Senior citizens are given 0.5 percent more interest on FDs than normal customers. But there is also a small finance bank which is giving 0.6 percent more interest to senior citizens than normal customers.
Highest FD Interest Rates for Senior Citizens: The business of all the small finance banks working in India is continuously growing. Small finance banks are giving more interest on FDs to their customers than commercial banks. This is the reason why now people are increasingly opening FD accounts in these small finance banks along with banks. Here we will talk about those small finance banks which are giving the highest interest on fixed deposits to senior citizens. Let us tell you that senior citizens are given 0.5 percent more interest on FDs than normal customers. But there is also a small finance bank which is giving 0.6 percent more interest to senior citizens than normal customers.
Jana Small Finance Bank
Jana Small Finance Bank is offering the highest interest rate of 8.75% to senior citizens on FD schemes with tenures of 365 days, 730 days and 1095 days.
Equitas Small Finance Bank
Equitas Small Finance Bank is offering the highest interest rate of 9.00% to senior citizens on FD schemes with tenures of 444 days.
Also Read-Â Bank FD Rate Hike: PNB revises its fixed deposit interest rates; check latest rates here
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering 0.6 percent more interest to senior citizens on FD schemes than general customers. This bank is offering the highest interest rate of 9.10% to senior citizens on FD schemes with tenures of 730 days to 1095 days and 1500 days.
Suryodaya Small Finance Bank
Suryodaya Small Finance Bank is offering the highest interest rate of 9.10% to senior citizens on fixed deposit schemes with tenures ranging from 2 years and 1 day to 3 years.
Unity Small Finance Bank
Unity Small Finance Bank is offering the highest interest rate of 9.50% to senior citizens on FD schemes with tenures ranging from 1001 days.
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