Fixed deposits (FDs) remain one of the safest investment options for senior citizens.
Unlike stocks or mutual funds, FDs provide guaranteed returns, making them ideal for those seeking stability and regular income after retirement.
Some small finance banks are now offering attractive interest rates of up to 8% on 3-year FDs, giving senior citizens a chance to earn more without taking any risks.
Top Small Finance Banks Offering High FD Interest Rates
Here are some small finance banks that offer high-interest FDs for senior citizens:
Jana Small Finance Bank
Offers 8% interest on 3-year FDs for senior citizens.
Maximum FD limit: ₹3 crore.
Provides deposit insurance, making it a safe choice.
Utkarsh Small Finance Bank
Offers 8% interest on 3-year FDs.
Maximum FD limit: ₹3 crore.
Good option for those willing to explore new banks for higher returns.
Ujjivan Small Finance Bank
Offers 7.7% interest on 3-year FDs.
Focuses on retail customers with an easy FD process.
Suitable for investors seeking balanced and safe returns.
AU Small Finance Bank
Offers 7.6% interest on 3-year FDs.
Known for a strong branch network and digital services.
Ideal for those valuing stability and convenience.
Slice Small Finance Bank
Offers 7.5% interest on 3-year FDs.
Growing rapidly with stable returns.
Suitable for investors looking for slightly lower but consistent income.
Equitas Small Finance Bank
Offers 7.5% interest on 3-year FDs.
Trusted for timely interest payments and strong customer support.
Shivalik Small Finance Bank
Offers 7.5% interest on 3-year FDs.
Good for those wanting better returns from a small finance bank.
Check branch availability and services before investing.
Key Takeaways for Senior Citizens
For senior citizens looking for safe and profitable investments, small finance bank FDs offer a rare opportunity to earn up to 8% interest over 3 years.
Before investing, make sure to:
Check the bank’s credibility and reputation
Understand the FD terms and conditions
Review applicable tax rules
By choosing the right bank, senior citizens can enjoy high, secure, and regular returns without exposing their savings to risk.
