Best FD Rates For Senior Citizens: In the last one year, to control inflation, the Reserve Bank has increased its repo rate several times, but this rate has remained stable for a long time. For this reason, many banks have reduced their FD interest rates in the recent past. Even after this, there are some banks which are offering more than 8 percent interest rate to their senior citizen customers. Today we are going to tell you about 5 such banks which are offering high interest rates to senior citizens on tenure of less than 3 years. This rate is being offered on deposit schemes of less than Rs 2 crore.
1. Yes Bank FD Rates-
Yes Bank is offering high interest rates to senior citizen customers on FDs ranging from 36 months to 60 months. The bank is offering returns on FD scheme at the rate of 8 percent on this period. Whereas the bank is offering 8.25 percent interest rate on FD of 18 months to 24 months.
2. DCB Bank FD Rates-
Private sector bank DCB Bank is also offering strong returns on FD scheme to senior citizens. This bank is offering a strong interest rate of 8.35 percent on FD of 25 months to 37 months. Whereas the bank is offering maximum interest rate of 8.50 percent for 37 months.
3. IndusInd Bank FD Rates-
IndusInd Bank is offering interest rates up to 8 percent to senior citizens on FDs ranging from 33 months to 39 months. At the same time, the bank is offering 8.25 percent interest rate to senior citizens on FD of 19 months to 24 months.
4. Bandhan Bank FD Rates
The name of Bandhan Bank is also included in the list of those banks which are offering strong returns on fixed deposit scheme to senior citizens. The bank is offering 7.75 percent interest rate on FD for tenure of 3 to 5 years. Whereas the maximum rate being offered on FD of 500 days is 8.35 percent.
5. IDFC First Bank FD Rates-
Private sector bank IDFC First Bank is also included in the list of banks which are offering high interest rates on FD schemes to their customers. The bank is offering a maximum return of 7.75 percent on FDs of 751 days to 1095 days.
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