Bank FD is a safe option for FD investment for senior citizens. There is no risk of losing money in this. From the private sector DCB Bank, senior citizens are getting 8.35 percent interest on FDs of more than 25 months and less than 37 months. IndusInd Bank is offering 8.25 percent interest on 19 month FD.
Bank FD is one of the safest investment options. There is no risk of losing money in this. While purchasing FD, the fixed interest is available till maturity. Senior citizens who want to take risks. Bank FD is a good investment option for them.
Which banks are giving the highest interest on FD to senior citizens?
DCB Bank
From the private sector DCB Bank, senior citizens are getting 8.35 percent interest on FDs of more than 25 months and less than 37 months. The bank is giving 8.5 percent interest on 37 month FD. This is one of the interest rates offered by the bank on FD of any tenure.
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Indusind Bank
IndusInd Bank is giving 8 percent interest to senior citizens on FDs of 33 months and 39 months. At the same time, the interest on FD of 19 months and 24 months is 8.25 percent.Yes Bank
Yes Bank gives 8 percent interest to senior citizens on FDs of 36 months to less than 60 months. At the same time, 8.25 percent interest is being given to senior citizens on FDs of 18 months to less than 24 months.
Bandhan Bank
Bandhan Bank is offering 7.75 percent interest to senior citizens on FDs of 3 years to less than 5 years. Bandhan Bank is offering 8.35 percent interest to senior citizens on FD of 500 days.
IDFC First Bank
Discount up to Rs 50,000 is available
In the income tax return, senior citizens are given exemption on interest received on bank FD up to Rs 50,000. After this 10 percent TDC is deducted.
