IN PICS | Senior Citizen FD Rates: Banks Are Offering Up To 9.1 Per Cent Interest, Check Out List

Some small financing banks are offering up to 9.1 per cent interest rate on 3-year FDs for senior citizens. A list compiled by Paisabazaar shows highest senior citizens' FD rates offered by some banks

Some small financing banks are offering up to 9.1 per cent interest rate on 3-year FDs for senior citizens. A list compiled by Paisabazaar shows highest senior citizens' FD rates offered by banks

Suryoday Small Finance Bank: Leading the pack in the small finance banking sector, Suryoday offers a notable 9.10 per cent interest on three-year FDs for senior citizens. In its bid to provide competitive rates, the bank extends its FD interest rates from 4.00 per cent to 9.10 per cent for the general public and from 4.50 per cent to 9.60 per cent for senior citizens, spanning tenures ranging from 7 days to 10 years. (Image: Getty)

Utkarsh Small Finance Bank: Not far behind, recently listed Utkarsh offers senior citizens an attractive 8.85 per cent interest on three-year FDs. Its comprehensive FD interest rates vary between 4.00 per cent and 8.25 per cent for the general public and between 4.75 per cent and 8.85 per cent for senior citizens, covering tenures from 7 days to 10 years. (Image: Getty)

Fincare Small Finance Bank: With a competitive 8.60 per cent interest on three-year FDs for senior citizens, Fincare Small Finance Bank stands out. The bank's FD interest rates extend from 3.00 per cent to 8.51 per cent for the general public and from 3.60 per cent to 9.11 per cent for senior citizens across tenures ranging from 7 days to 84 months. (Image: Getty)

DCB Bank: Among the private-sector banks, DCB Bank offers senior citizens a compelling 8.50 per cent interest on three-year FDs. Its FD interest rates span from 4.25 per cent to 8.50 per cent for senior citizens, encompassing tenures from 7 days to 10 years. (Image: Getty)

IndusInd Bank: IndusInd Bank provides senior citizens with an enticing 8.25 per cent interest on three-year FDs. Its FD interest rates vary from from 4.00 per cent to 8.25 per cent for senior citizens across tenures ranging from 7 days to 61 months and above. (Image: Getty)

YES Bank: YES Bank offers senior citizens an 8.00 per cent interest on three-year FDs. The bank extends FD interest rates from 3.75 per cent to 8.25 per cent for senior citizens, covering tenures from 7 days to 10 years. (Image: Getty)

Bank of Baroda: Among public-sector banks, Bank of Baroda stands out with a 7.55 per cent interest on three-year FDs for senior citizens. (Image: Getty)

Punjab National Bank: Offering a competitive rate, PNB provides senior citizens with a 7.50 per cent interest on three-year FDs. (Image: Getty)

Bank of India: Similarly, Bank of India presents senior citizens with a 7.25 per cent interest on three-year FDs. (Image: Getty)

The rates mentioned are based on information available on the respective banks' websites as of August 2, 2023 and are applicable to deposits below Rs 2 crores. (Image: Getty)