Senior citizens bank fixed deposit (FD) rates above 9%. Check details3 min read . Updated: 02 Aug 2020, 07:21 AM IST
- Interest offered to senior citizens on FD is slightly higher than what is offered to other individuals
- SBI, ICICI Bank, HDFC Bank and others give 50 bps extra to senior citizens than others on fixed deposits
State Bank of India (SBI), ICICI Bank, HDFC Bank and others give 50 basis point extra to senior citizens than others on fixed deposits (FDs). Like, top lenders, Small Finance Banks (SFBs) also offer higher interest rates on FDs to senior citizens. Interest rates on fixed deposits have been falling in the recent times. But SFBs continue to offer relatively higher rates as compared to other top banks.
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