New Delhi. Senior citizens have the biggest strength in their savings, so they look for a way of investing where they can get guaranteed and good returns. For most senior citizens, fixed deposits or FDs are the best way of investment. Generally, Small Finance Banks offer higher interest rates on FDs than big government and private banks. Here we are going to tell you about some Small Finance Banks which offer more than 9% interest rates on FDs to senior citizens.
Equitas Small Finance Bank
Equitas Small Finance Bank offers FD interest rates ranging from 4% to 9% for tenures between 7 days to 10 years to general customers. The highest interest rate of 9% is being offered on FDs maturing in 444 days. Senior citizens get 0.50% more than the rates offered to general investors. These rates are applicable from August 21, 2023.
Fincare Small Finance Bank
Fincare Small Finance Bank is offering FD interest rates ranging from 3.60 per cent to 9.21 per cent for senior citizens for tenures between 7 days to 10 years. The highest interest rate of 9.21 per cent is being offered on FDs maturing in 750 days. These rates are applicable from October 28, 2023.
Jana Small Finance Bank
Jana Small Finance Bank is offering interest rates ranging from 3.50 per cent to 9 per cent for senior citizens for tenures between 7 days and 10 years. The highest interest rate of 9 per cent is offered on FDs maturing in 365 days. These rates are applicable from January 2, 2024.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering interest rates ranging from 4.50 per cent to 9.10 per cent to senior citizens for tenures between 7 days and 10 years. The highest interest rate of 9.10 per cent is offered on FDs maturing in 2 years and 2 days. These rates are applicable from December 22, 2023.
Unity Small Finance Bank
For senior citizens, Unity Small Finance Bank is offering FD interest rates ranging from 4.50% to 9.50% for maturity periods between 7 days to 10 years. The highest interest rate of 9% is offered on FDs maturing in 1001 days. These rates are applicable from February 2, 2024.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering interest rates ranging from 4.60 per cent to 9.10 per cent for senior citizens for tenures between 7 days to 10 years. The highest interest rate of 9.10 per cent is offered on FDs maturing between 2 years to three years. These rates are applicable from August 21, 2023.
Tags: Bank FD, FD Rates, Fixed deposits, Senior Citizens
FIRST PUBLISHED : February 25, 2024, 19:36 IST