Senior citizens can now lock in up to 8.50% on five‑year fixed deposits, with Suryoday Small Finance Bank offering the highest rate in the segment. The bank’s 8.50% return provides a notable boost for retirees seeking stable income.
DCB Bank joins the competition with an 8% rate for senior citizens on comparable five‑year deposits, giving seniors a solid alternative. Both institutions highlight the growing emphasis on attractive FD options for older savers.
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These rates are part of a broader push by banks to capture senior‑citizen deposits, offering higher yields than standard rates and helping pensioners maximize returns on low‑risk investments.
