FD Rates for Senior Citizen: A good news has come out for senior citizens. Many banks are offering high interest on FD schemes to senior citizens. If you want to invest in FD, then these banks are giving the highest interest. Let us know the names and interest rates of the banks in the news below…
After increasing the interest rates on fixed deposits for a long time, many banks have started reducing them. But there are many small finance banks which are offering inflation beating interest rates to senior citizens (Senior Citizen FD Scheme). In July, the country’s inflation rate had increased to 7.44 percent (Inflation in India). In such a situation, senior citizens are getting 9 to 9.50 percent interest rate on FD scheme in these banks. Let us tell you in which banks you will get higher returns by investing money.
1. Unity Small Finance Bank
Unity Small Finance Bank is offering interest rates ranging from 4.50 percent to 9.50 percent to senior citizen customers on FDs of 7 days to 10 years. The bank is offering the highest interest rate of 9.50 percent on FD of 1001 days. Whereas general customers are getting the benefit of interest rates ranging from 4.50 percent to 9.00 percent.
2. Fincare Small Finance Bank
Like Unity Small Finance Bank, Fincare Small Finance Bank is also offering strong returns on its FD scheme to senior citizens. The bank is offering interest rates ranging from 3.60 percent to 9.11 percent on FDs of 7 days to 10 years. The highest interest rate i.e. 9.11 percent is being offered to senior citizens on FD of 750 days.
3. Jana Small Finance Bank
Jana Small Finance Bank is offering interest rates ranging from 3.50 percent to 9.00 percent on FDs of 7 days to 10 years. The bank is offering the highest interest rate i.e. 9 percent return to senior citizens on FD of 2 to 3 years.
4. Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering senior citizens excellent interest rates on FD schemes which are capable of beating inflation. The bank is offering interest rates ranging from 4.50 percent to 9.10 percent on FDs of 7 days to 10 years. The maximum interest rate is being given by the bank only on FD of 15 months to 2 years.
5. ESAF Small Finance Bank
ESAF Small Finance Bank is also offering interest rates ranging from 4.50 percent to 9.50 percent on FDs of 7 days to 10 years. The highest interest rate i.e. 9 percent return is being offered by the bank for a period of 2 to 3 years.
