New Delhi: Fixed deposits (FDs) offer a dependable income source and capital security, making them a prudent financial choice, especially for older investors seeking consistent returns. Senior citizen FDs, known for their safety and higher interest rates tailored for older adults, are highly favored. These FDs appeal to retirees looking for a stable income stream post-retirement, ensuring their savings grow steadily while mitigating risks.
Senior citizens benefit from preferential FD rates, often higher than those available to general depositors. These elevated rates enable seniors to accelerate the growth of their savings without assuming additional financial risks. By earning higher interest, their savings grow faster, helping them combat inflation and maintain their purchasing power throughout retirement.
Ujjivan Small Finance Bank FD rates
Ujjivan Small Finance Bank offers 9 per cent interest for a 15-month tenure, 8.75 per cent for a 3-year tenure, and 7.7 per cent for a 5-year tenure. Senior Citizens are offered an additional interest rate of 0.50 per cent on FD rates mentioned below.
Tenure
Interest Rate (p.a.) (Under ₹ 3 Crores)
7 days to 29 days
3.75%
30 days to 89 days
4.25%
90 days to 179 days
4.75%
6 months to < 12 months
7.00%
12 months
8.25%
12 months 1day to 560 days(80 weeks)
8.00%
561 days to 990 days
7.75%
991 days to 60 months
7.20%
60 months 1 day to 120 months
6.50%
Additional Interest Rate for Senior Citizens
0.50%
AU Small Finance Bank FD rates
AU Small Finance Bank offers 8.5 per cent for a 1-year tenure, 7.25 per cent for an 18-month tenure, and 8 per cent for a 3-year tenure. As per the website of AU small Finance Bank, these rates have come into effect from June 07, 2024.
Tenure Bucket
Interest Rates
7 Days to 1 Month 15 Days
4.25%
1 Month 16 Days to 3 Months
6.00%
3 Months 1 Day to 6 Months
6.50%
6 Months 1 Day to 12 Months
7.75%
12 Months 1 Day to 15 Months
8.35%
15 Months 1 Day to less than 18 Months
8.00%
18 Months
8.50%
18 Months 1 Day to 24 Months
8.25%
24 Months 1 Day to 36 Months
8.00%
36 Months 1 Day to 45 Months
8.00%
45 Months 1 Day to less than 60 Months
7.75%
60 Months to 120 Months
7.75%
IndusInd Bank FD rates
IndusInd Bank provides 8.25 per cent interest for tenures ranging from 1 year to 2 years, 7.75 per cent for a 3-year tenure, and 7.75 per cent for a 5-year tenure.
Less than 3 Cr* (Senior Citizen)
Not applicable for NRE/NRO deposits
Tenure
Rate
7 days to 14 days
4
15 days to 30 days
4
31 days to 45 days
4.25
46 days to 60 days
5.25
61 days to 90 days
5.25
91 days to 120 days
5.25
121 days to 180 days
5.5
181 days to 210 days
6.35
211 days to 269 days
6.6
270 days to 354 days
6.85
355 days to 364 days
7
1 Year to below 1 Year 3 months
8.25
1 Year 3 months (15 months) to below 1 Year 4 months (16 months)
8.25
1 Year 4 months to below 1 Year 6 months
8.25
1 Year 6 Months up to 2 Years
8.25
Above 2 Years to below 2 Years 6 Month
7.75
2 years 6 Months (30 months) to below 2 years 7 months (31 months)
7.75
2 year 7 months to 3 years 3 months
7.75
Above 3 years 3 months to below 61 month
7.75
61 month and above
7.5
Indus Tax Saver Scheme (5 years)
7.75
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Which bank has the highest FD rates for senior citizens? AU Small Finance Bank, IndusInd Bank FD, or Ujjivan Small Finance Bank. Business Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
