5 banks offering around 9% interest on FDs to senior citizens; check list

The golden run of fixed deposits (FDs) is not over yet. Senior citizens can still earn around 9% interest rates on FDs. However, only a handful of small finance banks (SFBs) offer around 9% interest rates on senior citizen FDs.

Small finance banks are also regulated by the Reserve Bank of India (RBI). Deposits opened with small finance banks are protected by the deposit insurance program to the tune of Rs 5 lakh. However, it includes both the principal and interest amounts. If you are investing in FDs in small finance banks, keep this in mind.

For senior citizens, Fincare Small Finance Bank offers 9.21% for FDs maturing in 750 days.

Suryoday Small Finance Bank offers an interest rate of 9.10% for FDs maturing between two years and three years. This interest rate is only available for senior citizens.

Equitas Small Finance Bank offers an interest rate of 9% to senior citizens for FDs maturing in 444 days.

For senior citizens, ESAF Small Finance Bank offers an interest rate of 9% for FDs maturing between two years and less than three years.

Jana Small Finance Bank offers an interest rate of 9% to senior citizens for FDs maturing between more than two years and three years.