According to the bank’s website, senior citizens will get an additional 50 basis points on the applicable card rates for any domestic deposit maturity of less than Rs 2 crore.
the bank increased FD interest rate From 6.15% by 30 basis points (bps) to 6.45% for a tenure of 5-10 years for senior citizens.
According to the website, “Additional interest rate of 50 bps on card rates applicable to senior citizens of 60 years and up to 80 years for tenures up to 5 years and 80 bps on domestic deposits for tenures above 5 years will get. 2 crores less than Rs. In case of staff members as well as retired staff members who are also senior citizens, the maximum interest rate on the applicable card rate will be 150 bps for tenures up to 5 years and 180 bps for tenures above 5 years.
“In addition, super senior citizens above the age of 80 years will get an additional interest rate of 80 bps over the applicable card rate across all maturity buckets. In case of staff members as well as retired staff members who are also super senior citizens, the maximum interest rate on the applicable card rate shall be 180 bps higher than the applicable card rate across all maturity buckets,” according to the website.