These 5 banks are giving 8.5 to 9 percent interest on FD to senior citizens, know the details

Highest FD Rates: After the increase in interest rates by the Reserve Bank, many banks have increased the interest of FD along with the loan. Apart from SBI, PNB, HDFC among major banks, small finance banks have increased the interest of their fixed deposits. For this reason, banks are now offering more than 7 per cent interest for common citizens and up to 9 per cent interest for senior citizens.

Unity Small Finance Bank has increased the interest on fixed deposits and is now giving maximum interest of up to 9% to senior citizens. This is the highest interest rate offered on FD by any bank. However, apart from this, there are some other small finance banks, which are giving 8.5% to 9% interest. Here information is being given about 5 such banks, which are giving up to 9% interest on fixed deposits to senior citizens.

Unity Small Finance Bank
This bank is giving interest ranging from 4.50% to 7% for common citizens on fixed deposits ranging from seven days to 10 years, while for senior citizens, this bank is giving interest ranging from 4.50% to 7.50%. At the same time, this bank is giving 8.50 percent interest for common citizens and 9 percent interest for senior citizens on 501 days tenure.

ESAF Small Finance Bank
This small finance bank is offering 4.50 to 8.50 percent interest on fixed deposits for its senior citizen customers with tenures ranging from 7 days to 10 years. Under Special FD, on 999 days tenure, this bank is giving 8.50 percent interest for senior citizens and 8 percent interest for common citizens.

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Ujjivan Small Finance Bank FD
For common citizens, this bank is paying interest ranging from 3.75 percent to 6.50 percent on FDs ranging from 7 days to 120 months tenure. At the same time, for senior citizens, it is giving 0.75 percent more interest than common citizens. Apart from this, this bank is giving 8.75 percent interest to senior citizens under special FD with a tenure of 80 weeks or 560 days, which is effective from 5 November.

Fincare Small Finance Bank
This bank is giving 0.50 percent more interest to senior citizens than common citizens. This rate is effective from 9 November 2022 and is paying a maximum interest of 8.50 percent on 1000 days special FD.

Utkarsh Finance Bank
This bank is giving interest ranging from 4.75% to a maximum of 7% to senior citizens on tenure ranging from 7 days to 10 years. However, Utkarsh Finance Bank is paying a maximum interest of 8.50% on 700 days special FD.

Also read: FD Rate Hike: HDFC Bank and Federal Bank increased FD rates, know how much return customers are getting?