Interest Rates: Investing in FD is considered the best and safest investment. This is the most preferred investment option for senior citizens. SBI, ICICI Bank, HDFC Bank and other big banks give 50 basis points more interest to senior citizens than normal customers.
Some Small Finance Banks (SFBs) offer higher interest rates to senior citizens. Bumper interest rate is being paid by Fincare, Equitas, North East, ESAF, Suryodaya and Unity Small Finance Bank on World Senior Citizen Day (21 August). Let us know about the attractive FD interest rate offered by these banks-
)
Equitas Small Finance Bank offers 9% interest on 444 days FD for senior citizens. These interest rates have been made effective from 21 August 2023 by the bank. You can also take advantage of the attractive interest rate offered by the bank.
)
ESAF Small Finance Bank is paying 9% interest on FDs from 2 years to 3 years. According to the bank’s website, these rates have been made effective from 14 April 2023.
)
Interest is being paid at the rate of 9, 9.43, 9.21 respectively on Fincare Small Finance Bank FDs maturing in 500, 750 and 1000 days. There is an interest of 9.15% for senior citizens on FDs maturing in 36 months 1 day to 42 months. Rates are effective from 26 July 2023.
)
Jana Small Finance Bank is offering an attractive interest of 9% on FDs maturing in 1095 days. These rates have been made effective from 15 August 2023 by the bank.
)
North East Small Finance Bank is guaranteeing 9.25% interest rate on FDs maturing in 555 and 1111 days. According to the bank’s website, these rates are effective from 6 June 2023. Both the interest rates are being given by the bank under the special scheme.
)
Suryoday Small Finance Bank offers a discount of 9% and above on FDs maturing in 2 and 3 years. These interest rates have been made effective from 7 August 2023. There is 9% interest on FDs ranging from 15 months to 2 years. Similarly, there is an interest of 9.10% on deposits from 2 years to 3 years.
)
Unity Small Finance Bank is offering 9.25 and 9.50% interest rates on FDs of select tenures. These rates have been made effective from 11 August 2023. Interest is available on FDs of 6 months to 201 days at 9.25%, 9.25% on FDs of 501 days and 9.50% on FDs of 1001 days.
