FD interest of up to 8.35% on senior citizen FDs maturing between one year and less than two years: List of banks offering best rates

economictimes.indiatimes.com:

fixed deposits (FDs) as multiple banks are offering high interest rates on deposits. Senior citizens even get a slightly higher interest rate on FDs than general citizens. If senior citizens are planning to invest in FDs that mature between one year and less than two years, they can check FD interest rates in these banks.

Do note all the interest rates are applicable for individuals aged above 60 years but below 80 years of age. These interest rates are available on FD amounts of up to Rs 3 crore.

Here are the best interest rates on FDs maturing in a year among public and private sector banks.

Bandhan Bank offers 8.35% interest on 1-year senior citizen FDs

Bandhan Bank offers an interest rate of 8.35% on FDs maturing in one year. This is the highest interest rate senior citizens can get on a one-year FD in any public or private sector bank, according to Paisabazzar.com.

IndusInd Bank offers 8.25% on this senior citizen FD

IndusInd Bank offers an interest rate of 8.25% on FDs maturing between 12 months and 15 months.

8% interest rate on senior citizen FDs

Private sector lender RBL Bank is offering an interest rate of 8% on FDs maturing between 12 months and less than 15 months.

Source: Paisabazar.com as of July 3, 2024

7.6% interest rate on senior citizen FDs

DCB Bank is offering an interest rate of 7.6% on