Senior Citizen – Good news for senior citizens. Actually this bank has made senior citizens happy. Explosive interest is being received on 501 days FD of this bank.
If you are planning to invest in FD, then many banks are giving 9% to 9.50% interest on fixed deposits.
Strong interest is being given on fixed deposits for senior citizens. FD interest rates have increased after the increase in the repo rate by the Reserve Bank of India.
Major banks of the country are giving interest ranging from 3.50 percent to 8 percent on fixed deposits from common citizens to senior citizens.
Although there are some small finance banks, which are giving 9% and 9.50% interest to senior citizens and common citizens.
Utkarsh Small Finance Bank is paying a high interest of 9 percent on 700 days tenure, while 8.25 percent interest is being given on this tenure for common citizens.
Talking about Unity Small Finance, it is giving 9% interest to common people and 9.50% interest to senior citizens on tenure of 1001 days. While 9.25 percent interest is being given to senior citizens on 501 days tenure.
However, before investing in these banks, you should check about the risk and safety of money and only then take a decision.
