Fixed deposits are a popular investment tool for those who prioritize the safety of their money. Senior citizens (aged 60 years and above) receive even more benefits. In FDs, senior citizens are offered an additional 0.25% to 0.50% interest compared to regular customers. If you are a senior citizen and looking to make a fixed deposit, there are many private banks currently offering attractive interest rates. Let’s explore some of these special offers to help you make an informed investment decision.
1. Bandhan Bank
Bandhan Bank offers an interest rate of up to 8.55% for senior citizens. You can avail of FD at 8.55% for 1 year, 7.75% for 3 years, and 6.60% for 5 years.
2. DCB Bank
DCB Bank is offering interest rates of up to 8.55% on FDs. The interest rates are 7.60% for 1 year, 8.05% for 3 years, and 7.90% for 5 years.
3. SBM Bank
SBM Bank provides a maximum interest rate of 8.75% for senior citizens. The interest rates are 7.55% for 1 year, 7.80% for 3 years, and 8.25% for 5 years.
4. RBL Bank
RBL Bank offers a maximum interest rate of 8.60%. For FDs with a tenure of 1 year and 3 years, the interest rate is 8.00%, while for 5 years, it is 7.60%.
5. IndusInd Bank
IndusInd Bank is offering an interest rate of 8.25% for senior citizens for 1-year FDs. For 3-year and 5-year FDs, the interest rate is 7.75%.
6. Yes Bank
Yes Bank offers a maximum interest rate of 8.25%. The interest rate is 7.75% for 1 year, and 8% for both 3-year and 5-year FDs.
7. Tamilnadu Mercantile Bank
Tamilnadu Mercantile Bank is offering FD with a maximum rate of 8.25%. It offers 7.50% interest for 1-year FD and 7% for 3-year and 5-year FDs.
8. IDFC First Bank
IDFC First Bank offers a maximum interest rate of 8.25%. For 1-year FDs, the interest rate is 7.00%, while for 3-year and 5-year FDs, the rates are 7.30% and 7.25%, respectively.