FD Rates: Small finance banks in India are offering attractive interest rates on fixed deposits (FD) to senior citizens. Many banks are offering 8.5% or more interest, so that senior citizens can earn good returns while keeping their savings safe
Small finance banks in India are offering attractive interest rates on fixed deposits (FD) to senior citizens. Many banks are offering 8.5% or more interest, allowing senior citizens to earn good returns while keeping their savings safe.
These banks are offering the highest interest rates
1. Northeast Small Finance Bank
It is offering 9.00% interest rate on FDs ranging from 1 year to 3 years, making it the most attractive short term investment.
2. Suryoday Small Finance Bank
It is offering 9.10% interest rate on 5-year FD, making it an excellent option for long-term investors.
3. Unity Small Finance Bank
It is giving 9.50% interest on 1001 days FD and 8.65% interest on 3 year FD. This bank is offering higher returns.
4. Jana Small Finance Bank
It is offering 8.75% interest on FDs ranging from 1 year to 3 years, making it a profitable opportunity for short and medium term investors.
5. Equitas Small Finance Bank
It is giving 8.60% interest on 1 year FD and 8.50% interest on 3 year FD, which is the best option to get safe and good returns.
6. Ujjivan Small Finance Bank
It is offering 8.60% interest on 18-month FDs, which is an attractive option for medium-term investors. Small finance banks like Northeast (9.00%), Suryodaya (9.10%), and Unity Bank (9.50%) are offering higher returns on FDs than big banks. Senior citizens who want higher interest while keeping their savings safe can invest in FDs of these banks.
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