Senior Citizens FD Rates: In the recent past, after the reduction in repo rate, there has been a decrease in the interest rates of FD. However, some banks are still giving interest up to 8.25 percent on FD to senior citizens. The good thing about this is that you can earn this interest in just 1 year. Let’s know which banks are giving this interest.
1- Bandhan Bank
This bank is giving the highest interest on one-year FD for senior citizens, which is up to 8.25%.
2- IndusInd Bank
IndusInd Bank is giving a great return of 8 percent to senior citizens on one-year FD.
3- RBL Bank
RBL Bank is offering 8 percent interest on one-year FD for senior citizens.
4- Tamil Nadu Mercantile Bank
This bank is popular in small towns, which is giving 7.75 percent interest to senior citizens.
Why is this option good?
Money is safe in FD, so this option is very good for senior citizens. At the same time, regular income is also maintained from FD. This interest rate is being given for only one year, so you are getting good returns in a very short period.
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