Best Fixed Deposit Interest Rates for Senior Citizens in August 2023

Best Fixed Deposit Interest Rates for Senior Citizens in August 2023

As RBI has kept Repo Rate unchanged, it is a good time for senior citizens to book Fixed Deposits. Here’s is a look at banks offering best FD interest of 9% or more in August 2023.

As RBI has kept Repo Rate unchanged, it is a good time for senior citizens to book Fixed Deposits. Here’s is a look at banks offering best FD interest of 9% or more in August 2023.

Suryoday Small Finance Bank: It is offering up to 9.60% FD interest rate to senior citizens.

Suryoday Small Finance Bank: It is offering up to 9.60% FD interest rate to senior citizens. 

Unity Small Finance Bank: It is offering up to 9.50% FD interest rate to senior citizens.

Unity Small Finance Bank: It is offering up to 9.50% FD interest rate to senior citizens.

Fincare Small Finance Bank: It is offering up to 9.11% FD interest rate to senior citizens.

Fincare Small Finance Bank: It is offering up to 9.11% FD interest rate to senior citizens. 

North East Small Finance Bank: It is offering up to 9.25% FD interest rate to senior citizens.

North East Small Finance Bank: It is offering up to 9.25% FD interest rate to senior citizens. 

Several other banks are also offering upto 8% or more Fixed Deposit Interest Rate to Senior Citizens.

Several other banks are also offering upto 8% or more Fixed Deposit Interest Rate to Senior Citizens.

Experts say that at the current deposit rates, individuals should lock in FDs at the highest interest slab rate.

Experts say that at the current deposit rates, individuals should lock in FDs at the highest interest slab rate.