THESE banks offer up to 7.5% interest on FDs for senior citizens
For nearly two years, the Reserve Bank of India (RBI) has kept the benchmark repo rate constant at 4%. FDs are offered at low interest rates by the majority of major banks.
New Delhi: Fixed deposits should be used by senior citizens to invest a portion of their resources. It provides liquidity and generates interest income on a regular basis. For nearly two years, the Reserve Bank of India (RBI) has kept the benchmark repo rate constant at 4%. FDs are offered at low interest rates by the majority of major banks. According to statistics provided by BankBazaar, small finance banks and new private banks offer interest rates of up to 7.5 percent on three-year FDs for senior individuals. Here are the banks with the best three-year FD interest rates for senior adults.
IDFC First Bank
DCB Bank
RBL Bank
Equitas Small Finance Bank.
AU Small Finance Bank
Ujjivan Small Finance Bank
