Utility News: This bank is giving interest to senior citizens by pressing on FD, you can also take advantage
You have money and you are thinking that how to earn double the money from this money, then you need to invest this money. All you have to do is deposit your money in the form of a fixed deposit in the bank and after that, your money will earn you as interest.
Yes, South Indian Bank is currently allowing senior citizens to increase or double their money by increasing the interest rates on Fixed Deposits. In such a situation, if you are also a senior citizen, then you should not miss this opportunity. South Indian Bank is now offering an interest rate of 6.50 percent on FDs ranging from 1 year 2 days to less than 30 months.
At the same time, the bank is now paying interest at the rate of 7.00 percent on deposits of 30 months. The bank will give 6.50% on deposits with a maturity of more than 30 months to less than 5 years and 6% on FDs with a maturity of 5 years to 10 years and 7.50% on bank fixed deposits for senior citizens. Paying interest at the rate.