Where will senior citizens get the highest interest on FD, see the list of top 10 banks here

Highest FD Rates for Senior Citizens: Last year, the Reserve Bank of India had made a bumper cut in the repo rate by 1.25 percent. While on one hand loan interest rates came down due to reduction in repo rate by RBI, on the other hand banks also reduced the interest paid on FD accounts. Here we will know about those 10 banks which are offering the highest interest on FD accounts to senior citizens above 60 years of age. We will tell you about those specific periods on which banks are offering the highest returns. Let us tell you that not a single government bank is included in the list of top 10 banks offering highest interest on FD accounts to senior citizens. All the banks included in the list of top 10 banks are private sector banks.

Top 10 banks giving highest interest on FD to senior citizens

1. CSB Bank is offering 7.30 percent interest to senior citizens on FD account with a tenure of 13 months.
2. Tamilnad Mercantile Bank is offering 7.40 percent interest to senior citizens under the 400-day special FD scheme.
3. IDFC FIRST Bank is offering 7.50 percent interest to senior citizens on FD accounts with tenure ranging from 450 days to 5 years.
4. Jammu and Kashmir Bank is offering 7.50 percent interest to senior citizens under the special FD scheme of 888 days.
5. IndusInd Bank is offering 7.50 percent interest to senior citizens on FD scheme with a tenure of 18 months to 19 months.
6. SBM Bank India is offering 7.60 percent interest to senior citizens on FD accounts with tenure of more than 15 months and 3 years 2 days.
7. DCB Bank is offering 7.65 percent interest to senior citizens on FD schemes with a tenure of 60 months to 61 months.
8. Bandhan Bank is offering 7.70 percent interest to senior citizens on FD accounts with tenure of more than 2 years and less than 3 years.
9. RBL Bank is a private bank, which is offering 7.70 percent interest to senior citizens on FD with a tenure of more than 18 months and 3 years.
10. Private sector Yes Bank is offering the highest interest rate of 7.75 percent to senior citizens on FD accounts with tenure of more than 3 years and less than 5 years.

This data is taken from Paisabazaar.com

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