Fixed deposits have been a very popular investment tool for investors who care about the safety of their money. If the investor is a senior citizen (for persons aged 60 years and above), then he gets even more benefits.
In FD, senior citizens are offered 0.25% to 0.50% more interest than the general customer. If you are also a senior citizen and want to make a fixed deposit, then at present there are many private banks which are offering very attractive interest. Let us understand some such special offers here so that you can get help in taking an investment decision.
Bandhan Bank
Offers interest rates up to 8.55% for senior citizens. FDs for a tenure of 1 year are 8.55%, for 3 years and 5 years, FDs are 7.75% and 6.60% respectively.
DCB Bank
DCB Bank is also offering up to 8.55% interest on FD. If you make a 1-year FD, you will get 7.60% interest, while for 3 years, the interest rate is 8.05% and for 5 years, the interest rate is 7.90%.
SBM Bank
SBM Bank is offering FD for senior citizens at a maximum interest rate of 8.75%. In this bank, interest will be 7.55% for a period of 1 year, 7.80% for 3 years and 8.25% for 5 years.
RBL Bank
RBL Bank is also offering a maximum interest rate of 8.60% to senior citizens. According to paisabazaar, if you make an FD for a period of 1 year and 3 years in this bank, then the interest rate is 8.00%, while for 5 years the interest rate is 7.60%.
Indusind Bank
Indusind Bank is also offering a maximum interest rate of 8.25% for senior citizens. 8.25% interest is applicable for 1 year tenure as well, while 3 year and 5 year FDs get 7.75% interest.
yes bank
In Yes Bank, you can get FD at a maximum interest rate of 8.25%. The interest rate for 1 year is 7.75%, while 8% interest rate is being offered on 3 year and 5 year FD.
Tamilnad Mercantile Bank
This private sector bank is offering FD at a maximum rate of 8.25%. It is offering 7.50% interest on 1 year FD. This rate is 7% for 3 year and 5 year tenure.
IDFC First Bank
IDFC First Bank offers a maximum interest rate of 8.25% to senior citizens. For a tenure of 1 year, the rate is 7.00%, while for 3 years and 5 years, the interest rate is 7.30% and 7.25% respectively.
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