FD rates of interest for senior residents: These 7 banks provide above 9% returns

Fixed deposits (FD) are sometimes most well-liked funding choices for senior residents as a result of they supply the next rate of interest and tax advantages. All the highest lenders together with the State Bank of India (SBI), ICICI Bank, HDFC Bank, and others give 50 foundation factors of curiosity to senior residents over and above the final clients. Like, high lenders, Small Finance Banks (SFBs) additionally provide larger rates of interest on FDs to senior residents.

On World Senior Citizens Day right this moment (August 21), let’s check out profitable FD rate of interest supplied by small finance banks like Jana, Fincare, Equitas, North East, ESAF, Suryoday, and Unity to senior residents:

Equitas Small Finance Bank gives 9% curiosity on FD for Senior Citizens for 444 days. These charges are efficient from 21 August 2023.

444 days- 9%

2)ESAF Small Finance Bank FD charges for senior residents

On 2 years to lower than 3 years, ESAF Small Finance Bank offers a 9% price. As per the financial institution’s web site, these charges are efficient from 14 April 2023.

2 years to lower than 3 years- 9%

3)Fincare Small Finance Bank FD charges for senior residents

Fincare Small Finance Bank gives 9.11 rates of interest on deposits maturing in 750 days. These charges are efficient from 26 July 2023.

750 Days – 9.11%

4)Jana Small Finance Bank FD charges for senior residents

Jana Small Finance Bank gives a profitable price of 9% on deposits maturing in 1095 Days. These charges are efficient from 15 August 2023.

> 2 Years – 3 Years(1095 Days) 9%

5)North East Small Finance Bank FD charges for senior residents

North East Small Finance Bank ensures a 9.25% rate of interest on FDs maturing in 555, and 1111 days. According to the financial institution’s web site, these charges are efficient from 6 June 2023.

555 days- Special Scheme 9.25%

1111 Days- Special Scheme 9.25%

Suryoday Small Finance Bank gives 9% and above on deposits maturing in 2 and three years. These charges are efficient from 7 August 2023

Above 15 months to 2 years 9%

Above 2 years to three years  9.10%

7)Unity Small Finance Bank FD charges for senior residents

Unity Small Finance Bank gives 9.25, and 9.50% rates of interest on chosen tenors. These charges are efficient from 11 August 2023.

6 Months – 201 Days 9.25%

501 Days 9.25%

1001 Days 9.50%

Disclaimer: We advise traders to test with licensed specialists earlier than taking any funding selections.

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Updated: 21 Aug 2023, 01:28 PM IST