Additionally, most banks offer preferential interest rates to super senior citizens aged 80 years and above. Some banks also offer additional interest rates of 20-30 bps, over and above the additional senior citizen FD rates under special FD schemes. Banks usually offer an additional FD interest rate of 50-80 bps over the regular fixed deposit rates to senior citizens.
on tenures ranging from 1 year to 10 years. Senior citizens (of age 60 years and above) can earn fixed deposit rates of up to 9.50% p.a. Among scheduled public sector banks, the highest FD rate is offered by the Punjab & Sind Bank of up to 7.40% p.a. Among scheduled private sector banks, RBL Bank and DCB Bank offer the best FD interest rates of up to 8.00% p.a. followed by Shivalik Small Finance Bank offering FD rates of 8.65% p.a. Within the scheduled small finance bank category, Unity Small Finance Bank is offering the highest FD interest rate of 9.00% p.a.
and aboveĪmongst all bank categories, small finance banks are offering the best FD interest rates. Scheduled Banks offering highest FD interest rates – 6.50% p.a.
