HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor’s age; ICICI Bank is offering FD rates up to 7.75 per cent, SBI is giving up to 7.50 per cent a year
Most top public and private lenders have been offering interest rates in the range of 7-8 percent per annum. Senior citizens are entitled to receive an extra 50 basis points over and above of the prevailing interest rate
Small Finance Banks (SFBs) offer lucrative interest rates compared to commercial banks to boost their deposits. From Unity Small Finance Bank, North East Small Finance Bank to Suryoday Small Finance Bank, Equitas Small Finance Bank, check out 8 banks offering 9% or higher interest rates to senior citizens on fixed deposits (FDs).