Top Banks offering over 9% Interest Rate on FD to Senior Citizens

Mumbai :

Major players like SBI, ICICI Bank, and HDFC Bank are at the forefront, offering a noteworthy 50 basis points higher interest to seniors compared to regular customers.

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1. Equitas Small Finance Bank

Leading the Way in an enticing move, Equitas Small Finance Bank has unveiled an attractive 9% interest rate on its 444-day Fixed Deposit for senior citizens.

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This favorable offering, effective from August 21, 2023, presents a golden opportunity for investors to reap the benefits of these alluring interest rates.

2. ESAF Small Finance Bank

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A Competitive Edge ESAF Small Finance Bank is not far behind, extending a competitive 9% interest on Fixed Deposits spanning 2 to 3 years. Starting from April 14, 2023, these rates have captivated the attention of senior citizens seeking secure investment avenues.

3. Fincare Small Finance Bank

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Fincare Small Finance Bank has tailored its FD interest rates to suit varying maturities. With rates ranging from 9% to 9.43% on FDs maturing in 500, 750, and 1000 days, the bank ensures flexibility and gains for its senior citizen investors.

Additionally, an attractive 9.15% interest accompanies FDs maturing in the 36-month-1-day to 42-month range, applicable from July 26, 2023.


4. Jana Small Finance Bank

Promising rewarding returns, Jana Small Finance Bank presents an enticing 9% interest rate on FDs maturing in 1095 days. As of August 15, 2023, these rates position the bank as a compelling choice for senior citizens looking to maximize their investments.


5. North East Small Finance Bank

North East Small Finance Bank introduces a special scheme, offering an assured 9.25% interest rate on FDs maturing in 555 and 1111 days.

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This limited-time opportunity, launched on June 6, 2023, presents a chance for senior citizens to secure attractive returns.

6. Suryoday Small Finance Bank

Diversifying the options, Suryoday Small Finance Bank presents a spectrum of interest rates. With rates starting at 9% for FDs maturing from 15 months to 2 years, escalating to 9.10% for deposits spanning 2 to 3 years, the bank caters to various investment horizons. These rates come into effect from August 7, 2023.

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7. Unity Small Finance Bank

Unity Small Finance Bank takes the lead with its exclusive FD interest rates. Boasting 9.25% interest on FDs maturing from 6 months to 201 days, 9.25% on 501 days FDs, and an impressive 9.50% on 1001 days FDs, the bank’s offerings are effective from August 11, 2023.

In a competitive financial landscape, these nine banks have carved a niche by offering senior citizens exceptional interest rates on Fixed Deposits.

With a commitment to catering to the unique needs of this demographic, these banks continue to provide secure and promising avenues for investment.


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