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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