Highest FD Rate: Senior Citizens Get More interest in Fixed Deposits
Highest FD Rate: Senior citizens get more interest in fixed deposits run by banks than in the schemes run for general investors. Its simple meaning is that if you invest in FD in the name of a senior citizen. So you get more returns on money. Senior Citizen FD Scheme has given a great option to the elderly to increase and protect their investments. Through these they also help in meeting the financial needs of the elderly.
If you want more interest then invest here
Under Section 80TTB of the Income Tax Act, senior citizens can avail deduction of up to Rs 50,000 on such income. This makes it even more beneficial. For some time now, good interest is being provided by banks on FD. But if you want even more interest than this. So see our report. By investing here, senior citizens are offered good interest on FD.
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Equitos Small Finance Bank
This bank gives 4% to 9% interest to the common people on deposits for 7 days to 10 years. The maximum interest given is 9% on FD which matures in 444 days. Senior citizens get 0.50% extra interest over the rates offered to general investors. These rates are applicable from August 21, 2023.
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Fincare Small Finance Bank
In this bank, senior citizens get interest ranging from 3.60% to 9.21% on tenure ranging from 7 days to 10 years. The highest interest rate in this bank is 9.21%. Which is available on FD maturing in 750 days. These rates are applicable from October 28, 2023.
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Jana Small Finance Bank
This bank gives 3.50% to 9% interest to senior citizens on deposits for a period of 7 days to 10 years. The highest interest rate is 9%. Which is payable on FD maturing in 365 days. The bank has implemented these rates from January 2, 2024.
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Unity Small Finance Bank
Unity Small Finance Bank offers 4.50% to 9.50% interest to senior citizens on deposits for tenures ranging from 7 days to 10 years. The highest interest rate payable on FD maturing in 1001 days is 9.50%. These rates are applicable from 2 February 2024.
Superfast News Coverage By YuvaPatrkaar.com Team
Publish Date: February 26, 2024
Posted By Sunil