Senior Citizens FDs: These 10 banks offer best fixed deposit interest rates for senior citizens

Senior citizen investors may be enjoying their returns on their investment on fixed deposits as the banks are not shying away from increasing their fixed deposit interest rates. Many banks are hiking their fixed deposit interest rate in tandem with the Reserve bank of India repo rate hike, passing the benefit to its customers.

Most big banks have hiked their fixed deposit interest rates, but to attract more investors, small finance banks are offering even higher rates. Individuals who have deposits with big banks such as SBI, get a highest interest rate of only 7.25 for senior citizens.

Here is a look at 10 banks offering the highest interest rates for senior citizens.

Suryoday Small Finance Bank
This small finance bank offers the highest interest rate of 8.76% on tenure of 999 days for senior citizens. The rates are effective from December 21, 2022.

Ujjivan Small Finance Bank
Ujjivan Small Finance Bank offers the highest interest rate of 8.75% on tenure of 560 days for senior citizens. The rates are effective from November 5, 2022.

Equitas Small Finance Bank
Equitas Small Finance Bank offers highest interest rate of 8.50% on tenure of 888 days for senior citizen. The rates are effective from November 5, 2022. The rates are applicable from December14, 2022.

Bandhan Bank
Bandhan Bank offers highest interest rate of 8.50% on tenure of 600 days for senior citizen. The rates are effective from February 6, 2023.

DCB Bank
DCB Bank offers highest interest rate of 8.35% on tenure of 700 days to 36 months for senior citizen The rates are effective from December 21, 2022 .

RBL Bank
RBL Bank offers highest interest rate of 8.30% on tenure of 453 days to 725 days days for senior citizen. The rates are effective from February 1, 2023.

Citi Bank
Citi Bank offers the highest interest rate of 8.27% on tenure of 91 to 180 days for senior citizen. The rates are effective from February 13, 2023.

Yes Bank
Yes Bank offers the highest interest rate of 8.25% on tenure of 35 months for senior citizen. The rates are effective from January 12, 2023.

Indusind Bank
Indusind Bank offers highest interest rate of 8.25% on tenure between 2 years to 3 years 3 months for senior citizen. The rates are effective from January 19, 2023.

AU Small Finance Bank
AU Small Finance Bank offers highest interest rate of 8.25% on tenure between 24 months to 45 months for senior citizen. The rates are effective from December 12, 2022.