Special FD Rates for Senior Citizen Depositors: SBI, PNB, Bank of Baroda, Canara Bank, HDFC Bank, other lenders offer these returns on your investment in 5 years

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.

ZeeBiz WebTeam | Sep 23, 2024, 07:00 PM IST

FDs or fixed deposits are one of the safest forms of investment as they offer guaranteed returns.

 

1/11

Tax on FDs

Tax on FDs

FDs allow to save tax on earnings under Section 80C of the Income Tax Act.

2/11

Minimum investment in FD

Minimum investment in FD

The minimum investment in FD varies from bank to bank.

3/11

FD tenure

FD tenure

Generally, FDs range from seven days to a maximum of 10 years.

4/11

SBI, Bank of Baroda, ICICI Bank, Canara Bank and other banks' FD rate

SBI, Bank of Baroda, ICICI Bank, Canara Bank and other banks' FD rate

Here are latest fixed deposit rates that SBI, Bank of Baroda, ICICI Bank, Canara Bank, and others are offering currently.

5/11

State Bank of India- 1yr-3yr-5yr FD rates

State Bank of India- 1yr-3yr-5yr 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.

6/11

BoB- 1yr-3yr-5yr FD rates

BoB- 1yr-3yr-5yr FD rates

BoB offers 7.30 per cent interest rate to senior citizens in one year, 7.25 per cent in three years, and 6.75 per cent in five years.

7/11

ICICI Bank- 1yr-3yr-5yr FD rates

ICICI Bank- 1yr-3yr-5yr FD rates

ICICI offers a 7.20 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.

8/11

Axis Bank- 1yr-3yr-5yr FD rates

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.

9/11

Canara Bank- 1yr-3yr-5yr FD rates

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.

10/11

HDFC Bank- 1yr-3yr-5yr FD rates

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.

11/11

Punjab National Bank

Punjab National Bank

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.

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x