9 percent interest on FD: Investing in bank fixed deposits is considered the best and safest option. For many years, this has been the most preferred investment option for senior citizens. Because in this they get extra interest.
New Delhi. Bank FD is considered the best option for investors looking for a better investment option. If you are also planning to make a fixed deposit in a bank, then we are telling you about some special banks. These banks are offering more than 9-9 percent interest on FD. Although this interest rate is for senior citizens. Banks give 50 basis points more interest to senior citizens than normal customers.
SBI, ICICI Bank, HDFC Bank and many other top lenders are giving more interest to senior citizens than common customers on bank fixed deposits. Like top banks, Small Finance Banks (SFBs) also offer higher interest rates on FDs to senior citizens. This includes small finance banks like Jana Small Finance Bank, Fincare, Equitas, North East, ESAF, Suryoday and Unity.
Equitas Small Finance Bank
Equitas Small Finance Bank offers 9% interest on FDs for 444 days to senior citizens. These rates are effective from 21 August 2023.
ESAF Small Finance Bank
(ESAF Small Finance Bank) Senior Citizens is paying interest at the rate of 9 percent on fixed deposits ranging from 2 years to less than 3 years. According to the bank’s website, these rates are effective from 14 April 2023.
Fincare Small Finance Bank
Talking about Fincare Small Finance Bank, it is providing 9.11 percent interest rates on deposits maturing in 750 days. These rates are effective from 26 July 2023.
Jana Small Finance Bank
Jana Small Finance Bank is offering senior citizens an attractive interest rate of 9% on deposits maturing in 1095 days. These bank rates have become effective from 15 August 2023.
North East Small Finance Bank
North East Small Finance Bank is guaranteeing an interest rate of 9.25 per cent on FD Rates maturing in 555 days and 1111 days. According to the bank’s website, these rates have become effective from June 6, 2023.
Suryoday Small Finance Bank
If we talk about Suryoday Small Finance Bank, then this bank is giving 9% and above interest on deposits maturing in 2 and 3 years. These bank rates are effective from 7 August 2023. There is an interest benefit of 9% on FDs ranging from 15 months to 2 years and 9.10% for periods ranging from 2 years to 3 years.
Unity Small Finance Bank
Unity Small Finance Bank is offering 9.25 per cent and 9.50 per cent interest rates on certain tenures. These rates have become effective from 11 August 2023. Senior citizens get 9.25 percent interest on FDs of 6 months to 201 days, 9.25 percent on FDs of 501 days and 9.50 percent interest on FDs of 1001 days.
