FD interest rates offered by SBI, PNB, Bank of Baroda, HDFC Bank and Axis bank for senior citizens
Senior citizens benefit from slightly higher interest rates through Senior Citizen Fixed Deposit schemes. However, the interest rates for senior citizens can vary based on several factors, with the tenure being one of the most important considerations.
Fixed Deposits are a popular investment choice due to their safety and guaranteed returns. Senior citizens benefit from slightly higher interest rates through Senior Citizen Fixed Deposit schemes. However, the interest rates for senior citizens can vary based on several factors, with the tenure being one of the most important considerations.
Axis Bank
Rate: 7.75%
Tenure: 5 years to 10 years
Canara Bank
Rate: 7.75%
Tenure: 444 days
Bank of India
Rate: 7.8%
Tenure: 666 days
Punjab National Bank
Rate: 7.75%
Tenure: 400 days
HDFC Bank
Rate: 7.9%
Tenure: 4 Year 7 Months (55 months)
State Bank of India
Rate: 7.75
Tenure: 444 days