Highest FD rates for Senior citizens: Compare best interest rates from PSU, private and small finance banks

Core Insights - Fixed deposit (FD) interest rates are providing stability in uncertain financial markets, with returns guaranteed on the principal amount even amidst stock market fluctuations [1][9] - Small finance banks are leading the sector with some of the highest FD interest rates, offering returns up to 8.50% per annum for select tenures [2][9] Small Finance Banks - AU Small Finance Bank offers an interest rate of 7.6% for a tenure of 30 months to 36 months, with rates of 6.85%, 7.6%, and 7.25% for 1-year, 3-year, and 5-year tenures respectively [3] - Equitas Small Finance Bank provides an 8% interest rate for a tenure of 888 days, with rates of 7.4%, 7.5%, and 7.5% for 1-year, 3-year, and 5-year tenures [3] - ESAF Small Finance Bank offers the highest rate of 8.5% for a tenure of 501 days, with lower rates for longer tenures [3] Private Sector Banks - SBM Bank India has the highest FD interest rate at 8.35% per annum for a tenure of 391 days to 15 months [4][10] - Bandhan Bank and RBL Bank offer interest rates of 7.75% and 7.70% respectively [4][10] - Other notable private banks include Axis Bank with a maximum rate of 7.2% for a tenure of 5 years, and HDFC Bank with a rate of 7% for tenures less than 4 years [6] Public Sector Banks - Punjab & Sind Bank offers the highest interest rate of 7.25% for a tenure of 666 days, while Bank of Maharashtra provides a rate of 7.15% for a tenure of 400 days [8][10] - Other public sector banks like Bank of Baroda and Bank of India offer rates of 7% and 7.1% respectively for various tenures [8]