FD Rates: The banks are offering more benefits to senior citizens. Several banks are coming up with attractive offers for customers aged 60 years and above, offering robust interest rates of up to 9.1 per cent on fixed deposits (FDs).
Banks are offering higher interest rates to senior citizens. In a list released by Paisa Bazaar, information has been given about many small and private banks, which are offering more than 9% return on three-year FDs. The offer is exclusively for senior citizens. Here are details of banks which are providing higher interest rates:
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Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering an attractive 8.85 per cent interest rate on the duration of 3-year FDs to senior citizens. You can get a return of Rs 1.30 lakh on the investment of Rs 1 lakh.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering a 9.1 per cent interest rate to senior citizens on three-year FDs. You can get Rs 1.31 lakh on maturity on an investment of Rs 1 lakh.
Fincare Small Finance Bank
Fincare Small Finance Bank is providing 8.60 percent interest rate to senior citizens. You can get a return of Rs 1.29 lakh on an investment of Rs 1 lakh.
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DCB Bank
DCB Bank is offering an attractive interest rate of 8.50 percent on three-year FDs for senior citizens. An investment of Rs 1 lakh gives a return of Rs 1.29 lakh.
IndusInd Bank
IndusInd Bank is increasing the interest rate by 8 percent for senior citizens opting for three-year FDs. An investment of Rs 1 lakh ends up at a maturity value of Rs 1.27 lakh after three years.
Bank of Baroda and Punjab National Bank
Besides this, banks from Bank of Baroda to Punjab National Bank also pay up to 7.55 percent interest on three-year FDs for senior citizens. Among public sector banks, it offers the best interest rates. If you invest in these banks also, then the investment of Rs 1 lakh will increase to Rs 1.25 lakh in three years.
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