Senior Citizen FD Interest Rates: These 5 banks are giving the highest interest to senior citizens on FDs
Banks offer slightly higher interest rates on fixed deposits (FDs) to senior citizens compared to non-senior citizens. FDs are popular among senior citizens since in old age, they need income from investment options which can give them guaranteed returns and fixed income. Since FDs are not market-linked, senior citizens opt them as they are risk-free investment options. In this write-up, know about the banks offering the highest interest rate to senior citizens on FDs.
DCB Bank is giving a 8.1 per cent interest on its FD to senior citizens. This interest is being given on FDs maturing between 26 months to 37 months. Photo: PTI/Representational