Highest Senior Citizen FD Rates: Banks like SBI, BoB, PNB, HDFC Bank, ICICI Bank, Canara Bank are providing these FD rates on 1-yr-3yr-5yr tenure
Highest Senior Citizen FD Rates: In one year, SBI gives a 7.30 per cent interest rate to senior citizens while in 3-year and 5-year FDs, the bank provides 7.25 per cent and 7.50 per cent interest rates respectively.
A fixed deposit (FD) is a type of investment where you can deposit a lump sum amount for a fixed period to earn interest. FDs are considered the safest way of investment which is why they are the most popular investment choice. You will earn the same interest even when the market is down. This means FD has a fixed interest rate and they don't get impacted by market fluctuations. Senior citizens get a higher rate of interest than general FDs.
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FD interest rates by top banks
A look at what PSU banks like SBI, BoB, PNB and other banks are providing to senior citizens on fixed deposits.
SBI FD rate for senior citizens
On 444 days - Amrit Vrishti FD scheme, SBI gives 7.75 per cent interest rate to senior citizens.
1-yr, 3-yr, 5-yr FD scheme by SBI
In one year, SBI gives a 7.30 per cent interest rate to senior citizens while in 3-year and 5-year FDs, the bank provides 7.25 per cent and 7.50 per cent interest rates respectively.
Bank of Baroda FD rates
In 400 days - Bob Utsav, Bob gives 7.80 per cent interest rate to senior citizens
BoB- 1yr-3yr-5yr FD rates
BoB offers 7.35 per cent interest rate to senior citizens in one year, 7.65 per cent in three years, and 7.15 per cent in five years.
PNB FD rates
In 400 days, PNB gives 7.75 per cent interest rate to senior citizens.
Punjab National Bank- 1yr-3yr-5yr FD rates
PNB offers a 7.30 per cent interest rate to senior citizens in one year, 7.50 per cent in three years, and 7.00 per cent in five years.
Axis Bank FD rates
7.75 per cent interest rates on 15 months to less than 2 years; 5 years to 10 years.
Axis Bank- 1yr-3yr-5yr FD rates
Axis Bank offers a 7.20 per cent interest rate to senior citizens in one year, 7.60 per cent in three years, and 7.75 per cent in five years.
Canara Bank FD rates
7.9 per cent interest rate on 3 years & above to less than 5 years FD tenure.
Canara Bank- 1yr-3yr-5yr FD rates
Canara Bank offers a 7.35 per cent interest rate to senior citizens in one year, 7.30 per cent in three years, and 7.20 per cent in five years.
HDFC Bank interest rate
7.90 per cent interest rate in 4 Year 7 Months (55 months) FD tenure.
HDFC Bank- 1yr-3yr-5yr FD rates
HDFC Bank offers 7.10 per cent interest rate to senior citizens in one year, 7.50 per cent in three years, and 7.50 per cent in five years.