Bank FD (Fixed Deposit) is considered one of the safest investment options. Besides, it also gives strong interest. If you are a senior citizen, then this benefit increases even more, because banks also give you additional interest.
Let us know which banks are giving the highest interest on FD to senior citizens. The good thing about these FDs is that they do not have much lock-in period.
DCB Bank is giving 8.1 percent interest
If you are a senior citizen and make an FD maturing in 26 months to 37 months in DCB Bank, then you will get 8.1 percent interest.
Huge interest in FD in RBL Bank also
Senior citizens making FD in RBL Bank will also get huge interest. However, they will have to get an FD maturing between 24 months to 36 months. You can get 8 percent interest on this.
7.75 percent offer from Bandhan Bank
Even if you make FD in Bandhan Bank, you will get a good amount of money. This bank is offering 7.75 percent interest on FDs maturing between 3 to 5 years.
Axis Bank is also getting strong returns
If you are a senior citizen and make FD in Axis Bank, you can still earn huge income. At present this bank can give interest up to 7.6 percent. This interest rate is available on fixed deposits of 3 years to less than 5 years.
Benefit on FD in Bank of Baroda
Public sector Bank of Baroda is giving you up to 7.75 percent interest on FD of 2 years to 3 years. In such a situation, you can get good returns by making FD here also.
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