FD rate up to 8.3% for 3 years for senior citizens
The fixed deposit (FD) interest rate for senior citizens in India has reached an impressive 8.3%, with some banks offering rates as high as 8.5% for these accounts. These competitive rates apply to three-year terms, with deposits capped at Rs 3 crore. Among the banks offering such attractive rates is Jana Small Finance Bank, which is currently providing 8.3% interest on FDs for senior citizens with a three-year tenure.
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