FD is considered a great option for safe investment.
Fixed deposits have been a very favorite investment instrument for investors who give importance to the security of their money. If the investors are senior citizens (individuals aged 60 years and above) then they get even higher benefits. In FD, senior citizens are offered 0.25% to 0.50% more interest than normal customers. If you are also a senior citizen and want to make a fixed deposit, then at present there are many private banks which are offering very attractive interest rates. Come, let us understand some such special offers here so that it can help you in taking investment decision.
Bandhan Bank
Offers interest rates up to 8.55% for senior citizens. FD can be made at interest rates of 8.55% for 1 year, 7.75% and 6.60% for 3 years and 5 years respectively.
DCB Bank
DCB Bank is also offering interest up to 8.55% on FD. If you make an FD for 1 year, you will get 7.60% interest, while for 3 years you will get 8.05% interest rate and for 5 years, you will get 7.90% interest rate.
SBM Bank
SBM Bank is offering FD for senior citizens at a maximum interest rate of 8.75%. In this bank, interest will be 7.55% for 1 year, 7.80% for 3 years and 8.25% for 5 years.
RBL Bank
In RBL Bank also a maximum interest rate of 8.60% is being offered to senior citizens. According to paisabazaar, if you make FD in this bank for a period of 1 year and 3 years, then the interest rate is 8.00%, while the interest rate for 5 years is 7.60%.
IndusInd Bank
IndusInd Bank is also offering a maximum interest rate of 8.25% for senior citizens. 8.25% interest is applicable even for a period of 1 year, while 7.75% interest is available on FDs of 3 years and 5 years.
Yes Bank
In Yes Bank you can get FD at maximum interest rate of 8.25%. The interest rate for 1 year is 7.75%, while 8% interest rate is being offered on FDs of 3 years and 5 years.
Tamil Nadu Mercantile Bank
This private sector bank is offering FD at a maximum rate of 8.25%. In this, 7.50% interest is being given on 1 year FD. The rate is 7% for tenures of 3 years and 5 years.
IDFC First Bank
IDFC First Bank offers a maximum interest rate of 8.25% to senior citizens. For a tenure of 1 year the rate is 7.00%, while for 3 years and 5 years the interest rates are 7.30% and 7.25% respectively.
Latest Business News
