Here are the top 10 public sector banks based on our own research, that are currently offering the highest interest rates on recurring deposits to both regular and senior citizens.
Sr No. | Banks | Regular Interest rates | Senior Citizens | W.e.f. |
---|---|---|---|---|
1 | State Bank of India | 4.40% to 5.40% | 4.90% to 6.20% | 08.01.2021 |
2 | Bank of Baroda | 4.30% to 5.25% | 4.80% to 6.25% | 16.11.2020 |
3 | Union Bank of India | 4.40% to 5.50% | 4.90% to 6.00% | 01/09/2021 |
4 | Canara Bank | 4.40% to 5.25% | 4.90% to 5.75% | 09.08.2021 |
5 | Punjab National Bank | 4.40% to 5.25% | 4.90% to 5.75% | 01.08.2021 |
6 | Indian Bank | 4.00% to 5.25% | 4.50% to 5.75% | 05.11.2021 |
7 | Indian Overseas Bank | 4.90% to 5.20% | 5.40% to 5.70% | 09.11.2020 |
8 | Bank of India | 4.35% to 5.05% | 4.85% to 5.55% | 01.08.2021 |
9 | Punjab & Sind Bank | 4.45% to 5.30% | 4.95% to 5.50% | 16th September 2021 |
10 | Central Bank of India | 4.25% to 5.00% | 4.75% to 5.50% | 10.11.2021 |
According to our analysis, the top 10 private sector banks that are now providing the highest interest rates on recurring deposits to both normal and elderly customers are as follows.
Sr No. | Banks | Regular Interest rates | Senior Citizens | W.e.f. |
---|---|---|---|---|
1 | Yes Bank | 5.00% to 6.25% | 5.50% to 7.00% | 3rd November, 2021 |
2 | RBL Bank | 3.25% to 6.30% | 3.75% to 6.80% | September 01, 2021 |
3 | IndusInd Bank | 5.50% to 6.00% | 6.00% to 6.50% | July 23rd, 2021 |
4 | IDFC First Bank | 3.25% to 6.00% | 3.75% to 6.50% | November 23, 2021 |
5 | Axis Bank | 4.40% to 5.75% | 4.65% to 6.50% | 10.11.2021 |
6 | DCB Bank | 5.25% to 5.95% | 5.75% to 6.45% | 22nd November, 2021 |
7 | ICICI Bank | 3.50% to 5.60% | 4.00% to 6.30% | 04.12.2021 |
8 | HDFC Bank | 3.50% to 5.50% | 4.00% to 6.00% | Dec 01, 2021 |
9 | IDBI Bank | 5.05% to 5.25% | 5.55% to 5.75% | August 16, 2021 |
10 | Bandhan Bank | 4.50% to 5.00% | 5.25% to 5.75% | June 7, 2021 |