These banks offer FD interest rates of up to 9.1 per cent for senior citizens
Numerous small and private banks are offering returns exceeding 9 per cent on three-year FDs, tailor-made for senior citizens while ensuring the safety and security of their investments
HYDERABAD: If you are retired or a senior citizen looking for lucrative interest rates on your hard-earned money, many small finance banks are rolling out enticing offers, providing strong interest rates of up to 9.1 per cent on Fixed Deposits (FDs) for customers aged 60 and above.
Numerous small and private banks are offering returns exceeding 9 per cent on three-year FDs, tailor-made for senior citizens while ensuring the safety and security of their investments. Following is the list of small finance banks offering FD plans with higher interest rates.
Suryoday Small Finance Bank is offering a remarkable 9.1 per cent interest rate on three-year FDs exclusively for senior citizens. With an investment of Rs 1 lakh, one can reap Rs 1.31 lakh upon maturity.
Utkarsh Small Finance Bank extending an attractive 8.85 per cent interest rate to senior citizens on three-year FDs. An investment of Rs 1 lakh translates to a return of Rs 1.30 lakh.
Fincare Small Finance Bank is providing senior citizens with an 8.60 per cent interest rate. With an investment of Rs 1 lakh, one can yield a return of Rs 1.29 lakh.
DCB Bank is offering an enticing 8.50 per cent interest rate on three-year FDs for senior citizens. An investment of Rs 1 lakh leads to a return of Rs 1.29 lakh.
IndusInd Bank is extending an 8 per cent interest rate for senior citizens opting for a three-year FD. A Rs 1 lakh investment culminates in a maturity value of Rs 1.27 lakh after three years.