Senior Citizen FD Rates: These Banks Are Offering Returns of Up to 8% on 3-Year FDs—Check the Full List Now

Fixed Deposit Interest Rates: Alongside public and private sector banks, Small Finance Banks have now also started offering interest rates of up to 8% on Fixed Deposits (FDs) for senior citizens.

Senior Citizen FD Rates: Even today, bank FDs remain one of the most preferred investment options for people, as they guarantee fixed returns and carry no risk of capital loss.

This is particularly popular among senior citizens, as they receive higher returns on their deposits in bank FDs compared to the general public. Therefore, if you are a senior citizen yourself—or know someone who is—this news is highly relevant to you. In this article, we highlight several banks that are currently offering an interest rate of 8% on 3-year Fixed Deposits.

Small Finance Banks

Jana Small Finance Bank (Jana SFB): Offering senior citizens an annual interest rate of up to a full 8% on 3-year FDs.

Utkarsh Small Finance Bank (Utkarsh SFB): Here too, a fantastic interest rate of 8% is being offered to senior citizens on 3-year FDs.

Equitas Small Finance Bank (Equitas SFB): For a tenure of 3 years, this bank is also providing excellent returns on FDs, ranging from 7.50% to 8%.

Private Sector Banks

YES Bank: On 3-year FDs, YES Bank is offering senior citizens one of the highest interest rates, at 7.75%.

RBL Bank: This bank is also providing returns at a rate of 7.70% on FDs with a 3-year maturity period.

IDFC Bank: This bank is offering senior citizens an interest rate of 7.50% on deposits held for a tenure of 3 years. Government Banks

State Bank of India (SBI) — The country's largest bank is offering interest rates of 6.90% on FDs with a tenure of 2–3 years, and 6.80% on FDs with a tenure of 3–5 years.

Bank of India (BOI) — Bank of India is offering impressive returns of up to 7.45% to senior citizens on FDs with a 3-year tenure.

Punjab National Bank (PNB) — For a tenure of 3 years, this bank is offering interest to senior citizens at a rate of 6.80%.