Senior Citizens can get higher than SCSS interest on fixed deposits in 14 banks in September: List
Several bank fixed deposit schemes are now offering higher than SCSS interest rate to senior citizens. For the July-September quarter of FY 2023-24, the Government has kept the SCSS interest rate at 8.2%. Following is a list of banks offering higher than SCSS interest rate on their fixed deposits to senior citizens in September, according to BankBazaar data.
Please note that the below content is for informational purposes only. SCSS provides guaranteed returns and tax advantage to senior citizens in the form of Section 80C deduction. These benefits make SCSS better than FD for senior citizens. Also, the Fixed Deposit interest rates offered by banks are for different tenors whereas the SCSS interest rate is valid for 5 years, which can be extended for another 3 years.
RBL Bank: It is offering up to 8.30% interest on FD to senior citizens.
Yes Bank FD: It is offering up to 8.25% interest on FD to senior citizens.
IndusInd Bank FD: It is providing up to 8.25% interest on FD to senior citizens.
Bandhan Bank FD: It is offering up to 8.35% interest on FD to senior citizens.
Suryoday Small Finance Bank: It is offering up to 9.6% interest on FD to senior citizens.
Ujjivan Small Finance Bank FD: It is offering up to 8.75% interest on FD to senior citizens.
Also Read: Lowest to Highest FD Interest of 30 Banks Compared
ESAF Small Finance Bank FD: It is offering up to 9% interest on FD to senior citizens.
Unity Small Finance Bank FD: It is offering up to 9.5% interest on FD to senior citizens.
Jana Small Finance Bank FD: It is offering up to 9% interest on FD to senior citizens.
Utkarsh Small Finance Bank FD: It is offering up to 8.6% interest on FD to senior citizens.
Equitas Small Finance Bank FD: It is offering up to 9% interest
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