Interest increased in every category of FD, relief to senior citizens

New Delhi: These days the rate of bank FD is springing up. After the continuous increase in the repo rate, banks have also increased their interest rates. Senior citizens have got relief from FD interest reaching 8 percent. Let us tell you that this is the first time after 3 years when senior citizen FD rates of most banks have gone above eight percent.

Landslides in Karnprayag and landslides from hills increased the concern of local residents

In about three years, senior citizens are getting returns of 8% and above on Fixed Deposits. People are running around the banks to review the interest of their existing FDs. Back-to-back repo rate hikes by RBI have finally brought relief to senior citizens who are dependent on interest for their survival.