Highest interest rates on FD : Fixed Deposit i.e. FD is considered one of the safest options for investment in our country. Deposits in FD account give better returns. People like it due to low risk. Senior citizens especially like to invest in FD. Most banks also offer 0.5 percent higher interest rate on FD to their senior citizens as compared to general customers. If you are a senior citizen i.e. 60 years or more and want a return of 9.75 percent on bank FD, then today we are going to tell you about the offers of some banks, which are offering higher interest rates to senior citizens.
Senior citizens are getting up to 9.75% interest on FD of this bank
North East Small Finance Bank (NESFB) has recently increased its FD rates. Now senior citizens are getting the benefit of up to 9.75% return on FDs of this bank. It is being told that North East Small Finance Bank FD rate is the highest in the country. According to the bank, this increase of 50 basis points reflects their commitment to provide the most valuable returns to their customers. NESFB is changing the savings growth scenario by offering a rate of 9.25% for the general public and a rate of 9.75% for senior citizens.
Also read: Mutual Fund: 9.5 lakhs accumulated in 5 years with SIP of just 5000, this infrastructure fund gave around 48% annualized return