Which bank gives the maximum interest on FD for senior citizens?

Best FD Interest Rates for Senior Citizens Offered by Top Private Sector Banks Bank Name Interest Rates (% p.a.) HDFC Bank 7.75 7.50 ICICI Bank 7.75 7.50 IDBI Bank 7.75 7.00 IDFC First Bank 8.25 7.75 19 more rows 4 days ago

What bank has a 9% interest rate?

Synopsis Senior Citizen Fixed Deposit Rates Bank Name Interest Rates (p.a.) Fincare Small Finance Bank 9.21 750 days Jana Small Finance Bank 9.00 365 days NorthEast Small Finance Bank 9.25 555 days; 1111 days 10 more rows Mar 20, 2024

Which Small Finance Bank has the highest interest rate for senior citizens?

For senior citizens, FD interest rates vary from 4.6% to 9.10%. Utkarsh Small Finance Bank offers the highest interest rate of 9.10% on fixed deposits maturing between two years and three years to senior citizens.

Where can I make 10% interest on my money?

Where can I get 10 percent return on investment? Invest in stocks for the short term. ... Real estate. ... Investing in fine art. ... Starting your own business. ... Investing in wine. ... Peer-to-peer lending. ... Invest in REITs. ... Invest in gold, silver, and other precious metals. More items...

What bank is paying the highest interest right now?

Best High-Yield Online Savings Accounts of May 2024 BrioDirect High Yield Savings Account: 5.35% APY. Ivy Bank High-Yield Savings Account: 5.30% APY. TAB Bank High Yield Savings: 5.27% APY. UFB Secure Savings: Up to 5.25% APY. EverBank Performance℠ Savings: 5.15% APY. Bask Interest Savings Account: 5.10% APY. More items...

This bank is giving up to 9.5% return on bank fixed deposits to senior citizens (2024)

Senior Citizen Fixed Deposits (FDs) are term deposit plans with special interest rates offered to individuals who are over the age of 60. The rate of interest on senior citizen FDs in India varies from bank to bank. Apart from the additional rate of interest, which can be 0.50% more than what is offered to the general public, these fixed deposit accounts also offer a wide range of other benefits to elderly people. Some banks changed their fixed deposit rates in the week ending February 3, 2024.

Let's take a look at the FD rates offered by these banks to senior citizens

Unity Small Finance Bank FD rates for senior citizens

Small finance banks generally offer higher rates than larger banks. At Unity Small Finance Bank, senior citizens can get up to 9.50 per cent on FDs of 1,001 days. The bank revised rates on February 2, 2024. It provides 9.25 per cent to senior citizens for more than six months to 201-day FDs. For 501-day FDs, the bank offers the elderly 9.25 per cent. For 701 days, Unity Bank offers senior citizens 9.45 per cent.

Punjab & Sind Bank FD rates for senior citizens

The bank revised the rates on February 1. For FDs for 444 days, Punjab & Sind Bank offers 8.10 per cent. These special FDs are valid up to March 31, 2024. These rates were revised on February 2, 2024

Karur Vysya Bank (KVB) FD rates for senior citizens

Effective February 1, 2024, Karur Vysya Bank (KVB) offers senior citizens the highest 8.00 per cent on its 444-day FD.

Punjab National Bank FD rates for senior citizens

Senior citizens can get a maximum of 7.75 per cent on FDs of 400 days. The bank revised rates on February 1, 2024. PNB hiked the rate for 300 days deposits by 80 basis points for general, senior citizens as well as super seniors. These deposits will guarantee a return of 7.55 per cent for senior citizens and 7.85 per cent for super senior citizens.

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