5 banks that are giving highest interest to senior citizens on FDs

ZeeBiz Desk Jul 16,2024

Investing in a fixed deposit (FD) investment plan is the safest approach to maximise returns on investments.

Elderly persons should receive higher interest rates on their FD assets for retirement.

Here are the top five banks which provide the highest interest rate to senior citizens on FD.

1) SBM Bank India

[{"selector":"#anim-679d9513-e246-43d9-8dac-da71f2bb2582 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.9492238960989858%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-387f111f-cae5-4c84-985c-7d3ccce89b35","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-bd2cde04-31d5-4eec-a89d-bd1e8f7c392d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-c3bbe645-7181-415d-b6e5-883ec22214c3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.1285014781668115%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-04bfe57e-4641-48cd-9674-2479c4d42392","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-84c076dc-0077-4dab-8ad8-d50a9b17969e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-cc2a22a1-7f8b-4911-891b-24048db320d2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.1157401834010936%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e9dfdd09-0969-4b99-bb12-f66c996f319c","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-6ea3cf47-7c99-4698-a6d7-dca67e4092e6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-62cb3de0-b922-428a-b0aa-2135fa85da0e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-4.6716880849338756%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ecd50bfe-c3a2-4e1f-9703-d6aaac0f1a07","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-edf91909-59a8-47e6-9ec3-8440d1531390","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-6605e747-d971-40ed-b7fa-7ade12f2e01b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.698212079521053%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d887d910-7d01-4917-b352-4fc54f98b24f","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-6be7e62c-62aa-497f-95fa-e74f4cd1753e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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.