Get Returns up to 8.25% on Senior Citizen Fixed Deposit Account; Know FD rates for different tenure:

Get Returns up to 8.25% on Senior Citizen Fixed Deposit Account; Know FD rates for different tenure Everyone wants to get higher and risk free returns on their investments. There are lot of options for the investments like, Stock market, Saving Account, Fixed Deposit, Mutual Funds and Investment in the real state. Every asset class have their own risks and rewards. During young age people are ready to take risks for higher returns. But when the age increases and specially when you are senior citizen you want your investments to be safe and you need better returns as well. When you are at old age then maximum people go towards fixed deposit as in fixed deposit returns are not that handsome but it is considered as one of the safest way of the investment. Here is a list of the best FD options from various banks for various time durations.

For FDs With One Year Tenure

For fixed deposits with a tenure of 1 year, various banks offer impressive interest rates. Bandhan Bank provides the highest rate at 8.25%, while IndusInd Bank and RBL Bank offer 8.00%. DCB Bank and Indian Overseas Bank offer slightly lower rates at 7.60%.

For FDs With Two-Year Tenure

For fixed deposits with a tenure of 2 years, DCB Bank, IndusInd Bank, RBL Bank, and YES Bank all provide an interest rate of 8.00%, while Bandhan Bank provides a rate of 7.75%.

For FDs With Three-Year Tenure

For fixed deposits with a 3-year tenure, YES Bank gives the highest rate at 8.25%. On the other hand, DCB Bank and RBL Bank provide a rate of 8.00%. Bandhan Bank and IndusInd Bank provide a slightly lower rate of 7.75%.

For FDs With Three-Year Tenure

For a 5-year FD tenure, YES Bank provides an interest rate of 8.25%, while DCB Bank offers 7.90%. One the other hand, Axis Bank offers 7.65%, and IndusInd Bank and RBL Bank offer 7.60%.