Utility News: These banks are giving more interest on FD than Senior Citizen Saving Scheme

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Many people have the desire to earn good money by doing fixed deposits, but these people are unable to do so due to a lack of information. Many banks are offering better returns on FD (Fixed Deposit). Many small finance banks in the country are offering fixed deposit interest rates higher than the Senior Citizen Savings Scheme. At present, people are getting a 7.6 percent interest rate in Senior Citizen Savings Scheme deposits.

 

Today we are going to give you information about some such banks in the country which are giving more interest on FD than Senior Citizen Saving Scheme. Senior citizens are being given 8.75 percent interest on FDs of 80 weeks (560 days) by Ujjivan Small Finance Bank. Whereas 8.5 percent interest is being received on the deposit of 990 days.

 

While senior citizens are being given 8.5 percent interest on 700 days of FD and 8.25 percent interest on deposits of 5 years from 701 days to senior citizens by Utkarsh Small Finance Bank.