Key Points
There are still several banks that are now offering interest rates of 9% and more on fixed deposits (FDs) to senior citizens..
Here's the list of banks offering FDs with interest rates more of than 9% and more:..
Jana Small Finance Bank offers an interest rate of 9% on FDs maturing between more than two years to less than three years...
Do remember that deposits in deposits in small finance banks are also insured by the Deposit Insurance Credit Guarantee Corporation (DICGC) to the tune of Rs 5 lakh...
All State, Central, and Primary co-operative banks, also called urban co-operative banks, functioning in States / Union Territories that have amended the local Cooperative Societies Act empowering the Reserve Bank of India (RBI) to order the Registrar of Co-operative Societies of the State / Union Territory to wind up a co-operative bank or to supersede its committee of management and requiring the Registrar not to take any action regarding winding up, amalgamation or reconstruction of a co-operative bank without prior sanction in writing from the RBI are covered under the Deposit Insurance Scheme..
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