Top 5 Banks Offering Highest FD Rates: Senior Citizens Get Extra Benefits

• Fixed Deposits (FDs) are a safe investment option, especially for those seeking fixed returns away from market risks.
• Suryoday Small Finance Bank offers the highest FD rate at 7.90%, followed by Jana Small Finance Bank (7.77%) and ESAF Small Finance Bank (7.60%).
• Utkarsh and Shivalik Small Finance Banks provide 7.50% interest, while Ujjivan Small Finance Bank offers up to 7.45%.
• Senior citizens receive an additional interest benefit of up to 0.50% from most banks, potentially increasing their effective return to 8%.
• Investors should consider bank stability, premature withdrawal rules, deposit insurance limits, and investment tenure before choosing an FD.