ICICI, J&K, Bandhan, Among Five Banks Revise FD Rates This Week: Know What Senior Citizens Are Offered

ICICI Bank, J&K Bank, Bandhan Bank, Central Bank of India, and CSB Bank have revised their fixed deposit (FD) rates during the week ending on August 10, 2024. Here are the details.

ICICI Bank:

The ICICI bank revised its FD rates on August 10, 2024. It offers senior citizens an additional 0.50 per cent across tenures except for 15-month to less than 18-month FDs, which provides 0.55 per cent. Here are the interest rates for seniors:

• 6.25 per cent for 185 to 270 days
• 6.50 per cent for 271 days to less than one year
• 7.20 per cent for one year to less than 15 months
• 7.80 per cent for 15 months to less than 18 months
• 7.75 per cent for 18 months to two years
• 7.50 per cent for two years one day to five years
• 7.40 per cent for five years one day to 10 years.

The bank revised FD rates for 15-month to less than 18-month tenures. Earlier, it offered seniors 7.75 per cent for this duration. Currently, the highest rate for this tenure is 7.80 per cent. Also Read: What Is Mukhyamantri Vayoshri Yojana? All You Need To Know

J&K Bank:

It revised the rates on August 11, 2024. It hiked the FD rates for 91 days to 180 days by 0.50 basis points to 6.00 per cent and three years to less than five years by 0.25 basis points to 7.00 per cent. The bank offers the highest 7.50 per cent. Here are the rates for seniors after revision:

• 6.00 per cent for 91 days to 180 days
• 6.75 per cent for 181 days to less than one year
• 7.50 per cent for one year to less than three years
• 7.25 per cent for three years to less than five years
• 7.00 per cent for five years to 10 years.

These rates include 0.50 per cent additional rates available for seniors.

Bandhan Bank:

The bank revised FD rates on August 7, 2024, and offers seniors the highest 8.50 per cent. It offers:

• 5.25 per cent for six months to less than one year
• 7.75 per cent for one year to less than one year nine months
• 8.50 per cent for one year nine months
• 7.75 per cent for one year nine months one day to less than five years
• 6.60 per cent for five years to up to 10 years.

Central Bank Of India:

This public sector bank offers a maximum of 7.50 per cent to seniors. It revised FD rates on August 10. Here are the revised rates for seniors:

• 6.75 per cent for 180 days to 364 days
• 7.35 per cent for one year to less than two years
• 7.50 per cent for two years to less than three years
• 7.25 per cent for three years to less than five years
• 7.00 per cent for five years and above up to 10 years.

For its special term deposits, the rates for seniors are:

• 7.95 per cent for 444days
• 7.75 per cent for 555 days
• 7.65 per cent for 777 days (Cent Garima Deposit)
• 7.00 per cent for 999 days
• 7.75 per cent for 1111 days (Cent Green Deposit)
• 7.50 per cent for 2222 days (Cent Green Deposit)
• 7.75 per cent for 3333 days (Cent Green Deposit).

Also Read: Senior Citizens’ Inflation Expectation Is Higher Than Overall, Shows RBI Survey; How It Affects Spending Decisions, Corpus?

CSB Bank:

The bank revised its rates on August 3, 2024. The highest rate for senior citizens is 7.75 per cent the bank offers. Here is what it provides:

• 4.75 per cent for 192 days to less than one year
• 5.50 per cent for one year
• 6.00 per cent for above one year to 400 days
• 7.75 per cent for 401 days
• 6.00 per cent for above 401 days to two years
• 6.25 per cent for above two years to less than 750 days
• 7.10 per cent for 750 days
• 6.25 per cent for above 750 days to five years
• 6.50 per cent for above five years to less than seven years
• 7.00 per cent for seven years
• 6.50 per cent for above seven years to 10 years.

All the banks' FD rates are for fixed deposits of less than Rs 3 crore.