Produced by: Teena Jain Kaushal
Designed by: Mohsin Shaikh
Source: BankBazaar data as of Sept 15
Senior citizens can earn a 9.50% interest rate on their FDs with a tenure of 1001 days. It offers a 0.5% premium to senior citizens
Source: BankBazaar data as of Sept 15
North East Small Finance Bank is offering senior citizens a 9.25% interest rate on FDs with a tenure of 555 to 1111 days, with a premium of 0.75%
Source: BankBazaar data as of Sept 15
Fincare SFB offers senior citizens a 9.11% interest rate on FDs with a tenure of 750 days, providing a premium of 0.60%
Source: BankBazaar data as of Sept 15
Utkarsh Small Finance Bank offers a 9.10% interest rate to senior citizens for FDs with a tenure of 2 to 3 years, along with a 0.60% premium
Source: BankBazaar data as of Sept 15
Suryoday SFB offers senior citizens a 9.10% interest rate on FDs with a tenure of more than 2 to 3 years, while others receive an 8.60% interest rate
Source: BankBazaar data as of Sept 15
ESAF SFB offers 9% interest on FDs with a tenure of 2 to less than 3 years for senior citizens, with an interest rate of 8.5% for others
Source: BankBazaar data as of Sept 15
Jana SFB provides senior citizens with a 9% interest rate on FDs with a tenure of more than 2 to 3 years
Source: BankBazaar data as of Sept 15
Equitas SFB offers a 9% interest rate on FDs with a tenure of 444 days, with a 0.50% premium for senior citizens
Small Finance Banks (SFBs) offer lucrative interest rates compared to commercial banks to boost their deposits
Similar to traditional banks, SFBs also offer insurance coverage of up to Rs 5 lakh on bank deposits to their customers
With a high interest rate of 9%, FDs remain one of the safest investment options for senior citizens to earn a regular income