Which Bank Is Best For Fixed Deposit For Senior Citizens?

According to myloancare.in

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State Bank of India



Axis Bank

Kotak Mahindra Bank

IDFC First Bank

Bank of Baroda

Which bank is best for FD for senior citizen?

IndusInd Bank FD Rates

TenureRegular CitizensSenior Citizens
2 years 9 months to below 3 years7.75%8.25%
3 years to below 61 months7.35%7.85%
61 months and above7.25%7.75%
Indus Tax Saver Deposit Scheme (5 years)7.50%8.00%

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Which bank is best for fixed deposit?

Bank NameInterest rate (%) compounded qtrlyWhat Rs 10,000 will grow into
RBL Bank7.9010814
Lakshmi Vilas Bank7.7510798
Indusind Bank7.6010782
City Union Bank7.3510756

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Which bank is best for fixed deposit in 2019?

Senior Citizen FD Interest Rates in 2019

The highest interest rate for senior citizen is offered by IDFC Bank and Bank of India at 8.25%.

What is the best investment for senior citizens?

Here is the list of some of the recommended investment options for senior citizens:

  • Senior citizen fixed deposits. 1)The fixed deposit interest rates for senior citizens are higher than regular FD rates.
  • Senior citizen savings scheme.
  • Post office monthly income scheme.
  • Tax-free bonds.
  • Debt funds.