Written By: Danish
Despite RBI rate cuts, select banks still offer 8%+ FD rates for seniors. Small finance banks lead with higher returns while maintaining safety.
1️⃣ Suryodaya SFB: 8.8% (3-year FD) 2️⃣ Utkarsh SFB: 8.75% 3️⃣ Unity SFB: 8.5% 4️⃣ Slice SFB: 8.25% 5️⃣ Jana SFB: 8.25%
Always verify DICGC insurance (₹5L coverage) and bank credibility before investing. Don’t chase rates without security checks.
✔️ Bank’s financial health ✔️ DICGC coverage ✔️ Tenure & penalties ✔️ Premature withdrawal terms
Small finance banks offer higher rates but carry slightly more risk. Balance returns with safety—avoid overexposure to one bank.
Ladder FDs across tenures for liquidity. Pair high-rate FDs with stable PSU bank deposits for a balanced portfolio.
Rates may drop further. Lock in 8%+ returns today while ensuring DICGC protection for stress-free retirement income.