Where can senior citizens get the highest interest on FD?

How much will an investment of 1 lakh grow in three years?

• 2: Utkarsh Small Finance Bank
• Interest rate: 8.5%
• FD of 1 lakh will become 1.26 lakh rupees 26 thousand in three years.

Jan Small Finance Bank

• interest rate: 8.25 percent
• FD of Rs 1 lakh will become Rs 1.25 lakh in three years

Suryoday Small Finance Bank

• interest rate: 8.15 percent
• FD of Rs 1 lakh will become Rs 1.24 lakh in three years

Yes Bank

• interest rate: 7.85%
• FD of Rs 1 lakh will become Rs 1.24 lakh in three years

Bandhan Bank, Equitas Bank and Unity Bank

• Are all three banks offering 7.75% interest.
• FD of Rs 1 lakh will become Rs 1.23 lakh in three years

Ujjivan and RBL Bank

• Interest rate: 7.70 percent
• FD of Rs 1 lakh will become Rs 1.23 lakh in three years

AU Small Finance Bank and SBM Bank

• AU Bank is offering 7.6% interest rate
• SBM Bank is offering 7.55%
• interest rate FD of Rs 1 lakh will become Rs 1.23 lakh in three years

IndusInd, DCB, IDFC First, J&K Bank

• IndusInd Bank is offering 7.5% interest rate
• The other three banks are offering 7.25%
• interest rate In three years, an FD of Rs 1 lakh will become approximately Rs 1.22 lakh

Who gives guarantee on FD?

RBI’s institution DICGC gives insurance protection for FDs up to Rs 5 lakh. FD is a safe and famous option for senior citizens.

The post Best Fixed-Income Options for Seniors: Compare Interest Rates & Benefits first appeared on Rightsofemployees.com.