Small finance banks in India are offering attractive fixed deposit (FD) interest rates for senior citizens.
Many banks provide 8.5% or more interest, allowing senior citizens to earn high returns while keeping their savings secure.
Banks Offering the Highest Interest Rates
- Northeast Small Finance Bank
Offers 9.00% interest on FDs ranging from 1 year to 3 years, making it a great short-term investment option.
Suryoday Small Finance Bank
Provides 9.10% interest on 5-year FDs, making it ideal for long-term investors.
Unity Small Finance Bank
Offers 9.50% interest on 1001-day FDs and 8.65% interest on 3-year FDs, ensuring higher returns.
Jana Small Finance Bank
Provides 8.75% interest on FDs ranging from 1 year to 3 years, making it a profitable choice for short- and medium-term investors.
Equitas Small Finance Bank
Offers 8.60% interest on 1-year FDs and 8.50% interest on 3-year FDs, providing safe and good returns.
Ujjivan Small Finance Bank
Provides 8.60% interest on 18-month FDs, an attractive option for medium-term investors.
Conclusion
Small finance banks like Northeast (9.00%), Suryoday (9.10%), and Unity Bank (9.50%) offer higher FD returns than major banks.
Senior citizens looking for high interest rates while keeping their investments secure can consider FDs in these banks.
