Mounted Deposit charges for senior residents: Senior residents looking for profitable funding choices can profit from engaging mounted deposit (FD) rates of interest provided by each private and non-private sector banks. They’ll earn as much as 8.1% curiosity on three-year FDs, with this charge relevant for deposits as much as Rs 2 crore. Senior residents seeking to make investments ought to reap the benefits of the present high-interest charges out there.
As per an ET report, listed here are the best FD rates of interest for senior residents over three years provided by totally different banks:
1. DCB Financial institution
Affords 8.1% rate of interest on FDs maturing between 26 months and fewer than 37 months for senior residents.
2. RBL Financial institution
Gives 8% rate of interest on FDs maturing between 24 months sooner or later and 36 months for senior residents.
3. YES Financial institution
Affords an 8% rate of interest on FDs maturing between 36 months and fewer than 60 months for senior residents.
4. Bandhan Financial institution
Gives an rate of interest of seven.75% on FDs maturing between three years and fewer than 5 years for senior residents.
5. Financial institution of Baroda
Affords an rate of interest of seven.75% on FDs maturing between greater than two years and as much as three years for senior residents.
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6. IDFC Financial institution
Gives an rate of interest of seven.75% on FDs maturing between two years sooner or later and three years for senior residents.
7. IndusInd Financial institution
Affords an rate of interest of seven.75% on FDs maturing between two years 9 months and three years three months for senior residents.

Supply: From Paisabazaar.com as of April 7, 2024, cited by ET
8. Axis Financial institution
Gives an rate of interest of seven.6% on FDs maturing between three years and fewer than 5 years for senior residents.
9. Kotak Mahindra Financial institution
Affords an rate of interest of seven.6% on FDs maturing in three years for senior residents.
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10. Punjab Nationwide Financial institution
Gives an rate of interest of seven.5% on FDs maturing between greater than two years and as much as three years for senior residents.
11. HDFC Financial institution
Affords an rate of interest of seven.5% on FDs maturing between two years 11 months sooner or later and three years for senior residents.
12. ICICI Financial institution
Gives an rate of interest of seven.5% on FDs maturing between greater than two years and three years for senior residents.
It is vital to notice that the curiosity earned on three-year FDs is taxable for all taxpayers. Moreover, banks will deduct tax at supply (TDS) if the curiosity exceeds a sure threshold.