Fixed deposits have been a favorite investment instrument for investors who attach importance to the security of their money. If investors are seniors (people aged 60 or older), they will make even greater profits. In FD, senior citizens are offered 0.25% to 0.50% more interest than normal customers. If you are also a senior and want to make a fixed deposit, there are currently many private banks that offer very attractive interest rates. Come, let us understand some of these special offers here so that we can help you make investment decisions.
Bandhan Bank
Offers interest rates of up to 8.55% for seniors. FDs can be made at interest rates of 8.55% for 1 year, 7.75% and 6.60% for 3 years and 5 years respectively.
DCB Bank
DCB Bank also offers interest up to 8.55% on FD. If you take an FD for 1 year, you will get an interest of 7.60%, while for 3 years you will get an interest rate of 8.05% and for 5 years, you will get an interest rate of 7.90%.
SBM Bank
SBM Bank offers FDs for senior citizens at a maximum interest rate of 8.75%. In this bank the interest will be 7.55% for 1 year, 7.80% for 3 years and 8.25% for 5 years.
RBL Bank
A maximum interest rate of 8.60% is also offered to senior citizens at RBL Bank. According to paisabazaar, if you do FD in this bank for a period of 1 year and 3 years, then the interest rate is 8.00%, while the 5-year interest rate is 7.60%.
Industrial Bank
IndusInd Bank also offers a maximum interest rate of 8.25% for senior citizens. The interest of 8.25% is applicable even for a period of 1 year, while the interest of 7.75% is available for 3 and 5 year FDs.
Yes Bank
You can get FD from Yes Bank at a maximum interest rate of 8.25%. The 1-year interest rate is 7.75%, while 8% interest rate is offered for 3-year and 5-year FDs.
Tamil Nadu Merchant Bank
This private sector bank offers FDs at a maximum rate of 8.25%. In this case, 7.50% interest is given on FD for 1 year. The rate is 7% for 3-year and 5-year terms.
First IDFC Bank
IDFC First Bank offers a maximum interest rate of 8.25% to senior citizens. For a term of 1 year the rate is 7.00%, while for 3 years and 5 years the interest rates are 7.30% and 7.25% respectively.
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