Fixed Deposits (FDs) in India offer guaranteed returns, higher interest rates than savings accounts, and tax benefits. Small finance banks provide rates ranging from 4.5% to 9% for regular consumers and up to 9.5% for senior citizens
Small Finance Banks (SFBs) offer lucrative interest rates compared to commercial banks to boost their deposits. From Unity Small Finance Bank, North East Small Finance Bank to Suryoday Small Finance Bank, Equitas Small Finance Bank, check out 8 banks offering 9% or higher interest rates to senior citizens on fixed deposits (FDs).
Fixed Deposits are the term deposit accounts that let investors earn interest by depositing an amount for a certain period of time. The investment instrument is the best fit for risk-averse investors that lets them earn interest on the deposited amount over a period of time. Watch Business Today s Visual Story to know about fixed deposit schemes that are offering over 9% interest rate
When it comes to investing in India, bank fixed deposits (FDs) continue to be the most popular investment option. The fixed deposit (FD) interest rates have been rising since May 2022. Not only salaried class, or senior citizens, even millennials are in investing in term deposits. Watch Business Today s Visual Story on the latest FD rates and best schemes available.
Several banks have revised their interest rates and are offering attractive inflation-beating fixed deposit rates. Senior citizens are offered a wide range of benefits under FD schemes, besides the additional 0.50 per cent interest rate that most banks offer. Watch Business Today s to look at some of the best FD schemes currently available for senior citizens.