Generally, Small Finance Banks offer higher interest on FD as compared to big government and private banks. Here we are going to tell about some small finance banks which provide more than 9 percent interest rates on FD to senior citizens.
The biggest power that senior citizens have is their savings, hence they look for ways of investment where they can get guaranteed and better returns. For most senior citizens, fixed deposit i.e. FD is an excellent means of investment. Generally, Small Finance Banks offer higher interest on FD as compared to big government and private banks. Here we are going to tell about some small finance banks which provide more than 9 percent interest rates on FD to senior citizens.
Equitas Small Finance Bank
Equitas Small Finance Bank offers FD interest rates ranging from 4 percent to 9 percent to general customers for periods between 7 days to 10 years. The highest interest rate of 9 percent is being offered on FD maturing in 444 days. Senior citizens get 0.50 per cent extra over the rates offered to general investors. These rates are applicable from August 21, 2023.
Fincare Small Finance Bank
Fincare Small Finance Bank is offering FD interest rates to senior citizens ranging from 3.60 percent to 9.21 percent for tenure between 7 days to 10 years. Highest interest rate of 9.21 percent on FD maturing in 750 days. Are being offered. These rates are applicable from October 28, 2023.
Jana Small Finance Bank
Jana Small Finance Bank is offering interest rates ranging from 3.50 percent to 9 percent to senior citizens for tenures between 7 days to 10 years. The highest interest rate of 9 percent is offered on FDs maturing in 365 days. These rates are applicable from January 2, 2024.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering interest rates ranging from 4.50 percent to 9.10 percent to senior citizens for tenures between 7 days to 10 years. The highest interest rate of 9.10 percent is offered on FDs maturing in 2 years and 2 days. These rates are applicable from December 22, 2023.
Unity Small Finance Bank
is offering FD interest rates ranging from 4.50 percent to 9.50 percent to senior citizens for maturing periods between 7 days to 10 years. The highest interest rate of 9 percent is offered on FDs maturing in 1001 days. These rates are applicable from February 2, 2024.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering interest rates ranging from 4.60 percent to 9.10 percent to senior citizens for a tenure between 7 days to 10 years. The highest interest rate of 9.10 percent is offered on FDs maturing between two years to three years. These are applicable from 21st August 2023.
