For senior citizens in search of attractive returns on their savings, a golden opportunity has emerged! Several banks are currently offering interest rates exceeding 9% on fixed deposits (FDs) of less than Rs 2 crore. The prospect of earning a super income becomes achievable with an investment as low as Rs 1 lakh. Let’s delve into the details of these lucrative options:
1. Unity Small Finance Bank
- Interest Rate: 9.50%
- Tenure: 1001 days
- Details: Unity Small Finance Bank offers a generous 9.50% interest rate on FDs maturing in 1001 days for senior citizens.
2. Fincare Small Finance Bank
- Interest Rate: 9.21%
- Tenure: 750 days
- Details: Fincare Small Finance Bank provides senior citizens with an impressive 9.21% interest rate on FDs with a maturity period of 750 days.
3. Utkarsh Small Finance Bank
- Interest Rate: 9.10%
- Tenure: 2 to 3 years
- Details: Senior citizens can enjoy an attractive 9.10% interest rate on FDs maturing between two and three years with Utkarsh Small Finance Bank.
4. Equitas Small Finance Bank
- Interest Rate: 9%
- Tenure: 444 days
- Details: Equitas Small Finance Bank offers a solid 9% interest rate on FDs maturing in 444 days for senior citizens.
5. ESAF Small Finance Bank
- Interest Rate: 9%
- Tenure: 2 to 3 years
- Details: ESAF Small Finance Bank provides an attractive 9% interest rate on FDs maturing between two and three years for senior citizens.
6. Jana Small Finance Bank
- Interest Rate: 9%
- Tenure: More than 2 years to less than 3 years
- Details: Jana Small Finance Bank offers a competitive 9% interest rate on FDs maturing between more than two years and less than three years for senior citizens.
Safety First: Remember, deposits in small finance banks are insured by the Deposit Insurance Credit Guarantee Corporation (DICGC) up to Rs 5 lakh, providing added peace of mind for your hard-earned savings.
So, if you’re a senior citizen looking for a secure and high-yield investment option, consider these fixed deposits from trusted banks. Act fast, as these rates are subject to change.
