Senior citizen FD rates: Looking to maximize your savings as a senior citizen? Many small finance banks are rolling out enticing offers, providing strong interest rates of up to 9.1 percent on Fixed Deposits (FDs) for customers aged 60 and above.
Senior Citizen Fixed Deposit Rates: A comprehensive list compiled by Paisa Bazaar highlights numerous small and private banks that are offering returns exceeding 9% on three-year FDs, specially tailored for senior citizens. Here's a rundown of these banks and their offerings:
Suryoday Small Finance Bank: Offering a remarkable 9.1 percent interest rate on three-year FDs exclusively for senior citizens. With an investment of Rs 1 lakh, you can reap Rs 1.31 lakh upon maturity.
Utkarsh Small Finance Bank: Extending an attractive 8.85 percent interest rate to senior citizens on three-year FDs. An investment of Rs 1 lakh translates to a return of Rs 1.30 lakh.
Fincare Small Finance Bank: Providing senior citizens an 8.60 percent interest rate. With an investment of Rs 1 lakh, you can yield a return of Rs 1.29 lakh.
DCB Bank: Offering an enticing 8.50 percent interest rate on three-year FDs for senior citizens. A Rs 1 lakh investment leads to a return of Rs 1.29 lakh.
IndusInd Bank: Extending an 8 percent interest rate for senior citizens opting for a three-year FD. A Rs 1 lakh investment culminates in a maturity value of Rs 1.27 lakh after three years.
These banks are providing lucrative opportunities for senior citizens to boost their earnings while ensuring the safety and security of their investments.
Read more: LIC Aadhaar Shila: Invest Rs 87 per day and get Rs 11 lakh at maturity
