Fixed deposits are a popular and safe investment choice. If the investor is a senior citizen (aged 60 years and above), they receive additional benefits. In FDs, senior citizens are offered 0.25% to 0.50% higher interest rates than general customers. If you are a senior citizen and planning to make a fixed deposit, many private banks are currently offering very attractive interest rates. Let’s explore some of these special offers to assist you in making an informed investment decision.
Bandhan Bank
Bandhan Bank offers interest rates up to 8.55% for senior citizens. You can get an FD at an interest rate of 8.55% for a period of 1 year, 7.75% for 3 years, and 6.60% for 5 years.
DCB Bank
DCB Bank is also offering up to 8.55% interest on FDs. For a 1-year FD, the interest rate is 7.60%, for 3 years it is 8.05%, and for 5 years, it is 7.90%.
SBM Bank
SBM Bank offers an FD with a maximum interest rate of 8.75% for senior citizens. You can get 7.55% interest for 1 year, 7.80% for 3 years, and 8.25% for 5 years.
RBL Bank
RBL Bank offers a maximum interest rate of 8.60% to senior citizens. According to Paisabazaar, the interest rate for a 1-year and 3-year FD is 8.00%, while for 5 years, it is 7.60%.
IndusInd Bank
IndusInd Bank offers a maximum interest rate of 8.25% for senior citizens. This rate is applicable for 1-year FDs, while the interest rate for 3 years and 5 years is 7.75%.
Yes Bank
Yes Bank offers a maximum interest rate of 8.25% for senior citizens. For 1-year FDs, the interest rate is 7.75%, while for 3 years and 5 years, it is 8%.
Tamilnadu Mercantile Bank
Tamilnadu Mercantile Bank offers FDs at a maximum interest rate of 8.25%. The interest rate for a 1-year FD is 7.50%, while it is 7% for 3 years and 5 years.
IDFC First Bank
IDFC First Bank offers a maximum interest rate of 8.25% for senior citizens. The rate is 7.00% for 1 year, while for 3 years and 5 years, the rates are 7.30% and 7.25%, respectively.
Avijit Das
A sports journalist driven by passion and dedication, I seamlessly blend my love for writing and sports. Currently with Timesbull, I have honed my craft at Sportskeeda, Cricreads, and Athlete Fortune. I live and breathe sports—whether it's football, cricket, cards, or chess, I'm always up for a challenge. A die-hard...
