interest rate stands revised from 3 February 2024.
Among private sector banks, SBM Bank India provides best interest rate with 8.75 per cent on an FD for three years. DCB Bank provides 8.60 per cent for 25 months to 26 month FDs. RBL Bank follows with 8.60 per cent for 18 months to 2 years.
At Unity Small Finance Bank, senior citizens can get up to 9.50 per cent on FDs of 1,001 days. The bank revised rates on February 2, 2024. It provides 9.25 per cent to senior citizens for more than six months to 201-day FDs.
SBI offers FD interest rates of 3.50%-7.10% p.a. to the general public and 4.00%-7.60% p.a. to senior citizens for tenures ranging from 7 days to 10 years.
Highest FD interest rates in small finance banks
Unity Small Finance Bank is offering a 9% interest rate for FDs maturing in 1001 days. Suryoday Small Finance Bank is offering an interest rate of 8.65% for FDs maturing in two years and two days.
A credit card APR below 10% is definitely good, but you may have to go to a local bank or credit union to find it. The Federal Reserve tracks credit card interest rates, and an APR below the average would also be considered good.
Senior citizen fixed deposit (FDs) are term deposit plans with exceptional interest rates available to individuals over the age of 60. Apart from the additional 0.40% p.a. rate of interest, these fixed deposit accounts offer a wide range of benefits to older residents.
Union Bank of India senior citizen FD rates: Latest rates
Super senior citizens (individuals aged above 80 years) however, get an additional interest rate of 0.75% on any tenure of FDs. The highest FD interest rate offered to super senior citizens is 8% on deposits maturing in 399 days.
HDFC Bank offers FD rates of 3.00-7.25% p.a. to the general public and 3.50-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The bank also offers Tax Saving FDs @ 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors for the tenures of 5 years.
Which bank gives 8.5 interest rate?
| Small Finance Bank | Interest p.a. (%) | Duration |
|---|---|---|
| Equitas Small Finance Bank | 8.5 | 444 days |
| Utkarsh Small Bank | 9.10* | 2-3 years |
| Jana Small Finance Bank | 9.0* | 2-3 years |
| Ujivan Small Finance Bank | 8.25 | 560 days |
| Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) |
|---|---|---|
| RBL Bank | 8.10 | 7.50 |
| AU Small Finance Bank | 8.00 | 6.50 |
| Fincare Small Finance Bank | 8.00 | 6.50 |
| DCB Bank | 8.00 | 7.15 |
Which bank gives the highest interest rate on FD? As of 2024, Canara Bank offers the highest interest rate of 7.25% for 444 days.
| Bank/NBFC/HFC | Non-Senior Citizen (p.a.) | Monthly Interest Payout |
|---|---|---|
| Jana Small Finance Bank | 7.25% | ₹ 6,458 |
| Kotak Mahindra Bank | 6.20% | ₹ 5,208 |
| SBI | 6.50% | ₹ 6,250 |
| AU Small Finance Bank | 7.25% | ₹ 6,458 |
| Investment Amount | For 3 years with interest of 6.75% | For 5 years with interest of 6.5% |
|---|---|---|
| ₹ 50,000 | ₹ 61,188 | ₹ 69,141 |
| ₹ 1 lakh | ₹ 1,22,377 | ₹ 1,38,282 |
| ₹ 2 lakh | ₹ 2,44,753 | ₹ 2,76,563 |
| ₹ 5 lakh | ₹ 6,11,883 | ₹ 6,91,409 |
| Deposit Amount | Interest Rate (p.a.) | Monthly Interest Payout |
|---|---|---|
| Rs. 5 lakh | 7.50% | Rs. 3,125 |
| Rs. 5 lakh | 8.00% | Rs. 3,333 |
| Rs. 5 lakh | 8.50% | Rs. 3,541 |
| Rs. 5 lakh | 9.00% | Rs. 3,750 |
- Evergreen Bank Group – 5.25% APY.
- CFG Bank – 5.25% APY.
- Upgrade – 5.21% APY.
- EverBank – 5.15% APY.
- RBMAX – 5.15% APY.
- Bread Savings – 5.15% APY.
- Popular Direct – 5.15% APY.
- Western State Bank – 5.15% APY.
- Northern Bank Direct – 5.60% APY.
- Apple Federal Credit Union – 5.40% APY.
- NexBank – 5.40% APY.
- CIBC Agility – 5.36% APY.
- TotalDirectBank – 5.35% APY.
- CFG Bank – 5.31% APY.
- Rising Bank – 5.31% APY.
- First Internet Bank – 5.31% APY.
In general, the higher your credit score, the lower the rate will be. Individuals with excellent credit, which is defined as any FICO credit score between 720 and 850, should expect to find personal loan interest rates at about 9% to 13%, and many of these individuals may even qualify for lower rates.
According to Rachel Sanborn Lawrence, advisory services director and certified financial planner at Ellevest, you should feel OK about taking on purposeful debt that's below 10% APR, and even better if it's below 5% APR.
Is 9.49 interest rate good?
Yes, 9.49% is a good personal loan rate for people with good credit. Applicants with a credit score of 660+ could qualify for a personal loan with a 9.49% APR if they choose the right lender and have enough income to afford the loan.
| Borrower credit rating | Score range | Estimated APR |
|---|---|---|
| Excellent | 720-850. | 12.64% |
| Good | 690-719. | 14.84% |
| Fair | 630-689. | 18.69%. |
| Bad | 300-629. | 21.74%. |
| Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) |
|---|---|---|
| AU Small Finance Bank | 8.00 | 6.50 |
| Fincare Small Finance Bank | 8.00 | 6.50 |
| DCB Bank | 8.00 | 7.15 |
| IDFC First Bank | 8.00 | 6.50 |
Currently, FD interest rates of scheduled banks range from 2.50% p.a. to 9.01% p.a. for regular depositors for tenures ranging from 7 days to 10 years. Small Finance Banks and NBFCs offer the highest FD interest rates. Following them are PSU Banks and large Private Sector Banks.
| Company Name | Credit Rating | Interest Rates (% p.a.) |
|---|---|---|
| Muthoot Capital Services Limited | CRISIL-A+/Stable | 8.07 |
| ICICI Home Finance | CRISIL-AAA/Stable ICRA-AAA/Stable CARE-AAA/Stable | 7.65 |
| Bajaj Finance Limited | CRISIL-AAA/Stable ICRA-AAA/Stable | 8.05 |
| LIC Housing Finance Ltd. | CRISIL-AAA/Stable | 7.75 |
