FD Update: You are getting heart-warming interest on FD of 432 days, it will not take long for the money to double..
Most people in the country are always worried about getting safe investments and good returns. In such a situation, the best option for a safe investment for you is a fixed deposit, on which pre-determined interest is available. Three banks in the country are offering interest rates of more than eight percent for senior citizens on FDs to be completed in three years.
There are also some conditions to invest under this scheme. To invest in this FD, the age of the investor should be more than 60 years and less than 80 years, while the investment amount should be less than Rs 3 crore. Let us know about them in detail.
DCB Bank India Senior Citizen FD Rate-
DCB Bank India is offering a great interest rate for senior citizen customers. The bank is offering an interest rate of 8.05 percent on FDs to be completed in more than 26 months and less than 37 months.
RBL Bank Senior Citizen FD Rate-
Private sector bank RBL Bank is offering an 8 percent return to its customers above 60 years of age on fixed deposits maturing between 289 days (24 months and one day) and 432 days (36 months).
Yes Bank Senior Citizen FD Rate-
At the same time, private bank Yes Bank is offering an 8 percent return to its customers for senior citizens on special FDs maturing between 24 months to 36 months.
Bandhan Bank Senior Citizen FD Rate-
Bandhan Bank is offering an interest rate of 7.75% on FDs of less than three years to five years for its senior citizen customers.
IndusInd Bank Senior Citizen FD Rate-
IndusInd Bank is offering an interest rate of 7.75% on senior citizen FDs maturing between two years and seven months to three years and three months.
Bank of Baroda Senior Citizen FD Rates-
Bank of Baroda is offering a return of 7.75% on Senior Citizen FDs maturing between two years to three years.
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