Yes Bank and Suryoday Small Finance Bank give good returns to senior citizens on FDs maturing in 3 years.
New Delhi. Even today, when it comes to investing, most people recommend FD i.e. Fixed Deposit. FD is considered to be a better option in terms of investment, which gives guaranteed returns. In this, more returns are available than the Savings Account. Although the FD rates of many banks are decreasing. Despite this, there are some banks like Yes Bank and Suryoday Small Finance Bank which give good returns to senior citizens on FDs maturing in 3 years.
Suryoday Small Finance Bank is offering the highest interest rate of 7.50 percent on FDs maturing in 3 years. That is, in 3 years, Rs 1 lakh of senior citizens will become Rs 1,24,972. On the other hand, Yes Bank is offering 7.25% interest on 3-year FD to senior citizens. Recently Yes Bank has cut it by 25 basis points, otherwise Yes Bank was also paying 7.50 percent interest earlier. That is, if you deposit Rs 1 lakh in Yes Bank, then in 3 years this amount will become Rs 1,24,055.
DCB Bank is giving 7 percent interest to senior citizens on FDs maturing in 3 years. At the same time, IndusInd Bank is also giving 7 percent interest. RBL Bank gives 6.90 percent, Bandhan Bank and IDFC First Bank 6.25 percent interest.
At the same time, Canara Bank gives 6 percent, Union Bank 6 percent, Bank of India 5.80 percent, SBI 5.80 percent and Punjab and Sind Bank 5.75 percent interest on 3-year FDs to senior citizens in public sector banks. While Ujjivan Small Finance Bank is giving 7.25 percent interest in Small Finance Bank, Equitas Small Finance Bank 7.15 percent and AU Small Finance Bank 7 percent.
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