Senior Citizen FD Rates: Five banks are offering seniors up to 8.1% interest on FDs; see details

Senior Citizen FD Rates: Five banks are offering seniors up to 8.1% interest on FDs; see details

Senior Citizen FD Rates: Five banks are offering seniors up to 8.1% interest on FDs; see details

Senior Citizen FD Rates: Interest on FDs (Fixed Deposits) is a significant source of income for seniors as they age. These older folks get more from FD the higher their interest rate.

Seniors who have Fixed Deposits (FDs) get interest, which is a significant source of income in old age. These older folks get more from FD the higher their interest rate. Senior citizen FDs are now offering competitive interest rates from a number of private sector banks. Seniors may get interest of up to 8.1 percent on FDs with a three-year term. On FDs worth less than Rs 2 crore, this interest rate is being offered. Tell us which private banks are offering senior citizen FDs with interest rates as high as 8.1 percent.

1. Senior citizen FD rates at DCB Bank

Senior folks may get an interest rate of 8.1 percent on FDs from DCB Bank. This interest is offered on fixed-rate notes that mature in a period of 26 to 37 months. This means that in 8.8 years, the money you invested in this FD will double.

2. Senior Citizen FD rates at RBL Bank

Senior folks may get an interest rate of 8% on their FDs from RBL Bank. Senior persons who have FDs created for a duration of 24 to 36 months are eligible for this interest. Your FD amount at RBL Bank won't double for nine years.

3. Senior citizen FD rates at IndusInd Bank

Senior Citizen FDs from IndusInd Bank are eligible for an interest rate of 8%. This interest rate is offered on FD for terms of two years, nine months, to three years, three months. In this sense, your money will double in nine years if you open a senior citizen FD with IndusInd Bank.

4. Senior Citizen FD rates at IDFC Bank

Senior Citizen FDs from IDFC Bank have an interest rate of 7.75 percent. This deal is valid for FD for a period of two years, one day, or three years. It would take 9.2 years for your money to double if you invest in this FD.

5. Senior Citizen FD rates at ICICI Bank

You may open an ICICI Bank senior citizen FD if you'd like. This is an offer for a 7.5 percent interest rate. This rate is applied to FDs that mature in a time frame of two years, one day, or three years. In 9.6 years, the amount in this FD will double.