Even today, bank FDs are one of the most preferred investment options for people, as they guarantee fixed returns and there is no risk of loss of principal. These are especially popular among senior citizens, who get higher returns on their deposits in bank FDs compared to the general public. So, if you are a senior citizen yourself – or know someone who is a senior citizen – then this news is very relevant for you, because we are going to tell you about several banks that are currently offering interest rates of 8% on 3-year fixed deposits (FD).
Small Finance Bank
Jan Small Finance Bank (Jan SFB):** Offers attractive annual interest rates of up to 8% on 3-year FDs to senior citizens.
Utkarsh Small Finance Bank (Utkarsh SFB):** Here too, senior citizens are being offered an impressive interest rate of 8% on 3 year FD.
Equitas Small Finance Bank (Equitas SFB):** For a tenure of 3 years, this bank is also offering excellent returns on FD, with interest rates ranging between 7.50% to 8%.
private sector banks
Yes Bank:** On 3 year FD, Yes Bank is also offering an interest rate of 7.75% to senior citizens.
RBL Bank:** This bank is also offering interest rate of 7.70% on FD with maturity of 3 years.
IDFC Bank:** This bank is offering 7.50% interest rate to senior citizens on the amount deposited for a period of 3 years
public sector banks
State Bank of India (SBI):** The country’s largest bank is offering interest rates of 6.90% on FDs with a tenure of 2-3 years and 6.80% on FDs with a tenure of 3-5 years.
Bank of India (BOI):** Bank of India is offering excellent returns of up to 7.45% on 3 year FD to senior citizens. Punjab National Bank (PNB) – For a tenure of 3 years, this bank is offering an interest rate of 6.80% to senior citizens.
