Higher interest for senior citizens: Investment made in FD remains completely safe. Banks give higher interest on FD to senior citizens.
- HDFC Bank is offering 7.25 percent interest on FDs maturing in 18 to 21 months.
- SBI is giving 7 percent interest on FD of 2 to 3 years. Whereas 6.75 percent interest is being given on FD of 3-5 years.
- ICICI Bank gives 6.7 percent interest on FD between 12 months to 15 months. This interest rate on FD of 15 months to two years is 7.20 percent.
- But let us tell you that small finance banks give more interest than nationalized banks. Let us know about the interest rates of small finance banks-
- North East Small Finance Bank (NESFB) offers 8.50% interest on FD to the general public. The interest rate for senior citizens is 9.25%.
- Shivalik Small Finance Bank is offering interest ranging from 3.50% to 8.70%. For senior citizens this interest is between 4% to 9.20%.
- The interest rate of Ujjivan Small Finance Bank is between 3.75% to 8.50%. The interest on FD of 15 months is 8.50% and for senior citizens this interest is 9%.
- Suryoday Small Finance Bank is offering interest between 4% to 9.01%. The interest rates of the bank for senior citizens are between 4.40% to 9.25%.