Positive impactStocks
FD Rates: These Banks Offer Up to 8.5% Interest to Senior Citizens in September
NDTV Profit 1 hr ago·19 Sept 2026, 3:32 am
In September, several banks have raised fixed deposit (FD) rates to attract senior citizens, with ESAF Small Finance Bank and Suryoday Small Finance Bank offering the highest returns of 8.5% on select tenure options. This move comes as banks compete to secure low-cost deposits in a competitive lending environment.
For investors, this is a positive development as it offers an alternative to traditional savings accounts, potentially boosting monthly income. However, it is important to compare rates across different banks and tenures to find the best fit for your financial goals.
Investors should watch for any further rate cuts or hikes in the coming months, as these changes can impact the overall yield on fixed deposits. Always check the bank's reputation and credit rating before investing.
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- Category: Stocks.
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