Senior citizens bank fixed deposit (FD) rates above 9%. Check details

published 01.08.2020 08:21

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State Bank of India (SBI), ICICI Bank, HDFC Bank and others give 50 basis point extra to senior citizens than others on fixed deposits (FDs).

Like, top lenders, Small Finance Banks (SFBs) also offer higher interest rates on FDs to senior citizens.

Interest rates on fixed deposits have been falling in the recent times.

But SFBs continue to offer relatively higher rates as compared to other top banks.

by Sangeeta Ojha from livemint.com

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