For senior citizens looking to invest their extra savings, Fixed Deposits (FDs) remain a popular choice due to their reliability and steady returns. But how much interest can you earn? Here’s a look at 10 prominent banks offering attractive FD rates for senior citizens, with returns of up to 8.05% on a 3-year FD.
1. Axis BankSenior citizens can earn an interest rate of 7.6% on a 3-year FD.
2. Bandhan BankBandhan Bank offers an interest rate of 7.75% for senior citizens on a 3-year FD.
3. City Union BankWith a 3-year FD at City Union Bank, senior citizens can enjoy an interest rate of 6.75%.
4. DCB BankDCB Bank provides the highest rate among these banks, offering 8.05% interest on a 3-year FD for senior citizens.
5. HDFC BankSenior citizens can avail an interest rate of 7.5% on a 3-year FD at HDFC Bank.
6. ICICI BankICICI Bank matches HDFC’s offer, with an interest rate of 7.5% on a 3-year FD for senior citizens.
7. IDFC First BankIDFC First Bank offers a competitive interest rate of 7.3% on 3-year FDs for senior citizens.
8. IndusInd BankSenior citizens can earn an interest rate of 7.75% on a 3-year FD with IndusInd Bank.
9. RBL BankRBL Bank provides an attractive rate of 8% on a 3-year FD for senior citizens.
10. YES BankYES Bank also offers a high interest rate of 8% for senior citizens investing in a 3-year FD.If you’re a senior citizen looking to maximize returns on your savings, these banks provide excellent options with competitive interest rates. Make sure to compare and choose the one that best fits your financial goals.
