Sunday , November 24 2024

Highest FD Interest Rates for Senior Citizens: These 5 banks are offering highest interest on FDs to senior citizens | News India


Highest FD Interest Rates for Senior Citizens: The business of all small finance banks operating in India is growing continuously. Compared to commercial banks, small finance banks are giving more interest on FDs to their customers. This is the reason why now people are actively opening FD accounts in these small finance banks along with banks. Here we will talk about those small finance banks which give the highest interest on fixed deposits to senior citizens. Let us tell you that senior citizens are given 0.5 percent more interest on FD than general customers. But there is also a small finance bank which is giving 0.6 percent more interest to senior citizens than general customers.

Jana Small Finance Bank

Jana Small Finance Bank offers the highest interest rate of 8.75% to senior citizens on FD schemes with tenures of 365 days, 730 days, and 1095 days.

Equitas Small Finance Bank

Equitas Small Finance Bank offers the highest interest rate of 9.00% to senior citizens on FD scheme with tenure of 444 days.

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank offers 0.6 percent more interest on FD schemes to senior citizens than general customers. This bank offers the highest interest rate of 9.10% to senior citizens on FD schemes with tenures ranging from 730 days to 1095 days and 1500 days.

Suryodaya Small Finance Bank

Suryoday Small Finance Bank offers the highest interest rate of 9.10% to senior citizens on fixed deposit schemes with tenures ranging from 2 year and 1 day to 3 years.

Unity Small Finance Bank

Unity Small Finance Bank offers the highest interest rate of 9.50% to senior citizens on 1001 days tenure FD scheme.