Senior citizen fixed deposit (FD): It is natural for senior citizens to want to get a fixed income in their retirement life without any hassle. So it is common for most of the senior citizens to keep their hard earned savings in fixed deposits which are safe investments. Want to get fixed income by doing FD in bank. So there is no need to search which bank has the highest interest while doing FD. Because here we have given you information about banks that offer 9 percent interest on FDs.
It is common to make a fixed deposit so that the hard-earned money can be used for the future. It is better to invest money in investments that generate safe returns. Without it, there is a possibility of suffering losses in investments with little knowledge and experience.
People who want to invest in fixed deposit can invest in these five banks. Because these banks offer the best interest rates to senior citizens and are the banks with the highest interest rates compared to other big banks. 9 percent interest on senior citizen FD.
1. Unity Small Finance Bank
Unity Small Finance Bank (SFB) offers fixed deposit interest rates of up to 9 percent to general citizens and interest rates of up to 9.50% to senior citizens. The bank offers a higher interest rate of 9.50 percent for a tenure of 1001 days to senior citizens. The bank offers 9.25 percent interest for senior citizens for tenures of 181 to 201 days and 501 days.
2. Fincare Small Finance Bank
Fincare Small Finance Bank offers fixed deposit rates of 9.01 percent. The bank offers interest rates ranging from 3 percent to 8.41 percent for general public and 3.60 percent to 9.01 percent for senior citizens for 1000 days tenure FDs.
3. Jana Small Finance Bank
Jana Small Finance Bank offers interest rates between 4.25% to 9% for senior citizens. FDs with tenors of 366 to 499 days, 501 days to 2 years and 500 days are charged a higher interest rate of 9%.
4. Suryodaya Small Finance Bank
Suryodaya Small Finance Bank has interest rates of 9.60 percent on fixed deposits. The bank offers FD interest rates ranging from 4.50% to 9.60% for senior citizens with tenure of 5 years. Bank offers 9.50% on 999 days tenure and 9% for 1 year to 2 years. These rates are applicable from May 5, 2023.
5. Equitas Small Finance Bank
Equitas Small Finance Bank offers 9% to senior citizens on fixed deposits with tenure of 888 days. For others, the interest rate on fixed deposits can go up to 8.5 percent for deposits with a tenure of 888 days. The new interest rates are effective from April 11, 2023.
6. ESAF Small Finance Bank
ESAF Small Finance Bank offers an interest rate of 9% to senior citizens for tenure of 2 years to less than 3 years and 8.50% to general citizens.
