Many senior citizens invest in fixed deposit (FD) schemes to get a fixed income in their retirement phase. That’s why many of them look for options where they can get maximum returns from their deposits. FD interest rates are locked-in at the time of investment, so people know the maturity they will get. For senior citizens who require a steady source of income, knowing the estimated maturity amount in advance is especially crucial. Senior citizens can invest in FDs ranging from 7 days to 10 years. A 3-year FD is one of the options for them.
Check out the tables below that compare the latest 3-year senior citizen FD interest rates offered by small finance banks, private sector banks and public sector undertaking (PSU) banks.
