New Delhi: In these changing times, earning money is becoming a challenge for everyone. People are making substantial returns by investing in various schemes. Even if you do not have active employment, you can earn money by investing in Fixed Deposits (FDs). This investment carries absolutely no risk of capital loss and is hassle-free. In September, several banks are offering very attractive interest rates to senior citizens. Senior citizens are being offered interest rates of up to 8.50% on Fixed Deposits (FDs).
Earn Substantial Returns on FDs
Senior citizens can earn impressive returns by investing in FDs, especially when investing a significant portion of their retirement corpus. By choosing the right bank and the appropriate maturity period, you can maximise your interest income without taking any risks. Read the article below to understand which banks are offering what interest rates on FDs.
What Interest Rates Are These Banks Offering?
Many banks in India are offering attractive interest rates to senior citizens. Equitas Small Finance Bank is offering up to 8.50% interest on FDs for senior citizens. ESAF Small Finance Bank is also offering up to 8.50% annual interest on FDs.
Suryoday Small Finance Bank is offering up to 8.50% interest on FDs. Jana Small Finance Bank is offering up to 8.30% interest. Ujjivan Small Finance Bank also offers interest rates of up to 8.30%. Shivalik Small Finance Bank is offering up to 8.25% interest, and Utkarsh Small Finance Bank is offering up to 8.25%.
What Interest Rates Are These Banks Offering?
DCB Bank is offering attractive interest rates on FDs; senior citizens can earn 8% interest from the bank. Bandhan Bank is offering interest rates of up to 7.95 per cent. IndusInd Bank is also providing rates of up to 7.75 per cent.
Axis Bank is offering interest rates of up to 7.2 per cent to senior citizens. HDFC Bank is offering up to 7.10 per cent interest, while ICICI Bank is also offering up to 7.1 per cent. IDBI Bank is offering interest rates of up to 7.00 per cent.
Public sector banks are also offering attractive interest rates.
Bank of India is offering up to 7.45 per cent interest on fixed deposits (FDs). Punjab & Sind Bank is offering up to 7.35 per cent interest on FDs. Bank of Baroda is offering up to 7.25 per cent interest to senior citizens on FDs, and Central Bank of India is offering up to 77.25 per cent.
Bank of Maharashtra is offering interest rates of up to 7.1 per cent. Indian Bank is offering up to 7.15 per cent interest on FDs. State Bank of India is offering up to 7.05 per cent interest, and Union Bank of India is also offering up to 7.05 per cent.
