Senior citizens prioritize the safety of their investments. Regular and fixed returns on FDs make them so popular. However, interest rates vary across public and private banks.

Senior Citizen FD Interest Rates India: Senior citizens prioritize the safety of their investments. Perhaps this is why bank FDs remain their top choice even today. Regular and fixed returns on FDs make them so popular. However, interest rates vary across public and private banks.

In such a situation, it is important to invest your money where the interest rate is higher. This can help you earn more profits than others. If you fall into the category of senior citizens and are planning a bank FD, you should definitely compare the interest rates of different banks. Let's learn more about them...

Interest Rates of Various Government Banks

Senior citizen customers at government banks are receiving attractive interest rates on fixed deposits. According to available information, Bank of Baroda is offering senior citizens a 7 percent return, while Punjab National Bank is offering 6.90 percent.

The Central Bank of India is offering senior citizens a 6.75 percent return on FDs. Among other government banks, Bank of Maharashtra and Union Bank of India are both offering 6.70 percent interest rates for senior citizens.

Private Bank Interest Rates

Senior citizen customers at private sector banks are also receiving attractive interest rates on fixed deposits. According to available information, Yes Bank is offering 7.75 percent returns for senior citizens, while Bandhan Bank and RBL Bank are both offering 7.70 percent interest.

Additionally, IDFC First Bank and IndusInd Bank are offering FD returns of up to 7.50% for senior citizen customers. Private banks are also offering competitive interest rates on FD investments for senior citizens.