Fixed Deposits are the most preferred investment option of the people in all types of Savings Schemes. This method of saving is liked by people of all ages. Investing in fixed deposits is very popular among senior citizens.
New Delhi. Fixed Deposits are the most preferred investment option of the people in all types of Savings Schemes. This method of saving is liked by people of all ages. Investing in fixed deposits is very popular among senior citizens. Because along with getting good liquidity in them, there is an expectation of getting fixed interest income at a fixed time.
RBI has maintained its repo rate at 4 per cent in almost 1 year, due to which most banks have reduced the interest rates on FDs. Despite falling interest rates, many small private banks are offering up to 7 percent interest on 3-year FDs to senior citizens. We are giving a list of top 5 banks that offer the highest interest rate on 3-year FDs to senior citizens.
1. Yes Bank
Yes Bank is giving 7 percent interest to senior citizens on 3-year FD. This bank is giving the best interest among private banks. If Rs 1 lakh is put in FD at this interest rate Yes Bank, then after 3 years you will get Rs 1.23 lakh.
2. RBL Bank
RBL Bank is giving 6.80 percent interest to senior citizens on 3-year FD. If a senior citizen puts Rs 1 lakh in FD in RBL Bank today, then after 3 years you will get Rs 1.22 lakh.
3. IndusInd Bank
This bank is giving 6.50 percent interest to senior citizens on 3-year FD. If a senior citizen puts Rs 1 lakh in FD in IndusInd Bank today, then after 3 years you will get Rs 1.21 lakh. In this you have to invest a minimum of Rs 10000.
4. DCB Bank
Paying 6.45 percent interest to senior citizens on 3-year FD. If a senior citizen puts Rs 1 lakh in FD in DCB Bank today, then after 3 years he will get Rs 1.21 lakh. In this you have to invest a minimum of Rs 10000.
5. IDFC First Bank
Paying 6.25 percent interest to senior citizens on 3-year FD. If a senior citizen has deposited Rs 1 lakh in FD in DCB Bank today, then after 3 years he will get Rs 1.20 lakh.
