Fixed Deposit Interest Rate upto 9.5%: Highest 3 Years Fixed Deposit Interest Rates is Offered to Senior Citizens by Seven Banks

Over the last two years, banks have consistently increased their interest rates, even some of the banks are offering fixed deposit interest at more than 9%. This has benefited the fixed deposit (FD) depositors a lot. Here we have made a list of such banks that are offering their senior citizens with interest rates of upto 9.5% on their fixed deposit amount of around 3 crores.

Know the fixed deposit (FD) rates at the following banks:

1. North East Small Finance Bank
North East Small Finance Bank is providing its senior citizens with an interest rate of 9.5% on their fixed deposit (FD) of more than three years.

2. Suryoday Small Finance Bank
Suryoday Small Finance Bank is providing its senior citizens with an interest rate of upto 9.1% on their fixed deposits which is to mature in three years.

3. Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is providing its senior citizens with an interest rate of upto 9.1% on their fixed deposits which is to mature in three years.

4. Equitas Small Finance Bank
Equitas Small Finance Bank is providing its senior citizens with an interest rate of upto 8.5% on their fixed deposits which is to mature in the period of three years.

5. AU Small Finance Bank
AU Small Finance Bank is providing its senior citizens with an interest rate of upto 8% on their fixed deposits which is to mature in the period of three years.

Q. When is the TDS reduced on the rates of fixed deposit (FD)?
The TDS is reduced on the interest rates of fixed deposits (FDS) when the interest rates cross the limit of Rs. 40,000 on a person in a year. The TDS is reduced on the fixed deposits of senior citizens only when interest crosses the limit of Rs. 50,000.