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According to data compiled by BankBazaar, several small finance banks and new private banks are offering interest rates of up to 7.5 per cent on three-year FDs for senior citizens.

Senior citizens can invest a part of their savings in these fixed deposits to get maximum returns.

Here is a list of banks that offer the best interest rates on three-year FDs for senior citizens.

Suryoday Small Finance Bank

Among small finance banks, this bank offers the best interest rate of 7.50 per cent on three-year FDs for senior citizens. That is, an investment of Rs 1 lakh increases to Rs 1.25 lakh in three years.

Ujjivan Small Finance Bank

It offers 7.40 percent interest in three-year FDs for senior citizens. The investment of Rs 1 lakh grew to Rs 1.25 lakh in three years.

AU Small Finance Bank

This bank gives 7.25 percent interest in three years FD for senior citizens. The investment of Rs 1 lakh grew to Rs 1.24 lakh in three years.

 

Bandhan Bank, IndusInd Bank, Yes Bank and Equitas Small Finance Bank

They offer 7 per cent interest on three-year FDs for senior citizens. The investment of Rs 1 lakh grew to Rs 1.23 lakh in three years.

RBL Bank

It offers 6.80 per cent interest on three-year FDs for senior citizens. The investment of Rs 1 lakh grew to Rs 1.22 lakh in three years.

DCB Bank

The bank offers 6.75 per cent on three-year FDs for senior citizens. The investment of Rs 1 lakh grew to Rs 1.22 lakh in three years.

IDFC First Bank

For senior citizens, there is an offer of 6.50 percent on a three-year FD. The investment of Rs 1 lakh grew to Rs 1.21 lakh in three years.

Source