Get strong interest of up to 9.21% on FD, these banks are offering more than 9% interest rate to senior citizens.

New Delhi. The greatest strength that senior citizens have is their savings, so they look for ways to invest that give them security and better returns. For most of the senior citizens, Fixed Deposit i.e. FD is an excellent investment vehicle. Generally, small finance banks offer higher interest on FDs than larger public and private banks. Here we are going to tell about some small finance banks that provide interest rate above 9% on FD to senior citizens.

Equitas Small Finance Bank
Equitas Small Finance Bank offers FD interest rates ranging from 4 percent to 9 percent for tenures of 7 days to 10 years to general customers. The highest interest rate of 9% is being offered on FD maturing in 444 days. Senior citizens get an additional 0.50 percent over the rates offered to general investors. These rates will be effective from August 21, 2023.

Also Read – If You Want Highest Interest On FDs, Keep Your Money In These Banks, Neither SBI nor PNB Is Listed, So Who?

Funcare Small Finance Bank
Fincare Small Finance Bank is offering FD interest rates ranging from 3.60 percent to 9.21 percent for tenures of 7 days to 10 years on FDs maturing in 750 days. These rates will be effective from October 28, 2023.

Jana Small Finance Bank
Jana Small Finance Bank is offering interest rates ranging from 3.50% to 9% for tenures of 7 days to 10 years to senior citizens. The highest interest rate of 9 percent is offered on FDs maturing in 365 days. These rates will be effective from January 2, 2024.

Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering interest rates ranging from 4.50 percent to 9.10 percent for tenures of 7 days to 10 years to senior citizens. The highest interest rate of 9.10 percent is offered on FDs maturing in 2 years and 2 days. These rates will be effective from December 22, 2023.

Unity Small Finance Bank
Unity Small Finance Bank is offering FD interest rates ranging from 4.50 percent to 9.50 percent for tenures ranging from 7 days to 10 years to senior citizens. The highest interest rate of 9 percent is offered on FDs maturing in 1001 days. These rates will be effective from February 2, 2024.

Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering interest rates ranging from 4.60 percent to 9.10 percent for tenures of 7 days to 10 years to senior citizens. The highest interest rate of 9.10 percent is offered on FDs maturing between two years and three years. These are applicable from August 21, 2023.

Tags: Bank FD, FD Rates, Fixed Deposits, Senior citizens