Senior citizens bank fixed deposit rates at 8% and more. Check FD rates of 4 banks here
- Let's take a look at the FD interest rate offered by banks, small finance banks to senior citizens
Fixed deposits (FD) are often preferred investment options for senior citizens. Most of the banks give 50 basis points (bps) interest to senior citizens over and above the general customers. Interest rates on fixed deposits have been falling. Four successive repo rate hike by the Reserve Bank of India (RBI) have pushed the banks to increase their fixed deposit (FD) rates. Some banks even are offering inflation-beating rates on FDs.
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