In the last few years, there has been a huge jump in the number of people investing in FD, while banks have also given full support to their customers. In this episode, many banks offer good returns on their FD schemes. Now in the month of September, Bank of India has launched a special FD scheme for its customers, on which high interest rate is being given. This fixed deposit scheme has been launched for amounts less than INR 3 crore.
Interest rates on FD revised
Apart from this, the interest rates of many FD schemes have also been revised, which have become effective from September 1, 2024. After the revision of FD interest rates, Bank of India will offer interest rates from 3% to 7.25% for a period of 7 days to 10 years on deposits less than INR 3 crore for general citizens.
Highest interest on Star Dhan Vriddhi Special FD
Bank of India has launched Star Dhan Vriddhi Special Fixed Deposit Scheme, which matures in 333 days. Under this FD scheme, general citizens can avail an interest rate of 7.25%, while senior citizens are being offered 7.75% interest. Apart from this, the highest return of 7.90% is being given to super senior citizens on this FD.
Now senior citizens will get this much return
After the amendment in the fixed deposit interest rates, now senior citizens will get interest of 3 percent to 7.75% on FD schemes, while Bank of India is offering interest rates ranging from 3 percent to 7.90% to super senior citizens.
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UBI FD is getting this much return
Apart from this, Union Bank of India is giving the highest interest rate of up to 7.40% per annum on the fixed deposit scheme which is completed in 333 days. At the same time, customers above 60 years of age can get fixed deposit interest rates up to 0.50% per annum and Super Senior Citizens are offering 0.75% higher interest rate.