Senior Citizen FD Latest Interest Rates: Compare highest interest offered by SBI, PNB, Canara Bank, HDFC Bank and ICICI Bank; check here
Senior Citizen FD Latest Interest Rates: Some FDs also provide tax benefits under Section 80C. Senior citizens get higher interest rates than general citizens.
Senior Citizen FD Latest Interest Rates: FD or fixed deposit is considered the safest way of investment. People especially senior citizens park their money under this scheme to get a fixed return on their investments.
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FD interest rate
In any bank, if you invest money for a particular period for any rate of return, you get the same returns till the lock-in period even if bank interest rates change in the future.
FD interest rate calculator
An FD is a fixed, guaranteed-income instrument that requires a lump sum deposit for a predetermined period and delivers a definitive return.
FDs are generally considered low-risk instruments, offering guaranteed returns, and thus are a preferred choice among conservative investors.
Read on to learn more about FD returns through calculations based on various investment scenarios.
FD investment period
You can choose any period from a week to even a decade under a time deposit.
Tax benefits on FD
Some FDs also provide tax benefits under Section 80C.
Senior citizen FD interest rate
Senior citizens get higher interest rates than general citizens.
FD: Easy to understand
FD is the easiest way of investment to understand and it is not market-linked.
Highest interest rates on FD to senior citizens
Here are some banks that provide the highest interest rates on FD to senior citizens.
SBI, PNB, HDFC, ICICI and Canara Bank FD interest rates
These banks include State Bank of India (SBI, Canara Bank), Punjab National Bank (PNB), HDFC Bank and ICICI Bank.
HDFC Bank
7.9% on 4 years 7 months (55 months) tenure
ICICI Bank
7.8% on 15 months to less than 18 months tenure
State Bank of India
7.75% on 444 days tenure
Punjab National Bank
7.75% on 400 days tenure
Canara Bank
7.75% on 444 days tenure