By Admin 
Bank FD Rates: In India, Fixed Deposit (FD) is still considered the safest investment option for senior citizens. In order to continue earning after retirement and live a happy life, some banks are still offering interest rates of up to 8 percent on Fixed Deposit (FD) for a term of three years for senior citizens (60 years of age and above), the limit of which is Rs 3 crore. Let us see which names are included among the banks which give the highest interest to investors on their deposits?
Utkarsh Small Finance Bank- This bank is giving 8 percent interest on FD with three year term for senior citizens.
Jana Small Finance Bank- This bank is also giving interest at the rate of 8 percent on FD with three year term for senior citizens.
Ujjivan Small Finance Bank- Ujjivan Small Finance Bank is also offering 7.7 percent interest rate on fixed deposits with tenure of three years for senior citizens.
AU Small Finance Bank- This bank is offering 7.6 percent interest rate on three-year fixed deposits for senior citizens.
Rates of small finance banks on FD
- Utkarsh Small Finance Bank- 8.00 percent
- Jana Small Finance Bank- 8.00 percent
- Ujjivan Small Finance Bank – 7.70 percent
- Equitas Small Finance Bank – 7.50 percent
- Slice Small Finance Bank – 7.50 percent
- Suryoday Small Finance Bank- 7.45 percent
- Shivalik Small Finance Bank- 7.25 percent
- ESAF Small Finance Bank- 6.50 percent
Private banks are also no less in giving better interest.
- RBL Bank and Bandhan Bank are giving interest up to 7.7 percent on fixed deposits.
- YES Bank is giving 7.75 percent interest.
- DCB Bank is giving interest at the rate of 7.65 percent on fixed deposits.
- ICICI Bank and Axis Bank are giving interest on FD between 7.1 to 7.2 percent.
How much interest are government banks giving?
- State Bank of India- 7.05 percent
- Punjab and Sindh Bank – 7.25 percent
- Bank of India – 7.2 percent
- Bank of Baroda – 7 percent
- Canara Bank – 7 percent
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