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After the repo rate cut from the Reserve Bank of India, the big government and private banks of the country have given less interest on FD. The earnings under fixed deposits are now limited. But in the meantime, there are some banks in the country which are offering interest up to 8.8 percent on FD. Let us tell about those banks and the interest rate given by them.
There are some small finance banks in the country, which are offering great interest to senior citizens on FD. Talking about small finance banks like sunrise small finance bank and Utkarsh Small Finance Bank, these banks are offering attractive interest rates of 8.80% and 8.70% for senior citizens. Apart from this, many other public and private banks are also giving good interest to senior citizens on FD.
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