which bank has the highest FD rate for Senior Citizen

FD in these 7 banks  to urge  the benefit

see where you get the most benefit

News Patiala: 
                Older people in India depend more on FDs than whether the stock market is giving good returns or not. at present inflation is at a high level not only in India but all over the world. In such a scenario, the  Federal Reserve Bank of India had announced a hike in key lending rates in June, prompting banks to hike FD interest rates. Now that some lenders are offering higher interest rates for senior citizens on certain tenures, let’s see which banks are offering higher interest rates on FDs to senior citizens.

• Ujjivan Small Finance Bank

It is offering interest rates of up to 7.30 percent for microfinance lenders with tenures of but  18 months and one day in 24 months. Also for 15 months from in the future to 18 months is 7.70 percent. USFB offers the highest interest rate of 7.20 percent for a tenure of 24 months from in the future to 989 days. Also, it offers an interest rate of 7.80 percent for a tenure of 24 months. apart from this, the interest rate for 990 days and 42 months from 1 day to 60 months is 7.40 percent.

The highest interest rate offered by the lender is 7.75 percent for a term of 700 to 1000 days. It offers 7.40 percent for tenures from 365 to 699 days and 7.25 percent for tenures from 1001 to 5 years.

• Suryoday Small Finance Banks

The bank offers the highest interest rate of 7.99 percent for a tenure of 999 days. Offers a rate of interest of 7.50 percent on tenures from 2 years to 998 days and 1000 days to 3 years. The bank offers an interest rate of 7.25 percent for a tenure of 5 years.

• ESAF Small Finance Bank

The bank offers the highest interest rate of 7.75 percent for a tenure of two to three years. The bank offers an interest rate of 7.10 percent on tenures starting from 1 year 1 day to less than 2 years.

• Fincare Small Finance Bank

The highest interest rate offered by Fincare Small Finance Bank is 7.50 percent for 59 months to 66 months and 36 months 1 day to 42 months. It offers an interest rate of 7.25 percent for a tenure of 42 to 59 months.

• Equitas Small Finance Bank

This bank offers the very best interest rate of 7.50 percent for a tenure of 888 days. It offers 7.40 percent interest on tenures starting from  889 days to 3 years. The bank offers a rate of interest of 7.10 percent for a tenure of 1  year to 18 months.

• AU Small Finance Bank

This Jaipur-based lender offers the highest interest rate of 7.40 percent for tenures of 24 to 45 months and 60 to 120 months. It offers 7.10 percent on tenors starting from  12 months and 1 day to 15 months.