Senior Citizen FD Rates: Top 10 banks with highest interest rates
Senior citizens can earn up to 7.5% interest on fixed deposits with top banks like IndusInd Bank, Axis Bank, and others offering competitive rates for deposits up to Rs 3 crore.
Senior citizens favor fixed deposits (FDs) for their safety, assured returns, and minimal risk, with banks usually offering higher interest rates to seniors, enhancing their appeal.
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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 October 27.
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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.
