Regular investment can yield big returns in the long run. This is what investment experts say. Currently, there are many investment options in the market. But yes, there is risk in all of them. However, investments like government schemes, bonds, bank deposit schemes, however, guaranteed returns are available. There is no question of risk in all these cases.
Now, if the topic of bank deposit schemes comes up, the first thing that comes to mind for most people is fixed deposits. There is nothing wrong with this. Currently, banks are offering quite good interest rates on fixed deposits. Now, if we talk about senior citizens, the interest rates on fixed deposits are higher in their case than the common citizen. If someone wants, they can also make a fixed deposit in the name of an elderly family member in the bank.
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Today, we are going to talk about 3-year FDs of some banks, where senior citizens can invest their money and earn 8 percent interest.
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Bank FDs are very popular among investors. This is because of the safety of their funds and the fixed returns they offer. Talking about senior citizens, bank FDs are even more popular among senior citizens because they get higher interest rates than the general public.
If someone is a senior citizen and relies on bank FDs to invest their money, then this news will be very important for them. Today we are going to tell you about 3-year FDs of some banks where senior citizens can invest their money and earn an interest rate of 8 percent.
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John Small Finance Bank
John Small Finance Bank is offering an interest rate of 8 percent on their 3-year FDs to senior citizens. The interest rate is very high, senior citizens can invest their money here if they want.
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Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering an interest rate of 8 percent for senior citizens on their 3-year FDs. Therefore, one can invest their money in this bank as well.
Best Banks for 3 Year FDs If you are a senior citizen and want to invest money in 3 year FDs, then you can also invest your money in FDs of these banks.
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- Ujjivan Small Finance Bank – 7.7 percent
- AU Small Finance Bank – 7.6 percent
- Slice Small Finance Bank – 7.5 percent
- Equitas Small Finance Bank – 7.5 percent
- Shibalik Small Finance Bank – 7.5 percent