FD Update: Strong returns with safe investment! This is a great opportunity to earn..

Fixed Deposit Interest Rates for Senior Citizens: If you also want to get great returns by investing your hard-earned money in a safe place, then Fixed Deposit (FD) has always been a great option. There is no market risk in this, and you get guaranteed returns on time. Some small finance banks of the country are giving such a strong interest on FD to please their customers, especially senior citizens, that you will be surprised to hear about it. These banks are offering great interest ranging from 8% to 8.50% on FD.

1. Slice Small Finance Bank

Slice Small Finance Bank is giving equal interest to both common citizens and senior citizens, i.e., at the rate of 8.50%. Customers are going to get this interest for a period of 18 months, 1 day to 18 months, 2 days.

2. Suryoday Small Finance Bank

Suryoday Small Finance Bank is giving tremendous benefits to senior citizens on long-term investment. If you want to invest money for 5 years and forget it, then this can be the best option for you. In this, senior citizens get interest at the rate of 8.40% and common citizens get interest at the rate of 7.75%.

3. Unity Small Finance Bank

Unity Bank is running a special FD scheme of 1001 days, in which senior citizens are getting an attractive interest of 8.25%. At the same time, common citizens get interest at the rate of 7.75%.

4. Jana Small Finance Bank

Jana Small Finance Bank is giving very good interest on medium-term FDs ranging from 1 to 3 years. Those who do not want to block money for a very long time can invest here. In this, senior citizens get interest at the rate of 8.25% and common citizens get interest at the rate of 7.75%.

5. Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is at number five in this list, which is offering more than 8% interest to senior citizens on FDs of 2 to 3 years. Senior citizens get interest at the rate of 8.15% and common citizens get interest at the rate of 7.65%.

How safe is it to keep money in a small finance bank?
This question comes to the mind of many people: is it safe to keep money in these small banks? So the answer is - yes, it is safe. Just like big banks like State Bank (SBI), HDFC, or ICICI work under the rules of the Reserve Bank of India (RBI), in the same way, these small finance banks also run under the supervision of the RBI. Apart from this, every customer's deposit up to Rs 5 lakh is completely safe under the rules of Deposit Insurance and Credit Guarantee Corporation (DICGC).

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