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Fixed Deposit: Investing your accumulated capital in Fixed Deposit (FD) is considered a good option. Here you get guaranteed returns after a fixed period. Currently, the country’s top major banks including SBI, ICICI and HDFC are offering an additional 50 basis points of interest to their senior citizen customers. The country’s Small Finance Banks (SFBs) are also not far behind in this race. Today i.e. on the occasion of World Senior Citizen Day on August 21, let’s know about 7 banks that are offering 9% interest to their customers.
Equitas Small Finance Bank
Equitas Small Finance Bank offers 9% interest on 444 day FD to its senior citizen customers. These interest rates will be applicable from August 21.
ESAF Small Finance Bank: ESAF Small Finance Bank offers 9% interest to its senior citizen customers on FDs of tenure less than 2 years to 3 years. These interest rates will be applicable from April 14.
Fincare Small Finance Bank
Fincare Small Finance Bank offers 9% interest on 500 day FD, 9.43% on 750 day FD and 9.21% on 1000 day FD to its senior citizen customers. These interest rates will be applicable from July 26.
JANA SMALL FINANCE BANK
Jana Small Finance Bank is offering 9% interest on 1095 day FD to its senior citizen customers. These interest rates will be applicable from August 15.
North East Small Finance Bank
North East Small Finance Bank is offering 9.25% interest on 555 day FD and 9.25% interest on 1111 day FD to its senior citizen customers. This interest rate will be applicable from June 9.
Suryodaya Small Finance Bank
Suryodaya Small Finance Bank offers 9% interest on 15 months to 2 years HD and 9.10% interest on FDs from 2 years to 3 years to its senior citizen customers. These interest rates will be applicable from 7th August.
Unity Small Finance Bank
Unity Small Finance Bank offers interest ranging from 9.25% to 9.50% to its senior citizen customers. These interest rates will be applicable from August 11.