FDs for senior citizens - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Thu, 23 Feb 2023 10:12:36 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png FDs for senior citizens - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Senior Citizens Opportunity to earn profits know which banks are getting high interest rates, know complete details Here https://www.rightsofemployees.com/senior-citizens-opportunity-to-earn-profits-know-which-banks-are-getting-high-interest-rates-know-complete-details-here/ Thu, 23 Feb 2023 10:29:46 +0000 https://www.rightsofemployees.com/?p=11836 The Reserve Bank of India (RBI) had decided to increase the repo rate by 0.25 basis points in the bi-monthly monetary policy review meeting from 6 to 8 February. Since then, all the banks have started increasing the interest rate one by one, especially for senior citizens, many banks are offering better interest rates on […]

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]]> The Reserve Bank of India (RBI) had decided to increase the repo rate by 0.25 basis points in the bi-monthly monetary policy review meeting from 6 to 8 February. Since then, all the banks have started increasing the interest rate one by one, especially for senior citizens, many banks are offering better interest rates on FDs, which customers can take advantage of.

Small finance banks are giving more interest than big banks

Most big banks have increased their interest rates on FDs for senior citizens, but to attract more investors, small finance banks are offering even higher rates. Senior citizens with FDs in big banks like SBI get the highest interest rate of only 7.25%, while small finance banks are offering much higher interest rates. Let us have a look at these 10 small finance banks offering higher interest rates.

Bank  Duration      interest rate   
Suryoday Small Finance Bank 999 days 8.76%
Ujjivan Small Finance Bank 560 8.75%
Equitas Small Finance Bank 888 8.50%
bandhan bank  600 8.50%
DCB Bank 700 8.35%
RBL Bank 453 8.30%
City Bank  91 to 180 8.27%
yes bank  35 months 8.25%
IndusInd Bank Between 2 – 3 years 3 months 8.25%
AU Small Finance Bank 24 Months to 45 Months 8.25%

 

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