These private banks are giving the highest interest on FD to senior citizens, this is a great opportunity for investment.

Senior Citizen FD: Fixed deposits have been a very popular investment instrument for investors who care about the safety of their money. If the investor is a senior citizen (for individuals aged 60 years and above), he gets even more benefits. In FD, senior citizens are offered 0.25% to 0.50% more interest than the common customers. If you are also a senior citizen and want to make a fixed deposit, then at present there are many private banks which are offering very attractive interest rates. Let us understand some such special offers here to help you in taking investment decision.

Bandhan Bank

Offers interest rates up to 8.55% for senior citizens. You can get FD at interest rates of 8.55% for a tenure of 1 year, 7.75% and 6.60% for 3 years and 5 years respectively.

DCB Bank

DCB Bank is also giving interest up to 8.55% on FD. If you make FD for 1 year, you will get 7.60% interest, while for 3 years you will get 8.05% and for 5 years you will get 7.90% interest rate.

SBM Bank

SBM Bank is offering FD for senior citizens at a maximum interest rate of 8.75%. In this bank you will get 7.55% interest for a period of 1 year, 7.80% for 3 years and 8.25% for 5 years.

RBL Bank

RBL Bank is also offering a maximum interest rate of 8.60% to senior citizens. According to Paisabazaar, if you make FD in this bank for a period of 1 year and 3 years, then the interest rate is 8.00%, while the interest rate for 5 years is 7.60%.

IndusInd Bank

IndusInd Bank is also offering a maximum interest rate of 8.25% for senior citizens. Even for a period of 1 year, 8.25% interest is applicable, while 3 year and 5 year FDs get 7.75% interest.

yes bank

In Yes Bank, you can get FD at a maximum interest rate of 8.25%. The interest rate for 1 year is 7.75%, while 8% interest rate is being offered on FD of 3 years and 5 years.

Tamil Nadu Mercantile Bank

This private sector bank is offering FD at a maximum rate of 8.25%. In this, 7.50% interest is being given on 1 year FD. The rate is 7% for tenures of 3 years and 5 years.

IDFC First Bank

IDFC First Bank offers a maximum interest rate of 8.25% to senior citizens. The rate is 7.00% for a tenure of 1 year, while the interest rate for 3 years and 5 years is 7.30% and 7.25% respectively.