Senior Citizen FD Interest Rate: Usually, small finance banks offer higher interest rates on deposits than major banks. Jana Small Finance Bank is offering 8.25% interest rate to senior citizens on FDs ranging from 1 year to 3 years.
Senior Citizen FD Interest Rate: Senior citizens often get higher interest on FDs than normal citizens. A large number of senior citizens in India invest in FDs, as it is considered a traditional and safe investment option. However, interest rates on FDs have come down after the fall in the repo rate. The Reserve Bank of India has cut its main interest rate by 1% this year. So let’s know which banks are giving the highest interest on FDs to senior citizens.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering 8.15 percent interest rate to senior citizens on FDs of 2 to 3 years. The bank is offering 7.65 percent interest rate to general citizens on this FD.
Jana Small Finance Bank
Jan Small Finance Bank is offering 8.25 percent interest rate to senior citizens on FDs of 1 to 3 years. Whereas, general citizens are getting 7.75 percent interest rate.
Unity Small Finance Bank
Unity Small Finance Bank is offering an interest rate of 7.75 per cent to general citizens and 8.25 per cent to senior citizens on 1001 day FD.
ESAF Small Finance Bank
ESAF Small Finance Bank is offering 7.60 per cent interest rate to general citizens and 8.10 per cent interest rate to senior citizens on 444 days FD.
Slice Small Finance Bank
Slice Small Finance Bank is offering 8.50% interest rate to senior citizens on FDs of 18 months 1 day to 18 months 2 days. General citizens are also getting the same interest rate.
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