Fixed Deposit: At present, Fixed Deposit (FD) is the safest way for most people to make long term investments.
Fixed Deposit: In Fixed Deposit, investors get the same interest rate and high returns without any risk. Many government and private banks have started reducing the interest rate on Fixed Deposits (FD). But in the midst of all this, many small finance banks are still offering high rates on fixed deposits to their customers. For senior citizens, it has reached 9.5 percent.
Let us know about five such small finance banks which are offering Fixed Deposit Interest Rate up to 9.5% on fixed deposits to senior citizens.
Jana Small Finance Bank
Jana Small Finance Bank offers interest rates ranging from 3.50 per cent to 9 per cent on Fixed Deposits (FD) to senior citizens for a period of seven days to 10 years. At the same time, the bank is offering an interest rate of 8.75 per cent for FDs maturing between one and two years. While for FDs maturing between two years and three years, this rate is 9 percent.
Unity Small Finance Bank
Unity Small Finance Bank also offers interest rates between 4.50 per cent to 9.50 per cent to senior citizens for a period ranging from seven days to 10 years. The bank is offering a high interest rate of 9.50 per cent on FDs maturing in 1001 days. Also, the bank offers an interest rate of 9.25 per cent for FDs maturing in 501 days and FDs maturing between 6 months and 201 days.
Fincare Small Finance Bank
Fincare Small Finance Bank also offers interest rates between 3.60 per cent to 9.11 per cent on fixed deposits to senior citizens for a period ranging from 7 days to 10 years. Meanwhile, the bank offers the highest interest rate of 9.11 per cent on FDs with a tenure of 750 days.
Suryoday Small Finance Bank
In Suryoday Small Finance Bank, interest rate between 4.50 percent to 9.10 percent is being offered to senior citizens for a period ranging from seven days to 10 years. The bank gives the highest interest rate of 9.10 per cent on FDs maturing between two to three years. Whereas for FDs maturing between 15 months and two years, this interest rate is 9 percent.
ESAF Small Finance Bank
ESAF Small Finance Bank also offers interest rates between 4.50 per cent and 9 per cent to its senior citizen customers on fixed deposits for a period ranging from seven days to 10 years. The bank gives the highest interest rate of 9 percent on FDs with maturity between two years and three years.
