Senior citizens usually get an additional 0.50 per cent interest on FD deposits unlike other citizens. The interest rates on FDs of some banks are better than others, in such a situation, by paying another 0.50 percent interest to senior citizens, they bring it up to 7.50 percent. It is very rarely possible to get this much interest from FD. There are three banks which are doing exactly the same.
Bandhan Bank- This bank is offering interest of 7.50 percent to senior citizens on FDs of less than Rs 2 crore with a tenure of 1 year 18 months to 5 years and between it. Please note that NRIs are not included in this.
IndusInd Bank- Here you will get 7.5 percent interest on tax saving FD of 5 years. Apart from this, the bank is giving 7.5 percent interest to senior citizens on FDs ranging from 1 year to less than 61 months and between it.
Yes Bank- Here also senior citizens are getting 7.50 percent interest on FDs with deposits of less than Rs 2 crore. This interest will be available on FDs of more than 3 years and up to 10 years. 10,000 rupees FD can be started here.
