Senior Citizen Fixed Deposit- 5 Banks Offering 8% Interest Rate, Check Here

Published: Monday, January 30, 2023, 18:15 [IST]

Fixed deposits (FDs) are frequently preferred investment options for senior citizens. Despite the fact that banks are raising interest rates and passing the benefits on to customers, some banks are offering the best rates to senior citizens. Here are 5 banks offering 8% interest on fixed deposit to senior citizens.

IDFC FIRST Bank-

IDFC FIRST Bank offers the best FD interest rate of 8.00% for senior citizens on tenure of 18 months, 1 day and 3 years.

Bandhan Bank

Senior citizens can reap the benefit of 0.50% or 50 bps more, which will take their returns to as high as 8% for a 600-day tenure FD.

Axis Bank-

Axis Bank has the best FD interest rate of 8.01% for senior citizens with terms ranging from 2 years to less than 30 months.

Punjab National Bank-

Punjab National Bank has the best FD interest rate of 8.05% for super senior citizens with a tenure of 666 days.

Yes Bank

Yes Bank offers the best fixed deposit interest rate of 8.00% for senior citizens on special fixed deposits with a tenure of 25 months. The bank offers an 8.25% interest rate on a special deposit tenure of 35 months.

AU Small Finance Bank

AU Small Finance Bank offers 8.25% interest to senior citizens on deposits maturing in 2 years to 3 years and 3 years to 45 months.

DCB

DCB offers the best FD interest rate of 8.35% for senior citizens with tenures ranging from more than 700 days to less than 36 months. The bank is offering 8% on terms ranging from 18 months to 700 days.