FD Rates: There are many such banks which are offering high interest rates on FD schemes to senior citizens amid rising inflation. In this, customers are getting interest rates ranging from 9 to 9.50 percent.
FD Rates for Senior Citizen: After increasing the interest rates of fixed deposits for a long time, many banks have started cutting it. But there are many small finance banks that are offering inflation-beating interest rates to senior citizens (Senior Citizen FD Scheme). In July, the country’s inflation rate had increased to 7.44 percent (Inflation in India). In such a situation, senior citizens are getting 9 to 9.50 percent interest rate on FD scheme in these banks. Let us tell you in which banks you will get higher returns by investing money.
1. Unity Small Finance Bank
Unity Small Finance Bank is offering interest rates ranging from 4.50% to 9.50% on FDs of 7 days to 10 years to senior citizen customers. The bank is giving the highest interest rate of 9.50 percent on FD of 1001 days. On the other hand, general customers are getting the benefit of interest rate ranging from 4.50 per cent to 9.00 per cent.
2. Fincare Small Finance Bank
Like Unity Small Finance Bank, Fincare Small Finance Bank is also offering strong returns on its FD scheme to senior citizens. The bank is offering interest rates ranging from 3.60 percent to 9.11 percent on FDs of 7 days to 10 years. The highest interest rate i.e. 9.11 percent is being offered to senior citizens on FD of 750 days.
3. Jana Small Finance Bank
Jana Small Finance Bank is offering interest rates ranging from 3.50 percent to 9.00 percent on FDs of 7 days to 10 years. The bank is offering the highest interest rate i.e. 9 percent return to senior citizens on FD of 2 to 3 years.
4. Suryoday Small Finance Bank
Suryoday Small Finance Bank (Suryoday Small Finance Bank) is offering senior citizens a great interest rate on FD scheme which is capable of beating inflation. The bank is offering interest rates ranging from 4.50 per cent to 9.10 per cent on FDs of 7 days to 10 years. The maximum interest rate is being given by the bank only on FDs of 15 months to 2 years.
5. ESAF Small Finance Bank
ESAF Small Finance Bank is also offering interest rates ranging from 4.50 per cent to 9.50 per cent on FDs ranging from 7 days to 10 years. The highest interest i.e. 9 percent return is being offered by the bank for a period of 2 to 3 years.
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