Fixed deposit rates for senior citizens that major banks such as SBI, PNB, HDFC Bank, Axis Bank, BOI and others are offering (latest)
Fixed Deposits offer safe, guaranteed returns, with senior citizens enjoying higher interest rates across banks like SBI, HDFC, and Axis Bank. Rates range from 7.75% to 7.9%, depending on the bank and tenure, making FDs a secure investment choice.
ZeeBiz WebTeam | Sep 05, 2024, 11:37 AM IST
Fixed Deposits are a popular investment option for their safety and guaranteed returns. Senior citizens benefit from higher interest rates offered by specialized schemes across various banks. For instance, State Bank of India, Axis Bank, and Canara Bank offer a 7.75% interest rate for specific tenures, while HDFC Bank provides a slightly higher rate of 7.9%. ICICI Bank and Bank of Baroda also offer competitive rates, making FDs an attractive choice for secure, long-term investments.
1/8
State Bank of India (SBI)
- Interest Rate: 7.75%
- Tenure: 444 days
2/8
Axis Bank
- Interest Rate: 7.75%
- Tenure: 5 years to 10 years
3/8
HDFC Bank
- Interest Rate: 7.9%
- Tenure: 4 years 7 months (55 months)
4/8
5/8
Bank of Baroda
- Interest Rate: 7.75%
- Tenure: 399 days
6/8
Bank of India
- Interest Rate: 7.75%
- Tenure: 333 days
7/8
Canara Bank
- Interest Rate: 7.75%
- Tenure: 444 days
8/8
Punjab National Bank (PNB)
- Interest Rate: 7.75%
- Tenure: 400 days