FD Interest Rates For Senior Citizens 2023: These Banks Offer Rates Over 9%

Fixed Deposits are a well-liked investment choice for seniors and provide a guaranteed rate of return. Many banks in India provide fixed deposit plans with competitive interest rates to senior folks. Here are lists of banks offering an interest rate of over 9 percent.

On February 27, the bank increased the interest rates on fixed deposits under Rs 2 crore. On deposits with a tenor of 700 days, the bank is offering a maximum interest rate of 8.25 percent for general clients and 9 percent for senior citizens.

On March 24, the Fincare Small Finance Bank increased the interest rates on fixed deposits under Rs 2 crore. The maximum return available to the general public on a 500-day deposit is 7.75 percent, while the maximum return available to senior citizens is 8.35 percent. In contrast, during a period of 1,000 days, the general public can receive a maximum return of 8.41 percent and senior people can receive a maximum return of 9.01 percent.

This bank provides fixed-term deposits to elderly citizens with interest rates ranging from 4.5 percent to 9.5 percent. The bank is providing the longest term, 1,001 days at the highest interest rate of 9.50 percent.