If you are 60 years or older and want to invest in fixed deposits (FD), then this time can be beneficial for you. Some banks in the country are giving up to 7.85% interest to senior citizens on 3-year FDs. This interest will be given to those who make FDs of less than Rs 3 crore. Let's know the list of 5 such banks.
YES Bank is giving the highest interest
If you are looking for the highest interest rate, then YES Bank is at the top of this list. The bank is giving 7.85% interest to senior citizens on 3-year FDs, which is quite high according to the current market rates.
SBM Bank India is also not far behind
After YES Bank, SBM Bank India is also offering 7.8% interest to senior citizens. These rates apply to 3-year fixed deposits.
Bandhan Bank will give you a 7.75% interest rate.
Offer of RBL Bank
RBL Bank is also offering 7.6% interest on FD for senior citizens. This rate is a little less than other banks, but it can still be considered better than a normal FD.
IndusInd Bank will give you a 7.5% return.
IndusInd Bank is giving 7.5% interest on an FD of three years. This is also a stable and safe return option for senior citizens.
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