Senior Citizen FD Rates: Senior citizens in the country get more benefits than others in all sectors. In such a situation, banks also give more benefits to senior citizens than to the common people. Are you also looking to maximize your savings?
Several small finance banks are coming up with attractive offers for customers aged 60 years and above, offering robust interest rates of up to 9.1 per cent on fixed deposits (FDs).
The interest rates available to senior citizens are very high. In a list released by Paisa Bazaar, information has been given about many small and private banks, which are offering more than 9% return on three-year FDs. This is exclusively for senior citizens only.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering a whopping 9.1 percent interest rate on three-year FDs exclusively for senior citizens. With an investment of Rs 1 lakh, you can get Rs 1.31 lakh on maturity.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering an attractive 8.85 percent interest rate on three-year FDs to senior citizens. An investment of Rs 1 lakh gives a return of Rs 1.30 lakh.
Fincare Small Finance Bank
Fincare Small Finance Bank is providing 8.60 percent interest rate to senior citizens. You can get a return of Rs 1.29 lakh on an investment of Rs 1 lakh.
DCB Bank
DCB Bank is offering an attractive interest rate of 8.50 percent on three-year FDs for senior citizens. An investment of Rs 1 lakh gives a return of Rs 1.29 lakh.
DCB Bank
IndusInd Bank is increasing the interest rate by 8 percent for senior citizens opting for three-year FDs. An investment of Rs 1 lakh ends up at a maturity value of Rs 1.27 lakh after three years.
Bank of Baroda and Punjab National Bank
Apart from this, banks from Bank of Baroda to Punjab National Bank also pay up to 7.55 percent interest on three-year FDs for senior citizens. Among public sector banks, it offers the best interest rates. If you invest in these banks also, then the investment of Rs 1 lakh will increase to Rs 1.25 lakh in three years.
