Senior Citizens Opportunity to earn profits know which banks are getting high interest rates, know complete details Here

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The Reserve Bank of India (RBI) had decided to increase the repo rate by 0.25 basis points in the bi-monthly monetary policy review meeting from 6 to 8 February. Since then, all the banks have started increasing the interest rate one by one, especially for senior citizens, many banks are offering better interest rates on FDs, which customers can take advantage of.

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Small finance banks are giving more interest than big banks

Most big banks have increased their interest rates on FDs for senior citizens, but to attract more investors, small finance banks are offering even higher rates. Senior citizens with FDs in big banks like SBI get the highest interest rate of only 7.25%, while small finance banks are offering much higher interest rates. Let us have a look at these 10 small finance banks offering higher interest rates.

Bank Duration     interest rate   
Suryoday Small Finance Bank999 days8.76%
Ujjivan Small Finance Bank5608.75%
Equitas Small Finance Bank8888.50%
bandhan bank 6008.50%
DCB Bank7008.35%
RBL Bank4538.30%
City Bank 91 to 1808.27%
yes bank 35 months8.25%
IndusInd BankBetween 2 – 3 years 3 months8.25%
AU Small Finance Bank24 Months to 45 Months8.25%

 

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