Senior Citizen Highest FD Interest Rates: There is good news for senior citizens. If you want to earn good interest by investing your money in a safe place, then some small finance banks are giving interest up to 8.8% on 3-year fixed deposits (FD). These rates are higher for senior citizens than for common citizens.
This news is very special for all senior citizens. There are some banks in the country which are offering interest rate up to 8.8% to the elderly (age 60 years or above) for a period of three years and on FD of more than Rs 3 crore. This is not the first time that many banks are giving better interest rates to senior citizens. Let us know the list of banks offering FD interest rate up to 8.8%.
Bank FD interest rate for senior citizens
According to the website of The Economic Times, Suryodaya Small Finance Bank is offering 8.8% interest rate on FD for a period of three years.
FD interest rate up to 8.75% for senior citizens
According to the website of The Economic Times, Utkarsh Small Finance Bank is offering an interest rate of 8.75% on FDs for a period of three years for senior citizens.
FD rate up to 8.5%
Unity Small Finance Bank is offering an interest rate of up to 8.5% on FDs for a period of three years.
FD rate up to 8.25%
Small Finance Bank is offering an interest rate of 8.25% on FDs for a period of three years. At the same time, Jan Small Finance Bank is offering an interest rate of 8.25% on FDs for a period of three years.
Public sector Union Bank of India has launched a special Fixed Deposit Scheme – ‘Union Wellness Deposit’. It is quite different from the traditional FD scheme, because in this you get health insurance cover along with interest. Special FD scheme of 375 days
According to the report of news agency PTI, this scheme is for 375 days and adults between 18 to 75 years can invest in it. The minimum investment amount in this scheme has been kept at ₹ 10 lakh. Union Bank is giving 6.75% interest on this FD.
If you are a senior citizen, then you will get an additional 0.50% interest in it. That is, this scheme is not only a safe investment option, but also provides the facility of health cover.
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