Senior Citizen Savings Scheme (SCSS) is specifically operated to provide good returns on investment to senior citizens. However, now many banks are giving more interest on FD than this scheme. These banks include Ujjivan Small Finance Bank, Yes Bank, Bandhan Bank and Jan Small Finance Bank.
- Yes Bank- This private sector bank is giving maximum interest of 8.25 percent on FD to senior citizens.
- Bandhan Bank- This bank is giving 8.35 percent interest to citizens of 60 years of age and above.
- Ujjivan Small Finance Bank- This bank is giving maximum interest of 8.75 percent to senior citizens.
- Utkarsh Small Finance Bank- Here senior citizens will get interest up to 8.6 percent on FD.
- Jana Small Finance Bank- It is offering interest at the rate of 9 percent to people above 60 years of age.
- ESAF Small Finance Bank- By investing money in this bank also, senior citizens will get 9 percent interest on FD.
- Unity Small Finance Bank- Here senior citizens will get 9.5 percent interest on their FD.
- Suryoday Small Finance Bank- This bank is offering the highest interest to senior citizens among all these banks. People of 60 years or above can get maximum interest of 9.60 percent from here.
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