Senior Citizen FD Scheme: In today’s time, when it comes to investment, a bank fixed deposit remains the first choice of people. Especially for senior citizens, FD is considered a safe and reliable investment option, because there is no risk of market fluctuations and the returns are already fixed. Investors above 60 years of age are also given higher interest rates by banks than normal customers, so that their regular income needs can be met.
In recent times, small finance banks have been providing FD facilities to senior citizens with attractive interest rates. These banks not only offer better returns but also make investments safe as they operate under RBI regulations.
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FD Scheme of Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering an 8 percent annual interest rate on 5-year fixed deposits for senior citizens. This is a good option for investors who want to keep their money safe for the long term and expect better returns.
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Interest on FD in Jana Small Finance Bank
Jana Small Finance Bank offers a 7.77 percent interest rate to senior citizens on 5 5-year FD. This rate is higher than traditional banks and may prove beneficial for seniors looking for a steady income.
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FD Scheme of AU Small Finance Bank
AU Small Finance Bank offers 7.25 percent interest to senior citizens on FD with a tenure of 5 years. This bank is known for its strong customer service and reliable banking system.
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Investment option in Equitas Small Finance Bank
Equitas Small Finance Bank offers an interest rate of 7.50 percent to senior citizens on 5 5-year FD. It is a good option for investors who want safe returns with moderate risk.
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ESAF Small Finance Bank FD Scheme
ESAF Small Finance Bank offers 6.25 percent interest on 5 5-year FDs to senior citizens. Although its rates are lower than other small finance banks, it is also counted among the safe investment options.