Several small finance banks and new private banks are offering interest rates of up to 7.5 percent on three-year FDs for senior citizens as per data compiled by BankBazaar.
Senior citizens can invest a part of their savings in these fixed deposits in order to get maximum returns.
Here's the 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 rates of 7.50 percent on three-year FDs for senior citizens. That means a sum of Rs 1 lakh invested grows 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. Rs 1 lakh invested grows to Rs 1.25 lakh in three years.
AU Small Finance Bank
This bank offers 7.25 percent interest in three-year FDs for senior citizens. Rs 1 lakh invested grows to Rs 1.24 lakh in three years.
READ | Bank Holiday Alert! Banks to remain closed for 4 days next week, check complete citywise list
Bandhan Bank, IndusInd Bank, Yes Bank and Equitas Small Finance Bank
These offer 7 percent interest in three-year FDs for senior citizens. Rs 1 lakh invested grows to Rs 1.23 lakh in three years.
RBL Bank
It offers 6.80 percent interest on three-year FDs for senior citizens. Rs 1 lakh invested grows to Rs 1.22 lakh in three years.
DCB Bank
The bank offers 6.75 percent on three-year FDs for senior citizens. Rs 1 lakh invested grows to Rs 1.22 lakh in three years.
IDFC First Bank
The offers 6.50 percent on three-year FDs for senior citizens. Rs 1 lakh invested grows to Rs 1.21 lakh in three years.
