Sunday , November 24 2024

Bumper returns up to 9.5%, these banks are giving the highest interest to senior citizens | News India


Business 8 JPG

Reserve Bank of India Governor Shaktikanta Das had recently said that the deposits in banks are decreasing. Common investors in the country are now investing money in schemes like mutual funds with risk. But there is no doubt that even today a large section of the country trusts bank FD for the safest and most reliable investment.

Almost all banks across the country give higher interest on FD i.e. fixed deposit to senior citizens than to general customers. Small finance banks are far ahead of the regular banks of the country in terms of giving higher interest on FD to customers. Here we will know about those banks which give the highest interest on FD to senior citizens.

North East Small Finance Bank

This bank offers 9.50% interest to senior citizens on fixed deposits with tenure ranging from 546 days to 1111 days.

Unity Small Finance Bank

Unity Small Finance Bank offers 9.50% interest to senior citizens on FDs with tenure of 1001 days.

Suryodaya Small Finance Bank

Suryoday Small Finance Bank offers 9.10% interest to senior citizens on FDs with tenures of 2 years to 3 years.

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank offers 9.10% interest to senior citizens on FDs with tenures ranging from 730 days to 1095 days and 1500 days.

Equitas Small Finance Bank

Equitas Small Finance Bank offers 9.00% interest to senior citizens on FDs with tenure of 444 days.

Jana Small Finance Bank

Jana Small Finance Bank offers 8.75% interest to senior citizens on FDs with tenures of 365 days, 730 days and 1095 days.