Senior Citizen FD Interest Rates: These 5 banks are giving highest interest to senior citizens on FDs
Currently, many banks are providing very good interest rates on FDs. However, in this article, we will discuss the top five banks which provide the highest interest rate to senior citizens on FD.
Investing in a fixed deposit (FD) investment plan is the safest approach to maximise returns on investments, and elderly persons should receive higher interest rates on their FD assets for retirement.
Interest rates on FDs
Currently, many banks are providing very good interest rates on FDs. However, in this article, we will discuss the top five banks which provide the highest interest rate to senior citizens on FD.
1- SBM Bank India
SBM Bank is giving an 8.8 per cent interest on its FD to senior citizens.
This interest is being given to FDs maturing between 15 months to 18 months.
2- DCB Bank
DCB Bank is giving an 8.55 per cent interest on its FD to senior citizens.
This interest is being given to FDs maturing between 19 months to 20 months.
3- RBL Bank
RBL Bank is giving an 8.50 per cent interest on its FD to senior citizens.
This interest is being given to FDs maturing between 18 months to 2 years.
4- IDFC First Bank
IDFC First Bank is giving an 8.40 per cent interest on its FD to senior citizens.
This interest is being given to FDs maturing in 500 days.
5- Bandhan Bank
Bandhan Bank is giving an 8.35 per cent interest on its FD to senior citizens.
This interest is being given to FDs maturing in one year.