Senior Citizen FD Interest Rate: See below for information on the 8. Banks offering up to 9.6% interest on FDs

 Senior Citizen FD Interest Rate: See below for information on the 8. Banks offering up to 9.6% interest on FDs

The elderly Citizen Savings Scheme (SCSS) was created expressly to provide elderly persons high returns on their investments. Nevertheless, many banks now offer FDs with higher interest rates than this program. Ujjivan Small Finance Bank, Yes Bank, Bandhan Bank, and Jan Small Finance Bank are a few of these banks.

Yes Bank: Seniors may earn up to 8.25 percent interest on savings accounts at this private sector bank.

Bandhan Bank: Customers sixty years of age and above may earn 8.35 percent interest from this bank.

Ujjivan Small Finance Bank: Seniors may get up to 8.75 percent interest from this bank.

Seniors may get interest on savings accounts (FDs) at Utkarsh Small Finance Bank, up to 8.6 percent.

Jana Small Finance Bank: This bank gives those over 60 years old interest at a rate of nine percent.

Seniors who invest in the ESAF Small Finance Bank will also get a 9% interest rate on their funds.

Seniors who have FDs at Unity Small Finance Bank will get 9.5 percent interest.

Out of all these institutions, Suryoday Small Finance Bank gives older persons the highest interest rate. Here, those 60 years of age or more may get a maximum interest rate of 9.60 percent.