fixed-income investment instrument for many senior citizens. For seniors who are planning to lock their money in FDs, it is a good time to invest as several banks are still offering high interest rates on deposits. Interest rates on senior citizen FDs maturing in three years can go up to as high as 8.05% among public and private sector banks. Read below to find out the highest interest rates currently available on senior citizen FDs maturing in three years.
Do note all the interest rates are applicable for FDs below Rs 3 crore maturing in three years and for individuals aged above 60 years but below 80 years of age.
DCB Bank India offers an interest rate of 8.05% on FDs maturing between more than 26 months and less than 37 months for senior citizens.
For senior citizens, private sector bank RBL Bank offers an interest rate of 8% on FDs maturing between 289 days (24 months and a day) and 432 days (36 months).
For senior citizens, private sector bank YES Bank offers an interest rate of 8% on FDs maturing between 24 months and 36 months.
For senior citizens, Bandhan Bank offers an interest rate of 7.75% on FDs maturing between three years and less than five years.
Bandhan Bank offers an interest rate of 7.75% on senior citizen FDs maturing between two years and one day and three years.
IndusInd Bank
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