Interest rates on fixed deposits: Excellent news for seniors! With these ten banks, you can earn extra interest.

 Interest rates on fixed deposits: Excellent news for seniors! With these ten banks, you can earn extra interest.

Because fixed deposits are the primary investment vehicle of choice for elderly adults, these ten banks are offering you higher interest rates for favourable returns.

Rate Of interest for Senior Citizen Fixed Deposits: If you are a senior citizen and wish to invest in a fixed deposit with any bank, these 10 banks will provide you a higher interest rate in exchange for your successful investments. Are. Because FDs are the primary investing method of choice for senior citizens. Describe how most of the nation's top lending banks offer interest rates that are 50 basis points (bps) higher than those offered to regular consumers.

Banks are raising lending and deposit rates as a result of the RBI's increase in the repo rate beginning in May 2022. Consequently, investors in FDs are pleased to see competitive returns on their deposits. Due to an increase in the repo rate, interest rates are increasing. The Reserve Bank of India's repo rate determines the cost of bank borrowing (RBI).


The Reserve Bank increased the benchmark policy rate by 25 basis points to 6.5% on February 8 in response to persistent core inflation. The Reserve Bank of India (RBI) increased the interest rate for the sixth time since May of last year, bringing the total increase to 250 basis points. Here is a list of the top lending institutions that provide elderly folks the greatest interest rates on fixed deposits.



These 10 banks provide competitive interest rates.

FD rate at Bandhan Bank

• 600 days (1 year, 7 months, 22 days) (1 year, 7 months, 22 days) 8.50%

In fact, bank fd rate

• 8.25% for a term of 35 months

• 8.00% during a 25-month period

Fd rate for Axis Bank

• For two years to thirty months, 8.01%

Rate for IDFC First Bank FDs

• From 18 months and 1 day until 3 years (549 Days to 3 Years) 8.00%

bank fd rate for Indusind

• Over two years 2 years to 1 month under six months 8.25%

• Two years six months to two years nine months or less 8.25%

• Between two and three years and nine months 8.25%

• From 61 months to more than 3 years and 3 months 8.00%


FD Rate at Sunrise Bank

• Over one year 8.51% from 6 months to 2 years

• For more than 2 years 998 days, 8.01%

• For 999 days, 8.76%

bank fd rate at rbl

453–459 days (15 months) 8.30%

• 460–724 days (15 months 1 day to less than 725 days) 8.30%

• For 725 days, 8.30%

bank fd rate for dcb

• 8.00% from 700 days to fewer than 18 months

• 700 days 8.00%

• Over 700 days. 36 months or less 8.35%

36-month period: 8.35%

• Between 36 and 60 months 8.10%

• Between 60 and 120 months 8.10%

FD Rate for Equitas Small Finance Bank

• For 888 days, 8.5%

Rates for Ujjivan Small Finance Bank's FDs

• 8.75% on FD for 80 weeks