Top Banks for Senior Citizens FD: Fixed deposits (FDs) are one of the most reliable and safe investment options for senior citizens. Its biggest advantage is its low risk and excellent returns. This is why most senior citizens prefer to invest in FDs. Furthermore, banks are offering higher interest rates to their regular customers. If you are considering investing now, investing in these 10 banks can provide excellent returns.
For information, the 10 banks listed offer the highest returns on FDs up to ₹3 crore. This list was compiled based on data as of October 27th. Read the article for more details.
Learn which banks offer excellent returns.
For information, IndusInd Bank is offering 7.5% interest on FDs for senior citizens with tenures of 6 to 12 months. This interest rate is higher than that of private banks.
Axis Bank is offering senior citizens 7.35% interest on fixed deposits of 5 to 10 years.
The largest private bank, HDFC Bank, is offering 7.10% interest on FDs with tenures of 18 to 21 months.
ICICI is offering senior citizens 7.10% interest on FDs ranging from 2 years 1 day to 10 years.
Kotak Mahindra Bank, meanwhile, is offering 7.1% interest on FDs with tenures of 391 days to less than 23 months, to enrich the elderly.
BOB is offering senior citizens 7.10% interest on FDs with tenures of up to 444 days.
PNB is offering senior citizens 7.10% interest on FDs with tenures of up to 390 days.
Union Bank of India is offering senior citizens a great return of 7.10% on FDs with a maturity period of 456 days.
SBI is offering senior citizens 7.05% interest on FDs with a maturity period of 5 to 10 years.
Canara Bank is offering senior citizens 7% interest on FDs with a maturity period of 444 days.