Latest FD interest rates that SBI, PNB, HDFC Bank, ICICI Bank and others are offering to senior citizens in 1-,3- and 5-year FDs
Fixed Deposit (FD) interest rates vary from bank to bank and differ for general and senior citizens.
A fixed deposit (FD) is a form of investment in which you deposit a lump sum amount with a bank or financial institution for a given time and earn a fixed interest rate. At the end of the period, you will get the amount invested plus interest.
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FD interest rates in different banks
Fixed Deposit (FD) interest rates vary from bank to bank and differ for general and senior citizens.
SBI, PNB, HDFC Bank, ICICI Bank, Canara Bank, and Axis Bank FD rates
Here are the latest FD interest rates that banks like SBI, PNB, HDFC Bank, ICICI Bank, Canara Bank, and Axis Bank are offering to senior citizens. Take a look:
SBI Amrit Vrishti FD scheme
The state lender is offering a 7.75 per cent interest rate on 444-day FD to senior citizens.
SBI FD interest rate
For one year, SBI offers a 7.30 per cent interest rate, 7.25 per cent, and 7.50 per cent for 3-year and 5-year fixed deposits respectively.
Bank of Baroda- Monsoon Dhamaka
BoB is offering a 7.80 per cent interest rate to senior citizens on the BoB Monsoon Dhamaka FD scheme.
BoB- 1-yr, 3-yr, 5-yr FDs
The public lender offers 7.35 per cent, 7.65, and 7.15 per cent interest rates on one-year, three years, and five years FDs respectively.
Punjab National Bank- 400 days FD plan
PNB provides a 7.75 per cent interest rate to senior citizens on a 400-day FD scheme.
PNB- 1-yr, 3-yr, 5-yr FDs
The bank gives 7.30 per cent on one year FD while providing 7.50 per cent and 7 per cent interest rates on 3-year and 5-year FDs.
Canara Bank FD interest rate for senior citizens
The bank gives a 7.75 per cent interest rate to senior citizens on 444-day FD.
Canara Bank- 1-yr, 3-yr, 5-yr FDs
Canara Bank provides 7.35 per cent, 7.30 per cent, and 7.20 per cent interest rates on 1-year, 3-year, and 5-year FDs respectively.
ICICI Bank
Next comes ICICI Bank which offers a 7.80 per cent interest rate on 15 months to less than 18 months FD to senior citizens.
ICICI Bank- 1-yr, 3-yr, 5-yr FDs
For one-year, three years, and five years FD schemes, ICICI Bank gives 7.20 per cent, 7.50 per cent, and 7.50 per cent interest rates respectively.
Axis Bank FD interest rate for senior citizens
The bank gives a 7.75 per cent interest rate to senior citizens on 15 months to less than two years; and 5 years to 10 years FDs.
Axis Bank- 1-yr, 3-yr, 5-yr FDs
Axis Bank provides 7.20 per cent, 7.60 per cent, and 7.75 per cent interest rates on 1-year, 3-year, and 5-year FDs respectively.
HDFC Bank FD interest rate for senior citizens
The bank gives the highest interest rate of 7.90 per cent to senior citizens on 4 Year 7 Months (55 months) FD scheme.
HDFC Bank- 1-yr, 3-yr, 5-yr FDs
HDFC Bank provides 7.10 per cent, 7.50 per cent, and 7.50 per cent interest rates on 1-year, 3-year, and 5-year FDs respectively.