Senior citizens often seek investment options that offer high interest rates along with safety for their funds. Recently, several banks have announced attractive fixed deposit (FD) interest rates for senior citizens, exceeding 8%.
List of Banks Offering High FD Rates for Senior Citizens
- Yes Bank: Offering a maximum interest rate of 8.25% on FDs for senior citizens.
- Bandhan Bank: Provides an interest rate of 8.35% for customers aged over 60 years.
- Ujjivan Small Finance Bank: Offers a high interest rate of 8.75% for senior citizen customers.
- Suryoday Small Finance Bank: Attractive interest rate of 9.6% for senior citizen customers.
- Jana Small Finance Bank: Offering an interest rate of 9.00% on FDs for senior citizens.
- ESAF Small Finance Bank: Provides a 9% interest rate for its senior citizen customers.
- Utkarsh Small Finance Bank: Offers an interest rate of 8.6% on FD schemes for customers over 60 years.
- Unity Small Finance Bank: Senior citizens can avail an FD scheme with a 9.5% interest rate.
Federal Bank’s Recent Announcement
- Federal Bank has recently announced a maximum interest rate of 8.40% for senior citizens, highlighting the competitive interest rates available in the market.
Additional Information
- These interest rates are particularly beneficial for senior citizens looking for safe and high-return investment avenues.
- The interest rates mentioned are subject to change and may vary based on the bank’s policies and economic factors.
InConclusion
The attractive FD rates offered by these banks provide senior citizens with lucrative investment opportunities, ensuring both safety and good returns on their savings. These rates are competitive and cater to the financial needs and security requirements of the elderly population.