Get FD done in these banks in the name of mom-dad, grandparents, you will get a whopping interest of up to 9.5%

Senior Freepik 1724217407

Highest FD Interest Rates for Senior Citizens: World Senior Citizen Day, celebrated for the first time in the year 1991, is now celebrated every year on 21 August. Today is 21 August and World Senior Citizen Day is being celebrated all over the world. To make this special occasion memorable, you can open an FD account in the name of your parents, or grandparents. Here we will tell you about those banks that are giving a huge return of 9.5 percent to senior citizens.

These banks are paying more interest than regular commercial banks

Yes, many small finance banks in the country are offering higher interest rates on fixed deposits to senior citizens than regular commercial banks. Here we have collected information about the highest interest plans offered by 6 different small finance banks on FDs for senior citizens. The maximum interest in these is 9.5 percent and the minimum interest is 8.75 percent.

Jana Small Finance Bank

Jana Small Finance Bank is offering 8.75% interest to senior citizens on FDs with tenures of 365 days, 730 days, and 1095 days.

Equitas Small Finance Bank

Equitas Small Finance Bank is offering 9.00% interest to senior citizens on FDs with a tenure of 444 days.

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is offering 9.10% interest to senior citizens on FDs with tenures of 730 days to 1095 days and 1500 days.

Suryoday Small Finance Bank

Suryoday Small Finance Bank is offering 9.10% interest to senior citizens on FDs with tenures ranging from 2 years to 3 years.

Unity Small Finance Bank

Unity Small Finance Bank is offering 9.50% interest to senior citizens on FDs with a tenure of 1001 days.

North East Small Finance Bank

This bank is offering 9.50% interest to senior citizens on fixed deposits with a tenure of 546 days to 1111 days.