Fixed Deposit Interest Rates: Along with public and private sector banks, small finance banks have also started offering up to 8% interest on fixed deposits (FD) to senior citizens.

Best FD Rates for Senior Citizens

Senior Citizen FD Rates: Even today, bank FD is one of the preferred options for people to invest money because it guarantees fixed returns and there is no fear of loss of money.

It's especially popular among senior citizens because they receive higher returns on their bank FD deposits than ordinary citizens. So, if you're a senior citizen or know someone who is, this news is useful because we're going to tell you about some banks that are offering 8% interest on 3-year FDs.

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Small Finance Bank

Jana Small Finance Bank (Jana SFB) – Senior citizens get up to 8% interest per annum on 3-year FDs.

Utkarsh Small Finance Bank (Utkarsh SFB) – Here too, senior citizens are being offered an excellent interest rate of 8% on a 3-year FD.

Equitas Small Finance Bank (Equitas SFB) – This bank is also offering excellent returns on FDs at the rate of 7.50-8% for a tenure of 3 years.

Private sector banks

YES Bank – Yes Bank is offering the highest interest rate of 7.75% to senior citizens on 3-year FD.

RBL Bank – This bank is also giving a return of 7.70 on FD with 3 years maturity.

IDFC Bank – This bank is also giving interest to senior citizens at the rate of 7.50 percent on deposits for a period of 3 years.

government banks

State Bank of India (SBI) - The country's largest bank is offering interest at the rate of 6.90% on 2-3 year FDs and 6.80% on 3-5 year FDs.

Bank of India (BOI) – Bank of India is offering excellent returns of up to 7.45% to senior citizens on 3-year FDs.

Punjab National Bank (PNB) – This bank is giving interest to the senior citizens at the rate of 6.80% on a period of 3 years.