After the RBI paused rate hike cycle in the last two policy meetings, many banks, especially large ones, have stopped raising rates on Fixed Deposit and some even have slashed FD rates, including on those meant for senior citizens.
Small finance banks, however, are still giving attractive interest rates on FDs. Here are the 5 such banks which are giving more than 9 percent interest on FD to senior citizens.
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Unity Small Finance Bank FDsThis bank is offering senior citizens more than 9 percent interest rate on FD (Unity Small Finance Bank FD). The bank is paying 9.25 per cent interest to senior citizens on FDs maturing in 181 to 201 days. The bank is also offering 9.25 per cent interest on 501 days FD. At the same time, the bank is offering 9.5 percent interest rate on 1001 days FD.
Fincare Small Finance Bank FDsFincare Small Finance Bank is offering 9.11 percent interest rate on senior citizen FDs of 1000 days maturity.
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Jana Small Finance Bank FDsThis bank is offering 9 percent rate on FDs for senior citizens for select tenures. The bank is offering 9 percent interest rate to senior citizens for FDs maturing between 366 to 499 days. This bank is paying 9 percent interest on FDs maturing between 501 to 730 days. At the same time, it is offering 9 percent interest on FDs maturing in 500 days.
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Suryoday Small Finance Bank FDsThis bank is offering 9.6 percent interest rate to senior citizens FD maturing in 5 years. At the same time, an interest rate of 9 percent is being received on FDs maturing in 999 days.
ESAF Small Finance Bank FDsESAF Small Finance Bank is giving 9 percent interest rate on senior citizen FDs maturing in 2 and 3 years.
