High-yield FDs for senior citizens: Top banks offering up to 7.5% interest rate
Top banks offer high fixed deposit rates for senior citizens, with rates up to 7.5 percent. IndusInd Bank, Axis Bank, HDFC Bank, and others provide attractive options for deposits up to Rs 3 crore.
Senior citizens often prefer fixed deposits (FDs) for their secure nature, guaranteed returns and low risk, with banks typically offering higher rate of return for seniors, making them an attractive option.
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To maximize your fixed deposit returns, choose a bank with competitive interest rates. Here are top ten banks offering high FD rates for deposits up to Rs 3 crore. The list is based on BankBazaar data as of September 30.
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IndusInd Bank is offering senior citizens a 7.5 percent interest rate on 6–12-month tenure FD, the highest among private banks.
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Axis Bank is offering a 7.35 percent interest rate on 5–10-year FDs for senior citizens.
