Highest FD Rates: Senior citizens are getting the highest interest on FDs here, see the list of top 10 banks here.

Highest FD Rates for Senior Citizens: The Reserve Bank of India cut the repo rate by a significant 1.25 percent last year. While the RBI’s repo rate reduction reduced loan interest rates, banks also reduced the interest rates on FD accounts. Here, we’ll explore the 10 banks offering the highest interest rates on FD accounts for senior citizens over 60. We’ll also explain the specific tenures for which these banks are offering the highest returns. It’s worth noting that not a single government bank is included in the list of the top 10 banks offering the highest interest rates on FD accounts for senior citizens. All of the banks included in this list are private sector banks.

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Top 10 Banks Offering the Highest Interest Rates on FDs for Senior Citizens

1. CSB Bank is offering senior citizens 7.30 percent interest on FD accounts with a maturity period of 13 months.
2. Tamilnad Mercantile Bank is offering 7.40 percent interest to senior citizens under a 400-day special FD scheme.
3. IDFC FIRST Bank is offering 7.50 percent interest to senior citizens on FD accounts with a maturity period of 450 days to 5 years.
4. Jammu & Kashmir Bank is offering 7.50 percent interest to senior citizens under a special FD scheme of 888 days.
5. IndusInd Bank is offering 7.50 percent interest to senior citizens on FD schemes with a maturity period of 18 months to 19 months.
6. SBM Bank India is offering 7.60 percent interest to senior citizens on FD accounts with a maturity period of more than 15 months and up to 3 years and 2 days.
7. DCB Bank is offering senior citizens an interest rate of 7.65 percent on FD schemes with tenures ranging from 60 months to 61 months.
8. Bandhan Bank is offering senior citizens an interest rate of 7.70 percent on FD accounts with tenures of more than 2 years and less than 3 years.
9. RBL Bank, a private bank, is offering senior citizens an interest rate of 7.70 percent on FDs with tenures of more than 18 months and 3 years.
10. Private sector Yes Bank is offering the highest interest rate of 7.75 percent for senior citizens on FD accounts with tenures of more than 3 years and less than 5 years.