Investment in Fixed Deposit: Senior Citizens can get 8.1% high FD interest rates; Check the List of Banks Here
Public and private sector banks offer excellent fixed deposit (FD) interest rates to senior citizens who are looking for profitable investment possibilities. Senior citizens on 3 year Fixed deposit can earn upto 8.1% interest on the deposit value up to Rs.2 crore. Seniors who want to invest should benefit from the market’s present high-interest rates.
The highest Fixed Deposit interest rates offered by various banks for senior citizens over three years, list are given below:
1. YES Bank
Senior citizens who have FDs maturing between 36 months and less than 60 months might receive an interest rate of 8% from Yes Bank.
2. RBL Bank
For senior citizens, RBL Bank offers FDs maturing in terms ranging from 24 months to 36 months at an interest rate of 8%.
3. DCB Bank
For senior citizens, DCB Bank offers an interest rate of 8.1% on FDs with maturities of less than 37 months and between 26 and 27 months.
4. Bank of Baroda
For fixed-rate savings accounts (FDs) maturing longer than two years or up to three years for elderly citizens, the Bank of Baroda is offering an interest rate of 7.75%.
5. IDFC Bank
For senior citizens, IDFC Bank offers FDs maturing between two years and 1 day and three years at an interest rate of 7.75%.
6. Bandhan Bank
Offers senior citizens FDs with maturities of three years to fewer than five years at a 7.75% interest rate.
7. Axis Bank
Senior citizens who have FDs maturing in less than five years or between three and five years can receive an interest rate of 7.6% from Axis Bank.
8. IndusInd Bank
Provides senior citizens with FDs maturing between two years and nine months and three years and three months at an interest rate of 7.75%.
9. Punjab National Bank
PNB gives Senior citizens who have FDs maturing for more than 2 years or up to 3 years an interest rate of 7.5%.
10. Kotak Mahindra Bank
Kotak Bank provides senior citizens with FDs maturing in 3 years at a 7.6% interest rate.
