When considering investment options for senior citizens, fixed deposits (FDs) are often the first choice. A key question is the interest rate offered. Here are ten major banks that provide attractive interest rates for senior citizens. If you are a senior citizen, you can earn up to 8.05% interest on FDs with a tenure of up to three years.
1. Axis Bank – A three-year FD at Axis Bank yields an interest rate of 7.6%.
2. Bandhan Bank – Senior citizens can enjoy an interest rate of 7.75% on a three-year FD with Bandhan Bank.
3. Yes Bank – Yes Bank offers an appealing 8% interest rate for senior citizens on a three-year FD.
4. RBL Bank – Senior citizens can also secure an 8% interest rate on a three-year FD at RBL Bank.
5. IndusInd Bank – A three-year FD at IndusInd Bank provides an interest rate of 7.75% for senior citizens.
6. DCB Bank – Senior citizens can earn 8.05% interest on a three-year FD with DCB Bank.
7. HDFC Bank – HDFC Bank offers a 7.5% interest rate for senior citizens on a three-year FD.
8. ICICI Bank – Senior citizens can receive 7.5% interest on a three-year FD at ICICI Bank.
9. IDFC Bank – A three-year FD at IDFC First Bank offers a 7.3% interest rate for senior citizens.
10. City Union Bank – Senior citizens can earn 6.75% interest on a three-year FD with City Union Bank.
