Top FDs 2024: Six Banks Providing Senior Citizens FDs With Interest Rates Up To 9.50%

Many older individuals in India now consider fixed deposits to be among the best investing possibilities. The principal rationale is the retirement phase’s assured returns, security, and consistent income for elderly folks. Seniors also get greater interest rates on fixed savings than do other individuals. Five renowned local financing institutions are providing fixed deposit interest rates over 9% to older folks. View the information below:

1. Unity Small Finance Bank: For a period of 1001 days, the bank is providing seniors with an interest rate of 9.50%. Seniors may get an interest rate of 8.65% for FDs maturing in three years, and 8.35% for FDs with a one-year tenure.

2. Suryoday Small Finance Bank (SFB): The SFB provides fixed deposits to elderly persons with competitive interest rates. A person over 60 may get an interest rate of 9.25% if they choose a two-year, one-month FD. The bank provides FDs with a one-year maturity term at a rate of 7.35%, while FDs with a three-year tenure may earn an interest rate of 9.10%.

3. Utkarsh Small Finance Bank offers senior people fixed deposits maturing in two to three years at an interest rate of 9.10%. The bank provides FDs with a 1-year tenure at an interest rate of 8.60%, and FDs with a 3-year maturity term at a rate of 9.10%.

Fincare Small Finance Bank provides elderly residents with fixed-rate savings accounts (FDs) with a term of 750 days at a rate of 9.21%, a 1-year FD at 8.25%, and a 3-year FD at 8.71%.

5. NorthEast Small Finance Bank: It provides elderly people with FDs maturing in 1111 days and 555 days at an interest rate of 9.25%. For one-year and three-year FDs, senior persons may get interest rates of 8.50% and 8.75%, respectively.

6. Equitas Small Finance Bank: If you’re over 60, Equitas Small Finance Bank FDs are a great option for earning the highest interest rate of 9.00% for a 444-day FD. The bank provides an interest rate of 8.70% on FDs with a one-year duration and 8.50% on FDs with a three-year tenure.